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Well, it's been a loopy 10 years for Bitcoin. Truly it's over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they had been, they've had a profound effect on the world. They little question predicted that which is why they chose to vanish 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 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. Should you do not know why then let me explain.  
  
If you do not know what Bitcoin is I am going to just give you just a few transient key points:  
  
Bitcoin Is An On-line Cryptocurrency  
It Has a Most Supply of 21 Million  
It Can't Be Forged  
Not All Cash Are in Circulation But  
It Is Fully Decentralized Without Anybody Controlling It  
It Can't Be Censored  
It's 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 completely different to all of the thousands of other 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 worth would increase on account of it's fixed supply, it started to grow faster.  
  
The Bitcoin blockchain is now spread throughout hundreds of 1000's of pc everywhere in the world. It has spread beyond the management of any government. It is creator has vanished and now it runs autonomously.  
  
Developers can upgrade and improve the Bitcoin network but this must be performed my consensus throughout the entire Bitcoin network. No one single individual can management Bitcoin. This is what makes Bitcoin distinctive and inconceivable to replicate.  
  
There are millions of other cryptocurrencies available now but as an example of what makes Bitcoin 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 final 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 however it's purported to show you how your money 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 cling on a minute, we need to freeze these transactions and confiscate the money.. Easy. They try this straight away and the problem is over.  
  
Second example. The identical thing happens once more however this time Iran use the Ethereum blockchain to ship the cash to North Korea. The US government are see what is happening. A phone call is made.  
  
"Get Vitalik Buterin in Right 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 actually been rolled back earlier than when a hacker stole a significant quantity of funds).  
  
Problem solved. Unfortunately Ethererum's credibility would be ruined along with it's price.  
  
Ethereum is just an instance, however it's true for every other cryptocurrency.  
  
Bitcoin Can't Be Stopped  
  
So the same thing occurs again. This time Iran use Bitcoin as their payment method. The US Government see this and are powerless to stop it.  
  
There is nobody to call. There is no such thing as abody to put pressure on. The Bitcoin is beyond censorship.  
  
Each other cryptocurrency out there has been created by somebody or some firm and that will always be the point of failure. They're still centralized.  
  
One other instance would 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.  
  
Learn The right way to Use Bitcoin  
  
Everybody ought to own some Bitcoin. It's not without it's dangerous though. In the event you're new to Bitcoin then you need to be taught as much a lot as you'll be able to earlier than you make investments any money. Owning Bitcoin comes with a number of responsabilty. Discover ways to use Bitcoin safely.  
  
For folks just coming into the world of cryptocurrencies there are lots of hidden dangers. Don't part with your hard earned money till you know what you're doing!  
  
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