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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 were, 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. Thousands of different crypto coins have come along since all attempting 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. If you happen to don't know why then let me explain.

If you do not know what Bitcoin is I am going to just provide you with a couple of temporary key factors:

Bitcoin Is An On-line Cryptocurrency

It Has a Most Supply of 21 Million

It Cannot Be Cast

Not All Cash Are in Circulation Yet

It Is Totally Decentralized Without Anybody Controlling It

It Can't Be Censored

It is Peer to Peer Money

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 the hundreds of other 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 people started to see the benefits of Bitcoin and how the price would enhance due to it's fixed supply, it began to develop faster.

The Bitcoin blockchain is now spread throughout hundreds of 1000's of computer 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 but this needs to be executed my consensus throughout the whole Bitcoin network. No one single individual can control Bitcoin. This is what makes Bitcoin distinctive and inconceivable to replicate.

There are literally thousands of other cryptocurrencies available now but for instance of what makes Bitcoin totally different I am going to 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 happens 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 shouldn't be a great situation but it's purported to show you the way your money 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 authorities 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 same thing happens once more however this time Iran use the Ethereum blockchain to send the money to North Korea. The US government 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 before when a hacker stole a significant amount of funds).

Problem solved. Unfortunately Ethererum's credibility would be ruined alongside with it's price.

Ethereum is just an instance, however it's true for every other cryptocurrency.

Bitcoin Cannot Be Stopped

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

There is no such thing as abody to call. There is nobody to put 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 point of failure. They are still centralized.

One other instance could be if Vitalik's household have been taken hostage.. Bitcoin is past any of this and that's the reason it's the safest investment on the planet.

Study How you can Use Bitcoin

Everybody ought to own some Bitcoin. It isn't without it's harmful though. When you're new to Bitcoin then it is best to learn as much much as you may before you make investments any money. Owning Bitcoin comes with a number of responsabilty. Discover ways to use Bitcoin safely.

For people just getting 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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