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 profound effect on the world. They little 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. Hundreds of different 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 can’t be replicated. If you don’t know why then let me explain.

If you don’t know what Bitcoin is I am going to just provide you with just a few brief key factors:

Bitcoin Is An On-line Cryptocurrency

It Has a Most Supply of 21 Million

It Cannot Be Solid

Not All Coins Are in Circulation Yet

It Is Totally Decentralized Without Anybody Controlling It

It Cannot Be Censored

It’s 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 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 folks started to see the benefits of Bitcoin and the way the value would improve on account of it’s fixed supply, it started to grow faster.

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

Builders can upgrade and improve the Bitcoin network however this has to be completed my consensus all through the whole Bitcoin network. Nobody single particular person can management Bitcoin. This is what makes Bitcoin unique and inconceivable to replicate.

There are millions of different cryptocurrencies available now however for example of what makes Bitcoin completely different I’ll use Ethereum as example. It is a one of the 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 ultimate say on any development that happens 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 will not be a very good situation but it’s presupposed to show you how your cash 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 government say hang on a minute, we have to freeze these transactions and confiscate the money.. Easy. They do that straight away and the problem is over.

Second example. The identical thing happens again however this time Iran use the Ethereum blockchain to send the money 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 «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 earlier than when a hacker stole a significant amount 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 Government see this and are energyless to stop it.

There isn’t anybody to call. There isn’t anybody to put pressure on. The Bitcoin is past censorship.

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

Another instance 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 one can Use Bitcoin

Everybody should own some Bitcoin. It isn’t without it’s dangerous though. In the event you’re new to Bitcoin then you should be taught as much much as you may before you invest any money. Owning Bitcoin comes with a number of responsabilty. Discover ways to use Bitcoin safely.

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

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