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 had been, they've had a profound effect on the world. They little question 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 other crypto coins have come alongside since all trying 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. When you do not know why then let me explain.

In the event you don't know what Bitcoin is I am going to just provide you with a few transient key points:

Bitcoin Is An Online Cryptocurrency
It Has a Maximum Supply of 21 Million
It Can't Be Forged
Not All Coins Are in Circulation But
It Is Absolutely Decentralized Without Anybody Controlling It
It Can't Be Censored
It is Peer to Peer Cash
Anyone Can Use It
Bitcoin Has a Fixed Supply Which Decreases Every 4 Years
What Makes Bitcoin Totally different?
So what makes Bitcoin different to all the thousands of different 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 individuals started to see the benefits of Bitcoin and the way the value would enhance attributable to it's fixed supply, it started to develop faster.

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

Developers can upgrade and improve the Bitcoin network but this needs to be performed my consensus throughout the entire Bitcoin network. Nobody single person can management Bitcoin. This is what makes Bitcoin unique and not possible to replicate.

There are thousands of other cryptocurrencies available now however for instance of what makes Bitcoin completely different I will use Ethereum as example. It's a one of many biggest Alt coins proper 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 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 just not a good situation but it's imagined to show you the way your cash is safer in Bitcoin!

Anyway.. first example. Iran is using the standard 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 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 cash to North Korea. The US government are see what is happening. A phone call is made.

"Get Vitalik Buterin in 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 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 Government see this and are energyless to stop it.

There is nobody to call. There is nobody to place pressure on. The Bitcoin is beyond censorship.

Every other cryptocurrency out there was created by somebody or some company and that will always be the purpose of failure. They're still centralized.

Another instance would be if Vitalik's family had been taken hostage.. Bitcoin is beyond any of this and that's the reason it's the safest funding on the planet.

Learn Find out how to Use Bitcoin

Everyone ought to own some Bitcoin. It isn't without it's dangerous though. If you're new to Bitcoin then you should study as much much as you can earlier than you make investments any money. Owning Bitcoin comes with quite a lot of responsabilty. Learn to use Bitcoin safely.

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

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