Well, it was crazy 10 years for Bitcoin. In fact, it is more than 10 years that Bitcoin was created for the first time by Satoshi Nakamoto. He who she was, they were, they had a profound effect on the world. They undoubtedly predicted that that is why they chose to disappear from the fimilote.
So, more than a decade later, Bitcoin is still alive and stronger than ever. Thousands of other pieces of crypto have come from all attempts to imitate the King of Crypto. All failed and will continue to fail. Bitcoin is a kind. Something that can not be replicated. If you do not know why then let me explain.
If you do not know what Bitcoin is, I’ll just give you some brief key points:
Bitcoin is an online cryptocurrence
It has a maximum offer of 21 million
It can not be forged
All rooms are not yet outstanding
It is completely decentralized without anyone controlling
It can not be censored
It’s pair of handmark
Everyone can use it
Bitcoin has a fixed offer that decreases every 4 years
What makes Bitcoin different?
So, what makes Bitcoin different from all thousands of other pieces that have been invented since?
When Bitcoin was invented for the first time, he started spreading slowly among a small group of people. He grew up biologically. When people started seeing the benefits of Bitcoin and how the price would increase because of its fixed supply, it started to grow faster.
Bitcoin Blockchain now spreads on hundreds of thousands of computers around the world. He propagated beyond the control of any government. It’s Creator disappeared and it now works independently.
Developers can upgrade and improve the Bitcoin network, but this must be made my consensus throughout the Bitcoin network. No single person can control Bitcoin. This is what makes Bitcoin unique and impossible to reproduce.
There are thousands of other cryptocurrences available now, but as an example of what makes bitcoin different, I will use Ethereum as an example. It is one of the biggest coins of the Alt right now and has since been invented in 2015 by Vitalik Buterin.
VITALIK controls the Enthérium blockchain and essentially the last example of any development that occurs on Ethereum.
Censorship and government interference
For this example, imagine that Iran sends billions of dollars to North Korea to finance their new nuclear weapon program. It’s not a good situation, but it’s supposed to show you how your money is safer in Bitcoin!
Anyway .. first example. Iran uses the standard banking system and transferring this money to North Korea in USD. The US government says a minute, we have to freeze these transactions and confiscate the money .. Easy. They do it right away and the problem is over.
Second example. The same thing comes again, but this time, Iran uses the Blockchain Etherum to send money to North Korea. The US government sees what is happening. A phone call is made.
“Get Vitalik Buterin here now”
The US government “puts some pressure on Vitalik and rolling the blockchain and cancel Iran’s transactions. (Blockchain enthérium has actually been returned before the time a hacker has stolen a large amount of funds).
Problem solved. Unfortunately, the credibility of ethererum would be ruined with its price.
Ethereum is just one example, but it’s true for all other cryptocurrences.
Bitcoin can not be stopped
So, the same thing happens again. This time, Iran uses Bitcoin as a payment method. The US government see this and is helpless to stop it.
There is no one to call. There is no one to put pressure. Bitcoin is beyond censorship.
All other cryptocurrences were created by a person or company and who will always be the checkpoint. They are always centralized.
Another example would be if the Vitalik family was taken hostage. Bitcoin is beyond that and that’s why it’s the safest investment on the planet.