Topic: Who controls the Bitcoin system? - page 13. (Read 1458 times)
Bitcoin is controlled by the community consists of traders, bitcoin holders, investors etc. It is not controlled by any Government or organisation.
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
I think your right no one controlling bitcoin even the bitcoin price, even if i do not know whats all about bitcoin i just think nobody can control it. Its the technology and people uses bitcoin control the value of bitcoin, so no one knows when it increase and decrease, because we dont know whos using it and we dont know how many of the people use it.
I think the one who control the bitcoin system is nobody.Cause the bitcoin network no one owns the technology.Bitcoin is controlled by all bitcoin users like us around the world.All users are free.
No one could control bitcoin and the price can't be predicted by anyone. Although the big investors are controlling their investments it could also affect the bitcoin price. You could only control your own bitcoin but to say that who could control bitcoin I don't so.
nobody not even revealed by anybody, but i think the market depends on the investors because the it appreciate when there are more investors vice versa, contrary we all control bitcoin, hence we are investors.
actually the owner of most btcs, the highest nodes of the network owners and the highest mining farm owners are the one who can change the wind directions of btc
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
It is decentralized. Nobody can control it. It has a blockchain that keeps record of every transaction that has been made all over the world. This is the very reason why other countries or government of other countries are not welcoming it because they cannot control or profit from it. They can't tax it either. But due to it's popularity and people and government slowly understanding it's importance and relativity to the present needs of the society in connection to technology some countries are proposing to apply a tax on it so that they will welcome bitcoin to their country. This just means to say that bitcoin is indeed going global.
I dont know, if we are living in the same planet with all these commentators - but, if you can not see, that the one who owns more bitcoins, can control the market or have the ability to move the market for his benefits, then you are gonna be get more scammed. A 100% decentralization is not possible and is also against the essence of human being.
theoretically. You can control the bitcoin system if you own more than 50% of the nodes in the bitcoin network. This allows them to identify any transaction. that is too overpriced
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
Bitcoin have limited supply and not one institution or government can control the supply. Its happen because bitcoin have decentralized system and its can eliminate intermediaries
According to Bitcoin.org, 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.
Yes, I agree . Really no body or institutions can control btc operation because of decentralized blockchain technology used. That is the strong point bitcoin has .All bitcoin users all over world directly operate or work based on general rules and regulations accepted together ( there is a consensus ) son it can run fluently and beneficial to all users.
If no one can control bitcoin system then simply bitcoin couldn't exist today. Who controls bitcoin system can be the founder of this crypto world.
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
Bitcoin have limited supply and not one institution or government can control the supply. Its happen because bitcoin have decentralized system and its can eliminate intermediaries
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
I think No one has a Bitcoin network, just as no one has email operation technology. 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 version they want to use. In order to remain compatible with each other, all users need to use software that follows the same rules. Bitcoin works only when there is full consensus among all users. Thus, all users and developers have a strong incentive to protect this consensus.
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
In my opinion, there is big different between mobile application and bitcoin. Mobile application can be control by their dev but bitcoin no one control even government institution.
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
Bitcoin have limited supply and not one institution or government can control the supply. Its happen because bitcoin have decentralized system and its can eliminate intermediaries
Yuph, no one controlled Bitcoin System. Even its creator Satoshi Nakamoto didn't control it. It is a decentralised System and no one can own it. This is somehow similar to Intermet which is FREE to use by anyone and anywhere. Aliens from outer space are the only one capable of owning it I guess.
The only thing that we have control in Bitcoin System is, how we use our Bitcoins. Bitcoin system is just a system that consists of bitcoin (obviously) that's why how we manage our bitcoin is part of this System. People individually who has access to Bitcoin also has control
BUT, in their own properties only.
The only thing that we have control in Bitcoin System is, how we use our Bitcoins. Bitcoin system is just a system that consists of bitcoin (obviously) that's why how we manage our bitcoin is part of this System. People individually who has access to Bitcoin also has control
BUT, in their own properties only.
Bitcoin system is controlled by every person that uses it. There is no single person that own the whole system and vontrols it as he likes.
Exactly, that's what I'm referring.
Nobody controls bitcoin, it is the same with emails although there is a developers who can develop the systems of Bitcoin but they can't change the protocol, only you can control your own bitcoin other than not nobody can control your bitcoin.
Bitcoin system is controlled by every person that uses it. There is no single person that own the whole system and controls it as he likes because blockchain technology eas created so that no one can control or hack the system. Thats why everyone can see all the transactions made on blockchain and you can track every bitcoin that is mined. No transaction is can be hidden or deleted so that no one can stole bitcoins without being tracked
I think it is being countered by certain people who created just bitkoyin ie followers of Satoshi his students or colleagues
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