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Well, it's been a crazy 10 years for Bitcoin. Really 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 impact on the world. They no doubt predicted that which is why they chose to disappear from the limelight.

So over a decade later Bitcoin is still alive and stronger than ever. 1000's of other crypto coins have come along since all attempting 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. In case you do not know why then let me explain.

Should you don't know what Bitcoin is I'll just give you a number of temporary 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 Yet

It Is Totally Decentralized Without Anybody Controlling It

It Can't 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 Completely different?

So what makes Bitcoin completely different to all of 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 folks started to see the benefits of Bitcoin and how the worth would increase because of it's fixed provide, it started to develop faster.

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

Builders can upgrade and improve the Bitcoin network but this must be carried out my consensus throughout the entire Bitcoin network. No one single person can control Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are thousands of other cryptocurrencies available now however for example of what makes Bitcoin completely different I will 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 occurs 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 an excellent situation but it's presupposed to show you how your money is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the usual banking system and transferring this cash to North Korea in USD. The US government say hold on a minute, we need 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 authorities are see what's happening. A phone call is made.

"Get Vitalik Buterin in Right here NOW"

The US authorities "places some pressure" on Vitalik and they 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. Sadly Ethererum's credibility can be ruined alongside with it's price.

Ethereum is just an instance, but it's true for every different cryptocurrency.

Bitcoin Can't Be Stopped

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

There isn't anybody to call. There is nobody to place pressure on. The Bitcoin is beyond censorship.

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

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

Study Easy methods to Use Bitcoin

Everyone ought to own some Bitcoin. It isn't without it's dangerous though. If you happen to're new to Bitcoin then you need to be taught as a lot much as you may earlier than you make investments any money. Owning Bitcoin comes with a whole lot of responsabilty. Learn 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 till you know what you're doing!

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