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

So over a decade later Bitcoin is still alive and stronger than ever. Hundreds of different crypto coins have come alongside 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 may’t be replicated. Should you do not know why then let me explain.

In case you don’t know what Bitcoin is I will just offer you a number of transient key factors:

Bitcoin Is An On-line Cryptocurrency

It Has a Maximum Supply of 21 Million

It Can’t Be Cast

Not All Cash Are in Circulation Yet

It Is Fully Decentralized Without Anybody Controlling It

It Can’t Be Censored

It’s Peer to Peer Cash

Anyone Can Use It

Bitcoin Has a Fixed Supply Which Decreases Every four Years

What Makes Bitcoin Completely different?

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

When Bitcoin was first invented it started to spread slowly amongst a small group of people. It grew organically. When individuals started to see the benefits of Bitcoin and the way the price would improve as a result of it’s fixed supply, it started to grow faster.

The Bitcoin blockchain is now spread across hundreds of thousands of computer everywhere in 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 needs to be accomplished my consensus throughout the entire Bitcoin network. No one single person can management Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are thousands of different cryptocurrencies available now however as an example of what makes Bitcoin different I am going to use Ethereum as example. It’s 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 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 just isn’t a very good situation however it’s supposed to show you the way your money is safer in Bitcoin!

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

Second example. The identical thing happens again 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 Here NOW”

The US government “puts some pressure” on Vitalik they usually make him roll back the blockchain and cancel Iran’s transactions. (The Ethereum blockchain has actually been rolled back earlier than 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, however it’s true for every other cryptocurrency.

Bitcoin Can’t Be Stopped

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

There is no such thing as abody to call. There isn’t abody to place pressure on. The Bitcoin is past censorship.

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

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

Be taught Learn how to Use Bitcoin

Everyone ought to own some Bitcoin. It’s not without it’s harmful though. When you’re new to Bitcoin then it’s best to learn as much much as you may before you invest any money. Owning Bitcoin comes with a whole lot of responsabilty. Learn how to use Bitcoin safely.

For people just entering the world of cryptocurrencies there are lots of hidden dangers. Do not part with your hard earned cash till you know what you are doing!

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