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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 profound impact on the world. They no 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. Thousands of different 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 can’t be replicated. When you don’t know why then let me explain.

In case you don’t know what Bitcoin is I will just provide you with just a few brief key points:

Bitcoin Is An On-line Cryptocurrency

It Has a Most Supply of 21 Million

It Can’t Be Solid

Not All Cash Are in Circulation Yet

It Is Fully 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 Every four Years

What Makes Bitcoin Totally different?

So what makes Bitcoin totally 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 people started to see the benefits of Bitcoin and the way the value would improve resulting from it’s fixed supply, it started to develop faster.

The Bitcoin blockchain is now spread throughout hundreds of 1000’s of pc all over the world. It has spread past the management of any government. It’s creator has vanished and now it runs autonomously.

Builders can upgrade and improve the Bitcoin network however this has to be accomplished my consensus all through the whole Bitcoin network. No one single individual can control Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are literally thousands of other cryptocurrencies available now but as an example of what makes Bitcoin different I will 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 final say on any development that occurs 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 just isn’t an excellent situation however it’s alleged to show you ways 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 have to freeze these transactions and confiscate the money.. Easy. They try 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 Right here NOW”

The US government “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 before when a hacker stole a significant quantity of funds).

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

Ethereum is just an instance, however it’s true for every 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 energyless to stop it.

There is no such thing as abody to call. There is nobody 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 purpose of failure. They’re still centralized.

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

Learn How to Use Bitcoin

Everybody ought to own some Bitcoin. It’s not without it’s dangerous though. If you happen to’re new to Bitcoin then you need to be taught as a lot a lot as you’ll be able to earlier than you invest any money. Owning Bitcoin comes with quite a lot of responsabilty. Learn how to use Bitcoin safely.

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

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