Topic: Who controls the Bitcoin system? - page 14. (Read 1441 times)
The one word that could describe the system of of bitcoin is Decentralized. Compared to banks and other financial institution which are controlled by the government through its central banks, bitcoin system is based on the investments of capitalists. Its investors are all those maintain the circulation and the supply/demand of the cyptocurrencies.
Bitcoin does not belong to anyone. This technology can be used by anyone who follows the rules of this currency.
It is not controlled by any central bank, and the person who first proposed the use of bitcoin for several years does not make itself felt.
Everyone can make sure that this currency does only what it is supposed to do, and its creator no longer controls operations with bitcoins.
Now it is the responsibility of independent developers. That is, bitcoin has become a so-called open source software, which can be downloaded and used for free at your own discretion.
It is not controlled by any central bank, and the person who first proposed the use of bitcoin for several years does not make itself felt.
Everyone can make sure that this currency does only what it is supposed to do, and its creator no longer controls operations with bitcoins.
Now it is the responsibility of independent developers. That is, bitcoin has become a so-called open source software, which can be downloaded and used for free at your own discretion.
Nobody controls it! it is practically said on its whitepaper when bitcoin is being launched on 2009. Even if the real satoshi nakamoto reveal himself in the public he can't control how the bitcoin system goes.
Some people say that governments could control Bitcoin by regulating it. It is obviously false because Bitcoin is decentralised so it can't be controlled. They can only regulate exchanges and merchants who want to accept BTC. That's ridiculous but we can't do much about it, they are trying to make people more reluctant to cryptocurrencies in general. I really doubt that they will succeed.
Bitcoin was constantly upgrading the system if someone checked it, but Bitcoin is not in the hands of anyone, so nobody knows this, so it is the reason for not investing in Bitcoine, but Bitcoin is given out by Satoshi Nakamato and the man is lost and so what is Bitcoin is not clear.
We do not know who is managing the bitcoin system. Perhaps most of the majority leader of bitcoin. They control the dynamic bitcoin price. But our bitcoin , we have control over it. You can trade or invest your bitcoin whenever you want it. You can do anything you want. Only scammers , they're always trying to control and get our bitcoin. So be careful to scam.
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 the COMMUNITY that controls the system, or the market to be more specific. And by COMMUNITY I mean us, the users or traders. Without a community, almost anything will seize to exist or function. The value or price of Bitcoin also depends on the activities of the COMMUNITY. No one owns Bitcoin or the cryptocurrency world as a whole. It is an open source in which anyone can engage and be a part of. 
Bitcoin is controlled by the community. If we say community, we are referring to the developers, miners, traders and to all the people (bitcoin holders) who own a BTC currency.
There are people who own a very large percentage of the extracted bitcoins.
If they want to change the price, they will do it.
And there is no question of any decentralization!
Bitcoin has become a means of manipulation.
We could consider the supporter of bitcoin as one of the key to moved the price of bitcoin simply because bitcoin price and value is dependent on the support of people given by the number of transactions and investment and how people choose to trade. I think bitcoin is a much more than a currency for most of people so it is a bigger development when it comes to investment and trading for more people who uses bitcoin.If they want to change the price, they will do it.
And there is no question of any decentralization!
Bitcoin has become a means of manipulation.
Bitcoin is decentralized, which means that no one authority or central authority is in charge of Bitcoin. Bitcoin was created in 2009 by a person using the pseudonym “Nakamoto Satoshi,” but no one knows his true identity. This person or group has no control over Bitcoin.
the bitcoin system is a decentralized virtual Currency, so there is no control or Central bitcoin handling by any of the parties. if someone thinks that the price of bitcoin movement is very unstable due to the deliberate elements of individual parties using a pump or dump in my opinion is not true. the rise and fall of bitcoin price is highly dependent on market demand, if market demand is large, there will surely be some effect of bitcoin price growth movement. some of the factors that cause the current decline in bitcoin prices are the decrease in investor scale caused by many factors, one of which is some negative news which is usually very angular about bitcoin.
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 is controlled by the developers and Miners. I don't think that anyone else controls bitcoins as developers are the ones who develop the bitcoin software and the Miners are one who votes for the acceptance of the software. 
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 is controlled by the developers and Miners. I don't think that anyone else controls bitcoins as developers are the ones who develop the bitcoin software and the Miners are one who votes for the acceptance of the software.
Online Bitcoin wallet has its advantages over the offline version. You can access it by using not only the PC, but also a tablet or phone. Specificity is similar to conventional Kiwi-wallets, WebMoney or Internet banking.
As no one owns the technology . it is also true Bitcoins are controlled by all Bitcoin users all over the world. . In order to stay compatible with each other, all users need to use software complying with the same rules.
Bitcoin system is completely run by the people who use it, this is the reason it is called as decentralized digital currency. But practically it’s developed and supervised by contributors, miners, big exchanges and traders.
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.
That's why people say that Bitcoin is decentralized as opposed to being centralized which means that its in the control of everyone and no one whiles centralized means that it s in the total control of an individual, an entity or an institution. 
There are people who own a very large percentage of the extracted bitcoins.
If they want to change the price, they will do it.
And there is no question of any decentralization!
Bitcoin has become a means of manipulation.
We could consider the supporter of bitcoin as one of the key to moved the price of bitcoin simply because bitcoin price and value is dependent on the support of people given by the number of transactions and investment and how people choose to trade. I think bitcoin is a much more than a currency for most of people so it is a bigger development when it comes to investment and trading for more people who uses bitcoin. If they want to change the price, they will do it.
And there is no question of any decentralization!
Bitcoin has become a means of manipulation.
Therefore, the name of the true Creator of bitcoin is hidden for complete independence and isolation.
Bitcoin is controlled by its demand and supply through its holders and interested investors,traders. But one more thing that the price fluctuations is due to big whales trading and also due to some bad or fake news.
Yeah it is all about the demand of bitcoin and the supply to the investors; people are investing more and more bitcoin to get a powerful business. It is good to see the fluctuation of bitcoin price it use to increase and decease at the time of low price people buy bitcoin and hold but at the time of high price they sell and make business, red market begun just because people get impatient and sell their coin which cause high dump in price, so for me these three factors are effective in bitcoin, price, demand and investors. 
no one controls bitcoin, because bitcoin does not have a centralized system.
which controls the bitcoin is our, every bitcoin holder is the bitcoin bank itself.
which controls the bitcoin is our, every bitcoin holder is the bitcoin bank itself.
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