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 were, they've had a prodiscovered 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. 1000's of different 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 can't be replicated. Should you do not know why then let me explain.

If you happen to do not know what Bitcoin is I am going to just offer you a couple of transient key points:

Bitcoin Is An Online Cryptocurrency
It Has a Most Supply of 21 Million
It Cannot Be Cast
Not All Coins Are in Circulation Yet
It Is Totally Decentralized Without Anybody Controlling It
It Cannot Be Censored
It is Peer to Peer Cash
Anyone Can Use It
Bitcoin Has a Fixed Supply Which Decreases Every four Years
What Makes Bitcoin Completely 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 began to spread slowly amongst a small group of people. It grew organically. When folks started to see the benefits of Bitcoin and how the value would increase as a result of it's fixed supply, it started to grow faster.

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

Builders can upgrade and improve the Bitcoin network however this needs to be executed my consensus all through the whole Bitcoin network. Nobody single individual can management Bitcoin. This is what makes Bitcoin unique and unimaginable to replicate.

There are literally thousands of other cryptocurrencies available now but for instance 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 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 is not a very good situation but it's presupposed to show you ways your cash is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the usual 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 do this straight away and the problem is over.

Second example. The same thing happens again however this time Iran use the Ethereum blockchain to send the cash to North Korea. The US authorities are see what's happening. A phone call is made.

"Get Vitalik Buterin in Here NOW"

The US government "puts some pressure" on Vitalik they usually 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 would be ruined along with it's price.

Ethereum is just an example, but 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 Authorities see this and are energyless to stop it.

There isn't anybody to call. There is nobody to put pressure on. The Bitcoin is past censorship.

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

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

Study The right way to Use Bitcoin

Everyone should own some Bitcoin. It is not without it's dangerous though. When you're new to Bitcoin then it is best to study as a lot a lot as you'll be able to before you invest any money. Owning Bitcoin comes with a variety of responsabilty. Discover ways to use Bitcoin safely.

For people just entering the world of cryptocurrencies there are lots of hidden dangers. Don't part with your hard earned money until you know what you're doing!

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