Topic: Controlling Bitcoin (Read 279 times)
Bitcoin has long been handed out to be managed by one developer like bitcoin.org and the developer has certainly been able to control bitcoin but all decisions taken by the developer are always discussed first by taking the deal from various groups of bitcoin users. so the control of bitcoin is not really fully done by the developer because the user groups are involved in the decision making on bitcoin control. All of which are aimed at the development of bitcoin in the future for much better acceptance and use by everyone.
The principle of decentralization of bitcoins is violated by because of attempts to unite the miners into very large pools, which in turn by creating a majority and thus can support, some serious changes or separation in the network bitcoin. So if the merger of the miners continues
bitcoin may lose decentralization.
I think so.
I have a problem, Who are the people that controlling the bitcoin now. We already know that bitcoin is developed by unknown group with hypothetical name called “satoshi nakamoto”. However who takes the decisions regarding bitcoin for upgrades and various other things now?
The control is always in the hands of people who has highest stakes of it.It is the prime principle of the corporate world and it implies in the cryptoworld too. "Satoshi Nakamoto" was founder and he had control when it new and no one had invested in it.Now big whales has invested loads of money to attain the control,May it be indirect one but they have the control and things are definitely panning in their way. No one truly controls bitcoin. That is the point.
Bitcoin is a digital currency, its nature is hierarchical, so no one or any organization can control it. Decisions about upgrading Bitcoin or hardfork will only take place when acceptance comes from the vast majority of the community. However, according to some information I know, currently, there are a large group of people who own a relatively large number of Bitcoins, they are linked together to be able to adjust Bitcoin prices. This is just my opinion
No one controls bitcoin. The problem is the price can be manipulated by a rich individual or groups. They can put money to increase the price and later pull out the money they invested to get profits.
Bitcoin does not belong to anyone. This technology can be used by anyone. It is not controlled by any Central Bank, and the person who first proposed to use bitcoin for several years does not make itself felt.
I have a problem, Who are the people that controlling the bitcoin now. We already know that bitcoin is developed by unknown group with hypothetical name called “satoshi nakamoto”. However who takes the decisions regarding bitcoin for upgrades and various other things now?
People holding bitcoins in large amount may be manipulating the prices but I guess very less people have that much amount. Most of these will be holding for long term and are expecting levels like $100000.
I have a problem, Who are the people that controlling the bitcoin now. We already know that bitcoin is developed by unknown group with hypothetical name called “satoshi nakamoto”. However who takes the decisions regarding bitcoin for upgrades and various other things now?
I don't think you'll ever find a perfect answer to this question of yours cause no one knows the correct answer. Firstly satoshi was a person not a group. Now as to who controls bitcoins officially no one does. However the people with hash say higher hash percentages are the one who controls it, now who those are I don't think anyone can say as I feel no one knows, I don't think people will reveal their identity.
I have a problem, Who are the people that controlling the bitcoin now. We already know that bitcoin is developed by unknown group with hypothetical name called “satoshi nakamoto”. However who takes the decisions regarding bitcoin for upgrades and various other things now?
For now it's being handle by community itself, if you interest to support or check whom support development it so far, there is link about it https://bitcoin.org/en/development . For any crucial development updates, i think it has consensus meet. I have a problem, Who are the people that controlling the bitcoin now. We already know that bitcoin is developed by unknown group with hypothetical name called “satoshi nakamoto”. However who takes the decisions regarding bitcoin for upgrades and various other things now?
I do not think that some people can control bitcoins now. Most of the big whales had already exit bitcoins when it was at $20000 level recently.
Bitcoin is controlled by rich people who have a lot of money, they are investors, if they are still interested and put aside their wealth and investment, bitcoin will remain valuable, if they are not interested and sell all their coins, the possibility of bitcoin will fall, investors are in control of bitcoin
No one controls Bitcoin, just as no one controls the technology of email operation. Bitcoin is controlled by all its users worldwide. Developers can indeed improve Bitcoin software, but they can not enforce changes in the Bitcoin protocol because all users are free to choose the software and versionthey want to use.
