@emiliat953603644
Profil
Registered: pred 1 year, 9 months
Why There Will Never Be Another Bitcoin
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 have been, they've had a profound effect on the world. They little doubt predicted that which is why they selected 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 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.
Should you do not know what Bitcoin is I will just give you a few transient key points:
Bitcoin Is An Online Cryptocurrency
It Has a Maximum Supply of 21 Million
It Cannot Be Solid
Not All Cash Are in Circulation But
It Is Fully Decentralized Without Anybody Controlling It
It Cannot Be Censored
It is Peer to Peer Money
Anyone Can Use It
Bitcoin Has a Fixed Supply Which Decreases Every 4 Years
What Makes Bitcoin Different?
So what makes Bitcoin different to all the hundreds 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 folks started to see the benefits of Bitcoin and the way the value would improve because of it's fixed provide, it started to develop faster.
The Bitcoin blockchain is now spread throughout hundreds of hundreds of laptop all around the world. It has spread beyond the control of any government. It's creator has vanished and now it runs autonomously.
Developers can upgrade and improve the Bitcoin network but this needs to 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 inconceivable to replicate.
There are millions of other cryptocurrencies available now however for instance of what makes Bitcoin completely different I am going to 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 Authorities 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 great situation however it's supposed to show you the way your money 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 authorities say grasp 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 same thing occurs again however this time Iran use the Ethereum blockchain to ship the cash to North Korea. The US government are see what is happening. A phone call is made.
"Get Vitalik Buterin in Right here NOW"
The US authorities "places some pressure" on Vitalik and they 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 would be ruined along with it's price.
Ethereum is just an example, 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 powerless to stop it.
There isn't anybody to call. There isn't abody to place pressure on. The Bitcoin is beyond censorship.
Every different cryptocurrency out there has been created by someone or some company and that will always be the purpose of failure. They're still centralized.
One other instance could be if Vitalik's household were taken hostage.. Bitcoin is beyond any of this and that's the reason it's the safest funding on the planet.
Learn Methods to Use Bitcoin
Everybody should own some Bitcoin. It isn't without it's harmful though. When you're new to Bitcoin then it's best to study as much a lot as you may before you invest any money. Owning Bitcoin comes with numerous responsabilty. Learn to use Bitcoin safely.
For folks just getting into the world of cryptocurrencies there are many hidden dangers. Don't part with your hard earned cash till you know what you are doing!
When you have almost any concerns regarding exactly where and also the way to work with bitcoin circuit app, you can email us from our own web-site.
Website: https://zonecrypto.fr/bitcoin-circuit/
Diskusné Fóra
Počet vytvorených tém: 0
Počet reakcií: 0
Rola: Účastník (Participant)