Is Sui the next Bitcoin?
No, unfortunately it's a centralized grift, be aware!
Like most alternative cryptocurrencies, Sui differs fundamentally from Bitcoin's decentralized, trustless design.
Critical breaches of Trust by Sui
| Principle Broken | Specific Issue |
|---|---|
| ❌ Fair Launch | Sui Foundation controls over 50% of total token supply |
| ❌ Fair Launch | Only 5% of tokens released at mainnet launch, May 2023 |
| ❌ Fair Launch | Over 50% of supply won't release until after 2030 |
| ❌ Decentralization | Network limited to only 100 validators total |
| ❌ Decentralization | Devnet ran on 4 validators, all controlled by Mysten Labs |
| ❌ Decentralization | Top 15 validators control over 50% of stake |
| ❌ Decentralization | Mysten Labs founders are former Meta/Diem employees |
| ❌ Trustlessness | Must trust Sui Foundation won't dump 50%+ token holdings |
| ❌ Trustlessness | Lack of transparency on Foundation token unlock schedule |
| ❌ Proven Security | Launched May 2023, only 2 years old versus Bitcoin's 16 |
| ❌ Fixed Supply | 90% of tokens locked with unclear release schedule |
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 Sui 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.