I think not just controlling bitcoin especially with its many holders that do not sell the hold on the bitcoin that should be done is just hold to earn big
I have a problem, Who are the people that controlling the bitcoin now. We already know that bitcoin is developed by unknown group with hypothetical name called “satoshi nakamoto”. However who takes the decisions regarding bitcoin for upgrades and various other things now?
I believe bitcoin has its own staffs though, “satoshi nakamoto” cant do it by his self. Regardless of all the datas coming from the bitcoins different projects. We can’t see it clearly cuz, we should open our minds onto their capability, though stuffs like these aren’t our problem actually.
Check this out mate, Bitcoin Improvement Proposals, you might have not read this. So if you want some upgrades, you can make a proposal and the network will vote.
I have a problem, Who are the people that controlling the bitcoin now. We already know that bitcoin is developed by unknown group with hypothetical name called “satoshi nakamoto”. However who takes the decisions regarding bitcoin for upgrades and various other things now?
Bitcoin is just a currency under the modern technology, bitcoin is also call internet currency and the king of all digital money. I read many article here in the forum said that no one controlling bitcoin at the present time.
People always seem to have some pretty interesting ideas on how "control" supposedly works in Bitcoin. In my own personal view, everyone has just enough control in order to make it so that no one has overall control. Users, developers and miners all contribute, but none of them can unilaterally force a change on the network which the other participants don't agree with. The alignment of incentives usually keeps everything in check, but when there is a strong disagreement and consensus can't be achieved, users, devs and miners are all free to leave and use another chain which can then compete on the open market for survival.
In the very early days of Bitcoin, Satoshi was indeed in control of the project, but things have changed drastically since then. Now, any new proposed changes are peer-reviewed and tested fully before being added to the codebase. And both users and miners then have to agree to run that codebase before any change can be fully implemented.
I agree with your opinion, People controls the bitcoin. Miners, investors and users are dynamically contribute to the welfare of bitcoin. Though there is a person behind its foundation. Bitcoin was made to stand on its own and in fact, it was made to control by everyone. Bitcoin is decentralized, that's why every individual has a function in bitcoin. In the very early days of Bitcoin, Satoshi was indeed in control of the project, but things have changed drastically since then. Now, any new proposed changes are peer-reviewed and tested fully before being added to the codebase. And both users and miners then have to agree to run that codebase before any change can be fully implemented.
Firstly, we don't know if "Satoshi Nakamoto" was a group or an individual, its all a mystery. Secondly , there are hundreds of people out there who owns thousands of BTC , these people include the early investors of BTC, hackers who have stolen millions worth of BTC and some big whales like Roger Ver, Goldman Sachs etc... All these people manipulate the price of BTC through their influence .
People always seem to have some pretty interesting ideas on how "control" supposedly works in Bitcoin. In my own personal view, everyone has just enough control in order to make it so that no one has overall control. Users, developers and miners all contribute, but none of them can unilaterally force a change on the network which the other participants don't agree with. The alignment of incentives usually keeps everything in check, but when there is a strong disagreement and consensus can't be achieved, users, devs and miners are all free to leave and use another chain which can then compete on the open market for survival.
In the very early days of Bitcoin, Satoshi was indeed in control of the project, but things have changed drastically since then. Now, any new proposed changes are peer-reviewed and tested fully before being added to the codebase. And both users and miners then have to agree to run that codebase before any change can be fully implemented.
In the very early days of Bitcoin, Satoshi was indeed in control of the project, but things have changed drastically since then. Now, any new proposed changes are peer-reviewed and tested fully before being added to the codebase. And both users and miners then have to agree to run that codebase before any change can be fully implemented.
How to control the situation in bitcoin crypto world are not necessarily indeed because even the owner or organizer doesn't sure if they are already controlling bitcoin. All of us in there are wanting to survive.
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