Why There Will Never Be Another Bitcoin

Well, it’s been a loopy 10 years for Bitcoin. Really it’s over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they had been, they’ve had a prodiscovered impact on the world. They little doubt 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 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 may’t be replicated. Should you do not know why then let me explain.

In the event you don’t know what Bitcoin is I am going to just offer you a few brief key factors:

Bitcoin Is An Online Cryptocurrency

It Has a Most Supply of 21 Million

It Cannot Be Forged

Not All Cash Are in Circulation But

It Is Absolutely 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 Every 4 Years

What Makes Bitcoin Different?

So what makes Bitcoin different to all of the thousands of different 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 people started to see the benefits of Bitcoin and the way the value would improve resulting from it’s fixed supply, it began to grow faster.

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

Developers can upgrade and improve the Bitcoin network however this needs to be done my consensus throughout the entire Bitcoin network. No one single individual can management Bitcoin. This is what makes Bitcoin unique and unattainable to replicate.

There are thousands of different cryptocurrencies available now however for example of what makes Bitcoin different I’ll use Ethereum as example. It is a one of the 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 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 good situation however it’s purported to show you the way your money is safer in Bitcoin!

Anyway.. first example. Iran is utilizing the usual banking system and transferring this cash to North Korea in USD. The US government say hold on a minute, we have to freeze these transactions and confiscate the money.. Easy. They do this straight away and the problem is over.

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