This 19-year-old bitcoin millionaire is travelling the world recruiting an A-team to build an alternative to the 'corrupt' world of cryptocurrency

• 19-year-old Erik Finman became a bitcoin millionaire last year, and now holds multiple millions worth of cryptocurrency.
• He’s grown disappointed with the current state of cryptocurrency, saying that there are too many scams and too much politics for bitcoin or other current currencies to replace traditional money.
• That’s why Finman has gathered a bunch of other bitcoin millionaires to kickstart a new cryptocurrency that aims to fix the biggest problems with current cryptocurrencies.

19-year-old Erik Finman made headlines last year when the value of his bitcoin holdings hit the $US1 million mark – meaning he won a bet with his parents and didn’t have to go to college.

Now, thanks to the recent surge in the cryptocurrency markets, Finman’s personal bitcoin hoard is worth about $US4 million, even after the slump of the last few weeks. And he’s diversified into other cryptocurrencies, as well as more traditional investment vehicles – he’s even started a 401(k) retirement account.

And yet, Finman is disappointed with the state of cryptocurrency, he tells Business Insider. The cryptocurrency boom has brought with it an upswing in scams and dirty dealings. And the bitcoin community, in particular, is too caught up in its own self-interests to modernise the underlying technology so that it can deal with the increasing crush of users, he says. Read more

Matt Weinberger - Business Insider Australia - 27 Jan 2018