Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. Soone manage blockchain could they take our money?
I think what is your mean is Blockchain wallet and not bitcoin network, Blockchain is online wallet until right now it is safe and there are not find the issue about this service, although it is can take our bitcoins. 
Topic: Who control bitcoin network? - page 3. (Read 2507 times)
Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?
no "one" person controls bitcoin. miners confirm the transaction so if somehow someone got a hold of more than 51% of the mining power the could confirm a bad transaction and then indirectly control bitcoin.Bitcoin is not controlled by anyone or any institution. At the same time it is controlled by all users, being a decentralized platform.
That's one of the beauties of bitcoin
Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?
no "one" person controls bitcoin. miners confirm the transaction so if somehow someone got a hold of more than 51% of the mining power the could confirm a bad transaction and then indirectly control bitcoin. 
Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?
Bitcoin is indirectly managed and run by miners and bitcoin users.Since it is decentralized,it is not controlled by any single individual or entity 
Although as a customer of a service (even a free one), you still have the same "control" as you would have as a customer of any other service...
That being that if you decide you don't like the decisions that service is making, you can refuse to use the service any longer.
As such, by using the service, you are indirectly "controlling" Bitcoin by lending strength to the "controlling" decisions that the service makes.
You do make a fair comparison, although I still don't think it completely fits. There isn't a way to properly measure what most of the users think or how they act, however I think a general idea can be seen from 'their experiences/replies'. I highly doubt that a lot of users would quit a service (probably a very small minority) if e.g. blockchain.info supports/doesn't support a certain feature. They can't technically refuse adoption/changes, but can only stop using that particular user. I don't find this adequate to label someone to be 'controlling the network' along with others. That being that if you decide you don't like the decisions that service is making, you can refuse to use the service any longer.
As such, by using the service, you are indirectly "controlling" Bitcoin by lending strength to the "controlling" decisions that the service makes.
we all control the bitcoin network each person has a differant part to play, some mine others run nodes others offer services and others just use it.
One could argue that this is false. People using online wallets, or SPV wallets don't control anything (besides their own keys obviously). The people running full clients/nodes are the ones that play a role in "controlling" Bitcoin.Although as a customer of a service (even a free one), you still have the same "control" as you would have as a customer of any other service...
That being that if you decide you don't like the decisions that service is making, you can refuse to use the service any longer.
As such, by using the service, you are indirectly "controlling" Bitcoin by lending strength to the "controlling" decisions that the service makes.
But bitcoin transaction are stored my blockchain ledger I think they could alter our data only when they know our private key
This is false. Data can be altered without the knowledge of your private keys. You *just need* enough hashrate to alter the data (note: This is not as easy as I make it sound).so I think bitcoin network is fully automated and secure than traditional bank account database system which could be hacked easily .
You need to work on your definition of 'fully automated' and comparisons.we all control the bitcoin network each person has a differant part to play, some mine others run nodes others offer services and others just use it.
One could argue that this is false. People using online wallets, or SPV wallets don't control anything (besides their own keys obviously). The people running full clients/nodes are the ones that play a role in "controlling" Bitcoin.
a simple google search would give you these answers, we all control the bitcoin network each person has a differant part to play, some mine others run nodes others offer services and others just use it.
Bitcoin are not controlled by anyone. It was developed and released into the world by Satoshi, and then the protocol was distributed to
many people all over the world, and the decision making process left to the people using the technology. If you like what you see, you
run the software and become part of the network... if you do not agree with the protocol, you do not run the software.. plain and simple.
many people all over the world, and the decision making process left to the people using the technology. If you like what you see, you
run the software and become part of the network... if you do not agree with the protocol, you do not run the software.. plain and simple.
Obviously no one because bitcoin is completely decentralized and no one gave any control over it. But bitcoin transaction are stored my blockchain ledger I think they could alter our data only when they know our private key so I think bitcoin network is fully automated and secure than traditional bank account database system which could be hacked easily .
Whole community controls the bitcoin as bitcoin is decentralized that mean the one who runs nodes collectively with other who runs bitcoin full nodes and mining controls the bitcoin network. That's why when bitcoin needs to get few updates and modification all of these party should agree upon the same modification.
lol... funny thread.
your doubt is something basic, you should read a little about bitcoin to understand how it works. nodes and blockchain are the answer.
your doubt is something basic, you should read a little about bitcoin to understand how it works. nodes and blockchain are the answer.
Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?
Bitcoin is fully automated and I think bitcoin exist the way it was well the movement of bitcoin was changing because of bitcoin users that affecting it and many involvement is because of us that owns a part of bitcoin further more I can say we or all bitcoin users that is us are the one handling bitcoin currency, and I think bitcoin started to increased by means of mining it and then a lot of methods has been introduced to allocate more bitcoin in the past.
Satoshi does with the millions of bitcoins he has
Lol. It seems to be a random answer from you buddy. Actually bitcoin wallets are kind of bank and we can control it completely upto transfer out. blocks are control by miners and your all transaction has been differentiated with different blocks and reach the destination some time and its according to fees.
The users of bitcoin are the one who controls it and manage it but nobody owns the bitcoin network. Satoshi is the one who made it but he never owns the bitcoin network. It's like the ocean in the whole world, nobody owns it but everybody are using it for sea transportation and others are using it for their occupational work like fishing and so on and it goes the same to the bitcoin network as well.
Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?
I think today there is no controlling the bitcoin. bitcoin now stands alone. no one can delete or control bitcoin. bitcoin has its own control.
The price is determined according to the law of demand and supply that means when demand for bitcoin increases, the price increases and when the demand decreases the price falls so it is correlated with each other.
Now, to manage the whole bitcoin network we need a uniform software (i.e – same, updated and real-time synchronised), for this, there is a team of developers with the title ‘bitcoin core developers’. No one owns bitcoin but the users like you and me control it.
Now, to manage the whole bitcoin network we need a uniform software (i.e – same, updated and real-time synchronised), for this, there is a team of developers with the title ‘bitcoin core developers’. No one owns bitcoin but the users like you and me control it.
Satoshi does with the millions of bitcoins he has
I believe that everything that's happening between the transactions in Bitcoin is fully automated. Since it's decentralized, nobody is managing the blockchain and nobody has the potential to take away our money. It's only up to you if you're going to let your wallet hacked. Then that's a different case and your money will be taken away.
Nobody owns the Bitcoin network much like no one
owns the technology behind email. Bitcoin is controlled
by all Bitcoin users around the world. While developers
are improving the software, they can't force a change in
the Bitcoin protocol because all users are free to choose
what software and version they use. In order to stay
compatible with each other, all users need to use
software complying with the same rules. Bitcoin can
only work correctly with a complete consensus among
all users. Therefore, all users and developers have a
strong incentive to protect this consensus.
owns the technology behind email. Bitcoin is controlled
by all Bitcoin users around the world. While developers
are improving the software, they can't force a change in
the Bitcoin protocol because all users are free to choose
what software and version they use. In order to stay
compatible with each other, all users need to use
software complying with the same rules. Bitcoin can
only work correctly with a complete consensus among
all users. Therefore, all users and developers have a
strong incentive to protect this consensus.
Yes exactly, no one own bitcoin network, when it means network then it will have hundreds and thousands of computers connected over the internet or wired or in any way. So bitcoin network cant be personal became users across the world usage bitcoin, mine bitcoin so bitcoin network is very large and not a single institutions have control over it.
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