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Well, it’s been a loopy 10 years for Bitcoin. Actually it’s over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they had been, they’ve had a prodiscovered impact on the world. They no doubt predicted that which is why they chose to disappear 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 proceed to fail. Bitcoin is one a kind. Something that may’t be replicated. When you don’t know why then let me explain.

For those who do not know what Bitcoin is I will just offer you a couple of temporary key points:

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Cast

Not All Coins Are in Circulation But

It Is Totally Decentralized Without Anybody Controlling It

It Cannot Be Censored

It is Peer to Peer Cash

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Each four Years

What Makes Bitcoin Completely different?

So what makes Bitcoin completely different to all of the hundreds of other coins which have been invented since?

When Bitcoin was first invented it began to spread slowly among a small group of people. It grew organically. When individuals started to see the benefits of Bitcoin and the way the value would improve resulting from it’s fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of computer all around the world. It has spread beyond the management of any government. It is creator has vanished and now it runs autonomously.

Developers can upgrade and improve the Bitcoin network but this has to be accomplished my consensus throughout the whole Bitcoin network. Nobody single particular person can control Bitcoin. This is what makes Bitcoin distinctive and unimaginable to replicate.

There are literally thousands of different cryptocurrencies available now however for example of what makes Bitcoin different I’ll use Ethereum as example. It’s 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 happens on Ethereum.

Censorship And Government Interference

For this instance let’s imagine that Iran is sending billions of dollars to North Korea to fund their new nuclear weapons program. This is not an excellent situation however it’s presupposed to show you the way your money 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 that straight away and the problem is over.

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

“Get Vitalik Buterin in Here NOW”

The US authorities “puts some pressure” on Vitalik and so 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 amount of funds).

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

Ethereum is just an example, 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 anybody to call. There isn’t anybody to put pressure on. The Bitcoin is beyond censorship.

Every other cryptocurrency out there has been created by someone or some company and that will always be the purpose of failure. They’re still centralized.

One other example can be if Vitalik’s family have been taken hostage.. Bitcoin is past any of this and that is why it’s the safest funding on the planet.

Learn The best way to Use Bitcoin

Everybody should own some Bitcoin. It isn’t without it’s harmful though. When you’re new to Bitcoin then you must learn as a lot a lot as you can earlier than you invest any money. Owning Bitcoin comes with plenty of responsabilty. Learn how to use Bitcoin safely.

For individuals just coming into the world of cryptocurrencies there are many hidden dangers. Don’t part with your hard earned money till you know what you are doing!

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