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Well, it's been a crazy 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 impact on the world. They little 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. Thousands of other crypto coins have come alongside since all making an attempt 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. In case you don't know why then let me explain.  
  
For those who do not know what Bitcoin is I'll just give you a couple of brief key factors:  
  
Bitcoin Is An On-line Cryptocurrency  
It Has a Maximum Supply of 21 Million  
It Can't Be Solid  
Not All Coins Are in Circulation But  
It Is Absolutely 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 Each 4 Years  
What Makes Bitcoin Totally different?  
So what makes Bitcoin completely different to all the thousands of other coins which have been invented since?  
  
When Bitcoin was first invented it began 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 price would increase attributable to it's fixed supply, it began to develop faster.  
  
The Bitcoin blockchain is now spread throughout hundreds of hundreds of pc all over the world. It has spread beyond the control of any government. It's creator has vanished and now it runs autonomously.  
  
Builders can upgrade and improve the Bitcoin network however this has to be done my consensus throughout the entire Bitcoin network. Nobody single particular person can control Bitcoin. This is what makes Bitcoin unique and inconceivable to replicate.  
  
There are millions of other cryptocurrencies available now but for instance of what makes Bitcoin completely different I will use Ethereum as example. It is 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 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 a superb situation but it's speculated to show you ways your money 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 hang 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 identical thing occurs once more but this time Iran use the Ethereum blockchain to ship 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 authorities "puts some pressure" on Vitalik they usually make him roll back the blockchain and cancel Iran's transactions. (The Ethereum blockchain has really been rolled back earlier than when a hacker stole a significant amount of funds).  
  
Problem solved. Unfortunately Ethererum's credibility can be ruined alongside with it's price.  
  
Ethereum is just an instance, however it's true for each different cryptocurrency.  
  
Bitcoin Cannot 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 abody to call. There is nobody to put pressure on. The Bitcoin is past censorship.  
  
Every other cryptocurrency out there was created by someone or some firm 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 past any of this and that is why it's the safest funding on the planet.  
  
Be taught Find out how to Use Bitcoin  
  
Everybody ought to own some Bitcoin. It's not without it's harmful though. If you happen to're new to Bitcoin then you must be taught as a lot much as you possibly can before you make investments any money. Owning Bitcoin comes with a whole lot of responsabilty. Learn how to use Bitcoin safely.  
  
For people just coming into the world of cryptocurrencies there are many hidden dangers. Don't part with your hard earned money until you know what you're doing!  
  
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