Part 8/15:
A key point of differentiation is made between Bitcoin and other cryptocurrencies, often labeled as altcoins or “crypto tokens.” Matt notes that many altcoins serve as “extensions of existing power,” controlled by large corporations or wealthy investors seeking profit rather than societal benefit.
For instance, Ethereum’s smart contracts, despite their innovation, are often built on centralized data centers, which can be compromised by governments or power brokers. He points out that Bitcoin’s protocol remains inherently decentralized and censorship-resistant, while many other crypto projects are more susceptible to control or censorship.