Well, it’s been a loopy 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 prodiscovered effect on the world. They little doubt predicted that which is why they chose to vanish from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. Thousands of other crypto coins have come along since all making an attempt to imitate the king of Crypto. All have failed and will proceed to fail. Bitcoin is one a kind. Something that may’t be replicated. If you happen to do not know why then let me explain.

When you don’t know what Bitcoin is I’ll just offer you just a few brief key points:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Can’t Be Cast

Not All Coins Are in Circulation But

It Is Fully Decentralized Without Anybody Controlling It

It Can’t Be Censored

It’s Peer to Peer Money

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 thousands 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 the way the worth would improve attributable to it’s fixed supply, it started to develop faster.

The Bitcoin blockchain is now spread across hundreds of hundreds of pc all over the world. It has spread beyond 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 whole Bitcoin network. No one single person can management Bitcoin. This is what makes Bitcoin unique and impossible to replicate.

There are thousands of other cryptocurrencies available now but for instance of what makes Bitcoin totally different I will 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 ultimate say on any development that occurs on Ethereum.

Censorship And Government 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 isn’t a very good situation but it’s purported to show you the way your cash is safer in Bitcoin!

Anyway.. first example. Iran is using the standard banking system and transferring this cash to North Korea in USD. The US authorities say grasp on a minute, we need to freeze these transactions and confiscate the money.. Easy. They do that straight away and the problem is over.

Second example. The identical thing happens once more however this time Iran use the Ethereum blockchain to ship the money to North Korea. The US government are see what’s happening. A phone call is made.

«Get Vitalik Buterin in Right here NOW»

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

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

Ethereum is just an instance, however it’s true for each other cryptocurrency.

Bitcoin Can’t Be Stopped

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

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

Every different cryptocurrency out there was created by somebody or some company and that will always be the purpose of failure. They are still centralized.

Another instance can be if Vitalik’s family were taken hostage.. Bitcoin is beyond any of this and that’s the reason it’s the safest investment on the planet.

Learn Tips on how to Use Bitcoin

Everyone ought to own some Bitcoin. It is not without it’s dangerous though. If you happen to’re new to Bitcoin then it’s best to be taught as a lot much as you’ll be able to before you invest any money. Owning Bitcoin comes with a lot of responsabilty. Learn how to use Bitcoin safely.

For people just entering the world of cryptocurrencies there are lots of hidden dangers. Don’t part with your hard earned money until you know what you’re doing!

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