Forum

Well, it's been a crazy 10 years for Bitcoin. Truly 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. 1000's of other crypto coins have come alongside since all attempting to imitate the king of Crypto. All have failed and will proceed to fail. Bitcoin is one a kind. Something that may't be replicated. In the event you do not know why then let me explain.  
  
Should you do not know what Bitcoin is I will just offer you a number of transient key points:  
  
Bitcoin Is An Online Cryptocurrency  
It Has a Most Supply of 21 Million  
It Cannot Be Cast  
Not All Cash Are in Circulation But  
It Is Fully Decentralized Without Anybody Controlling It  
It Can't Be Censored  
It is Peer to Peer Cash  
Anybody Can Use It  
Bitcoin Has a Fixed Supply Which Decreases Each four Years  
What Makes Bitcoin Different?  
So what makes Bitcoin different to all of the hundreds 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 the way the value would increase due to it's fixed provide, it began to develop faster.  
  
The Bitcoin blockchain is now spread throughout hundreds of 1000's of computer everywhere in the world. It has spread beyond the management of any government. It's creator has vanished and now it runs autonomously.  
  
Developers can upgrade and improve the Bitcoin network but this has to be achieved my consensus throughout the entire Bitcoin network. Nobody single particular person can control Bitcoin. This is what makes Bitcoin distinctive and unimaginable to replicate.  
  
There are literally thousands of different cryptocurrencies available now however for instance of what makes Bitcoin different I will use Ethereum as example. It's 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 Government Interference  
  
For this instance 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 however it's imagined to show you the way your money is safer in Bitcoin!  
  
Anyway.. first example. Iran is utilizing the standard 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 that straight away and the problem is over.  
  
Second example. The identical thing happens once more however this time Iran use the Ethereum blockchain to send the money to North Korea. The US authorities are see what is happening. A phone call is made.  
  
"Get Vitalik Buterin in Right 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 truly been rolled back earlier than when a hacker stole a significant quantity of funds).  
  
Problem solved. Sadly 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 Can't 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 is nobody to call. There is no such thing as abody to put pressure on. The Bitcoin is past censorship.  
  
Each other cryptocurrency out there was created by somebody or some firm and that will always be the purpose of failure. They're still centralized.  
  
Another instance can be if Vitalik's family were taken hostage.. Bitcoin is beyond any of this and that is why it's the safest investment on the planet.  
  
Learn Easy methods to Use Bitcoin  
  
Everybody ought to own some Bitcoin. It's not without it's harmful though. When you're new to Bitcoin then you should study as a lot a lot as you'll be able to earlier than you invest any money. Owning Bitcoin comes with a number of responsabilty. Discover ways to use Bitcoin safely.  
  
For people just entering the world of cryptocurrencies there are many hidden dangers. Do not part with your hard earned money till you know what you're doing!  
  
In case you liked this short article and you would like to get more information about bitcoin profit site web generously visit our web site.