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 impact on the world. They no 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 other crypto coins have come along since all making an attempt to imitate the king of Crypto. All have failed and will continue to fail. Bitcoin is one a kind. Something that can't be replicated. In case you do not know why then let me explain.

For those who do not know what Bitcoin is I am going to just give you a couple of brief key points:

Bitcoin Is An Online Cryptocurrency
It Has a Maximum Supply of 21 Million
It Cannot Be Forged
Not All Coins 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 4 Years
What Makes Bitcoin Different?
So what makes Bitcoin different to all of the 1000's 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 the way the value would increase resulting from it's fixed supply, it began to develop faster.

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

Developers can upgrade and improve the Bitcoin network however this must be achieved my consensus all through the whole Bitcoin network. Nobody single individual can management Bitcoin. This is what makes Bitcoin unique and not possible to replicate.

There are thousands of other cryptocurrencies available now however for example of what makes Bitcoin totally different I will use Ethereum as example. It's a one of many biggest Alt coins right 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 occurs 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 will not be a great situation however it's alleged to show you the way your cash is safer in Bitcoin!

Anyway.. first example. Iran is using the usual banking system and transferring this money to North Korea in USD. The US government say dangle on a minute, we need 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 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 actually been rolled back earlier than when a hacker stole a significant amount of funds).

Problem solved. Unfortunately Ethererum's credibility could be ruined along with it's price.

Ethereum is just an instance, but it's true for each different cryptocurrency.

Bitcoin Cannot Be Stopped

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

There is no such thing as abody to call. There is no such thing as abody to place pressure on. The Bitcoin is past censorship.

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

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

Be taught The best way to Use Bitcoin

Everyone ought to own some Bitcoin. It's not without it's dangerous though. For those who're new to Bitcoin then you should learn as much much as you'll be able to earlier than you invest any money. Owning Bitcoin comes with numerous responsabilty. Learn to use Bitcoin safely.

For folks just entering the world of cryptocurrencies there are many hidden dangers. Don't part with your hard earned money till you know what you are doing!

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