Well, it’s been a crazy 10 years for Bitcoin. Truly it’s over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they have been, they’ve had a profound effect on the world. They little doubt predicted that which is why they selected to vanish from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. 1000’s of other crypto coins have come along since all trying to imitate the king of Crypto. All have failed and will continue to fail. Bitcoin is one a kind. Something that can’t be replicated. In the event you don’t know why then let me explain.

If you happen to do not know what Bitcoin is I am going to just offer you a few brief key factors:

Bitcoin Is An On-line Cryptocurrency

It Has a Most Supply of 21 Million

It Cannot Be Solid

Not All Coins Are in Circulation Yet

It Is Absolutely Decentralized Without Anybody Controlling It

It Cannot Be Censored

It’s Peer to Peer Cash

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Every 4 Years

What Makes Bitcoin Different?

So what makes Bitcoin different to all the 1000’s of different coins which have been invented since?

When Bitcoin was first invented it began to spread slowly amongst a small group of people. It grew organically. When people started to see the benefits of Bitcoin and how the value would increase attributable to it’s fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of laptop all over the world. It has spread past the control of any government. It’s creator has vanished and now it runs autonomously.

Developers can upgrade and improve the Bitcoin network however this must be performed my consensus throughout the entire Bitcoin network. Nobody single person can management Bitcoin. This is what makes Bitcoin distinctive and inconceivable to replicate.

There are literally thousands of other cryptocurrencies available now however for instance of what makes Bitcoin completely different I am going to use Ethereum as example. It is a one of the biggest Alt coins right now and has been since it was invented in 2015 by Vitalik Buterin.

Vitalik controls the Ethereum blockchain and basically has the final say on any development that happens on Ethereum.

Censorship And Authorities Interference

For this example let’s imagine that Iran is sending billions of dollars to North Korea to fund their new nuclear weapons program. This is not a good situation however it’s presupposed to show you the way your cash is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the usual banking system and transferring this money to North Korea in USD. The US government say dangle on a minute, we have to freeze these transactions and confiscate the money.. Easy. They do this straight away and the problem is over.

Second example. The same thing happens again but this time Iran use the Ethereum blockchain to send the money to North Korea. The US authorities are see what is happening. A phone call is made.

«Get Vitalik Buterin in Here NOW»

The US authorities «places some pressure» on Vitalik they usually make him roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain has truly been rolled back before when a hacker stole a significant amount of funds).

Problem solved. Unfortunately Ethererum’s credibility could be ruined along with it’s price.

Ethereum is just an instance, but it’s true for each different cryptocurrency.

Bitcoin Can’t Be Stopped

So the identical thing happens again. This time Iran use Bitcoin as their payment method. The US Authorities see this and are powerless to stop it.

There isn’t abody to call. There isn’t abody to place pressure on. The Bitcoin is beyond censorship.

Each different cryptocurrency out there was created by someone or some firm and that will always be the point of failure. They are still centralized.

Another example would be if Vitalik’s family had been taken hostage.. Bitcoin is past any of this and that is why it’s the safest funding on the planet.

Be taught How one can Use Bitcoin

Everyone should own some Bitcoin. It isn’t without it’s dangerous though. For those who’re new to Bitcoin then you must be taught as much a lot as you’ll be able to earlier than you make investments any money. Owning Bitcoin comes with lots of responsabilty. Learn to use Bitcoin safely.

For people just getting into the world of cryptocurrencies there are many hidden dangers. Do not part with your hard earned cash till you know what you’re doing!

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