Is Bittensor the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Bittensor differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Bittensor
| Principle Broken | Specific Issue |
|---|---|
| ❌ Decentralization | All Subtensor nodes controlled by Opentensor Foundation |
| ❌ Decentralization | Foundation has authority to censor any transactions |
| ❌ Decentralization | 64 Root Network validators controlled emissions until dTAO |
| ❌ Decentralization | Top 5 validators held significant voting power percentage |
| ❌ Neutrality | "Triumvirate" of 3 Opentensor employees propose all updates |
| ❌ Neutrality | "Senate" of top 12 validators vote on proposals only |
| ❌ Neutrality | Risk of collusion between leading validators and Subnet Owners |
| ❌ Trustlessness | Must trust Opentensor Foundation won't censor transactions |
| ❌ Trustlessness | Centralized decision-making in very few hands |
| ❌ Proven Security | Launched January 2021, only 4 years old versus Bitcoin's 16 |
Why Bitcoin?
Bitcoin is the only truly decentralized cryptocurrency. It has no CEO, no company behind it, and no central authority that can change the rules. Unlike Bittensor and thousands of other cryptocurrencies, Bitcoin's supply is fixed at 21 million coins, and this cannot be changed.
Most alternative cryptocurrencies (often called "altcoins" or "shitcoins") are created to enrich their founders and early investors. They often have:
- Centralized control and decision-making
- Pre-mined tokens given to insiders
- Unlimited or changeable supply
- Unproven technology and security
- Heavy marketing but little substance
Don't fall for the hype. Educate yourself about Bitcoin and understand why it's different from every other cryptocurrency.
Learn About Bitcoin
Understand what makes Bitcoin different from every other cryptocurrency. No CEO. No company. No central authority.