@ronniehalfey
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Why There Will Never Be Another Bitcoin
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 no 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. Thousands of other crypto coins have come along since all trying 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. Should you don't know why then let me explain.
In the event you don't know what Bitcoin is I am going to just give you a few transient key factors:
Bitcoin Is An On-line Cryptocurrency
It Has a Maximum Supply of 21 Million
It Cannot Be Forged
Not All Coins Are in Circulation Yet
It Is Absolutely Decentralized Without Anybody Controlling It
It Cannot Be Censored
It is Peer to Peer Cash
Anyone Can Use It
Bitcoin Has a Fixed Supply Which Decreases Each four Years
What Makes Bitcoin Completely different?
So what makes Bitcoin totally different to all of the 1000's of other 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 individuals started to see the benefits of Bitcoin and the way the value would improve resulting from it's fixed provide, it began to develop faster.
The Bitcoin blockchain is now spread across hundreds of hundreds of laptop 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 however this must be done my consensus all through the whole Bitcoin network. No one single particular person can control Bitcoin. This is what makes Bitcoin unique and impossible to replicate.
There are millions of different cryptocurrencies available now but as an example of what makes Bitcoin totally different I will 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 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 is not a superb situation but it's supposed to show you the way your cash is safer in Bitcoin!
Anyway.. first example. Iran is utilizing the standard banking system and transferring this cash to North Korea in USD. The US authorities say cling 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 once more but 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 government "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 before when a hacker stole a significant quantity of funds).
Problem solved. Unfortunately Ethererum's credibility would be ruined alongside with it's price.
Ethereum is just an instance, but it's true for every other cryptocurrency.
Bitcoin Cannot Be Stopped
So the identical thing occurs again. This time Iran use Bitcoin as their payment method. The US Government see this and are energyless 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.
Every different cryptocurrency out there was created by someone or some firm and that will always be the purpose of failure. They are still centralized.
Another example can be if Vitalik's family had 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 should own some Bitcoin. It is not without it's dangerous though. In the event you're new to Bitcoin then you should study as a lot a lot as you'll be able to earlier than you make investments any money. Owning Bitcoin comes with a lot of responsabilty. Discover ways to use Bitcoin safely.
For individuals just coming into the world of cryptocurrencies there are lots of hidden dangers. Don't part with your hard earned cash till you know what you are doing!
If you are you looking for more info about Bitcoineer have a look at the web site.
Website: https://bitcoineerai.com/it/
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