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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 profound effect on the world. They no 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. Thousands of different crypto coins have come along since all making an attempt 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. Should you don’t know why then let me explain.

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

Bitcoin Is An Online Cryptocurrency

It Has a Maximum Supply of 21 Million

It Cannot Be Forged

Not All Coins Are in Circulation Yet

It Is Absolutely Decentralized Without Anybody Controlling It

It Cannot Be Censored

It’s Peer to Peer Money

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Every four Years

What Makes Bitcoin Different?

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

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

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

Builders can upgrade and improve the Bitcoin network but this needs to be accomplished my consensus throughout the whole Bitcoin network. Nobody single person can management Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are thousands of other cryptocurrencies available now but for instance of what makes Bitcoin different I’ll use Ethereum as example. It is a one of many 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 Authorities 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 isn’t a very good situation however it’s presupposed to show you ways your money is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the standard banking system and transferring this cash to North Korea in USD. The US government say hold 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 occurs again however 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 Right here NOW”

The US authorities “puts 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 earlier than when a hacker stole a significant quantity of funds).

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

Ethereum is just an example, however it’s true for every different cryptocurrency.

Bitcoin Can’t Be Stopped

So the same 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 past censorship.

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

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

Learn The best way to Use Bitcoin

Everyone should own some Bitcoin. It isn’t without it’s harmful though. If you happen to’re new to Bitcoin then it’s best to be taught as a lot much as you can earlier than you make investments any money. Owning Bitcoin comes with a lot of responsabilty. Learn to use Bitcoin safely.

For folks 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 are doing!

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