Who manages all the funds that go through it?
ICANN
Topic: What company is in charge of the Bitcoin network? (Read 1194 times)
ICANN
Locking this thread.
FFS... Why are you guys replying to a 9 months old thread when the OP isn't even around anymore?
FFS... Why are you guys replying to a 9 months old thread when the OP isn't even around anymore?
Quote
Name: Cara Navarre
Posts: 29
Position: Jr. Member
Date Registered: August 17, 2012, 05:43:34 AM
Last Active: August 19, 2012, 12:51:03 PM
Posts: 29
Position: Jr. Member
Date Registered: August 17, 2012, 05:43:34 AM
Last Active: August 19, 2012, 12:51:03 PM
All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have).
Not quite. It's the miners, and they don't have to hold the bitcoins for long - just sell them asap for an operational profit.
Yes that is corect. But the more you have, the more power you have ( you can speculate whit the price and etc). I am not talking about 1000-10000 BTC. I am talking for people whit more then 10 000 BTC.
That will be me then! Oh wait.. I only have 0.004
No company is supervising that !
Right on. Lame.
Doing time in noobie holding pen ... 
Same here. At least they have to give us water and bread
.
Doing time in noobie holding pen ...
Troll?
All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have).
Not quite. It's the miners, and they don't have to hold the bitcoins for long - just sell them asap for an operational profit.
Yes that is corect. But the more you have, the more power you have ( you can speculate whit the price and etc). I am not talking about 1000-10000 BTC. I am talking for people whit more then 10 000 BTC.
All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have).
Not quite. It's the miners, and they don't have to hold the bitcoins for long - just sell them asap for an operational profit.
All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have).
Okay, so the rules and who owns what is agreed by consensus in the computing network?
Gotcha. Also, I just read the Wikipedia article again.
Thanks!
Gotcha. Also, I just read the Wikipedia article again.
Thanks!
There isn't one.
Can you explain how that's possible? 
There isn't one.
Who manages all the funds that go through it?
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