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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 have been, they’ve had a prodiscovered effect on the world. They little question 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. Hundreds of other crypto coins have come alongside 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. If you happen to don’t know why then let me explain.

For those who do not know what Bitcoin is I’ll just give you just a few brief key points:

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 But

It Is Absolutely Decentralized Without Anybody Controlling It

It Can’t Be Censored

It is Peer to Peer Money

Anybody Can Use It

Bitcoin Has a Fixed Supply Which Decreases Every 4 Years

What Makes Bitcoin Totally 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 amongst a small group of people. It grew organically. When folks started to see the benefits of Bitcoin and how the price would improve resulting from it’s fixed supply, it began to grow faster.

The Bitcoin blockchain is now spread across hundreds of hundreds of computer all over 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 however this has to be executed my consensus throughout the entire Bitcoin network. Nobody single individual can management Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are thousands of other cryptocurrencies available now but as an example of what makes Bitcoin totally different I will 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 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 just isn’t an excellent situation but it’s purported to show you the way your money 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 government say dangle on a minute, we need to freeze these transactions and confiscate the money.. Easy. They try this straight away and the problem is over.

Second example. The same thing occurs 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 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. Sadly Ethererum’s credibility could be ruined alongside with it’s price.

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

Bitcoin Cannot 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 is nobody to place pressure on. The Bitcoin is past censorship.

Each different cryptocurrency out there was created by somebody or some firm and that will always be the purpose of failure. They’re still centralized.

Another example would be if Vitalik’s household have been taken hostage.. Bitcoin is past any of this and that is why it’s the safest funding on the planet.

Be taught The best way to Use Bitcoin

Everybody 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 study as a lot a lot as you may before you invest any money. Owning Bitcoin comes with quite a lot of responsabilty. Discover ways to use Bitcoin safely.

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