Is Hyperliquid the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Hyperliquid differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Hyperliquid
| Principle Broken | Specific Issue |
|---|---|
| ❌ Decentralization | Operated with only 4 internal validators until November 2024 |
| ❌ Decentralization | All validators controlled by core team at launch |
| ❌ Decentralization | Currently only 16 validators on mainnet as of 2025 |
| ❌ Decentralization | Closed-source node code prevents independent verification |
| ❌ Trustlessness | Must trust team-controlled validators for network security |
| ❌ Trustlessness | Single-binary system creates centralized dependency |
| ❌ Fair Launch | Team and contributors received 23.8% of total supply |
| ❌ Fair Launch | 38.9% allocated to future emissions controlled by team |
| ❌ Proven Security | Launched November 2024, only months old versus Bitcoin's 16 years |
| ❌ Proven Security | Validators selected via whitelist, not permissionless |
| ❌ Neutrality | Whitelisted validators can potentially collude with team |
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 Hyperliquid 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.