Topic: Who controls the Bitcoin system? - page 15. (Read 1418 times)
Bitcoin has a great potential. Blockchain gives an opportunity to carry out financial operations on the world market without restrictions and without intermediaries. It is very worrying the government because they can't control.They are powerless to stop it because I can't keep track of the movement of capital.Therefore, in every possible way they try to restrict financial platforms and strengthen control.But all to no avail.Bitcoin does not belong to anyone.It's just like e-mail or the Internet. It is not controlled by any Bank. And the person who created bitcoin disappeared somewhere. bitcoin has become an open source software. This program can be used by absolutely anyone.All you have to do is follow the rules of this currency.
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 a community based asset therefore the whole community has the control of it's market. Though not literally because no one owns the Bitcoin system as it uses a decentralized blockchain technology. This is actually the best feature Satoshi wants to be used by us who wants financial freedom and believes the technology he created to further protect us from greed. 
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.
There is difference between the term controlling and manipulation. The price of bitcoin cannot be controlled by anyone, but it can be manipulated by group of people or government or media. Usually we see some sharp gains and sharp drops in the prices of bitcoin and other crypto currencies, that is usually when whale(people that hold handsome amount of crypto)buy or sell their holdings or when a government has announced a ban or legalisation. 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, bitcoin can be manipulated by bigger players in the market, but it can never be controlled and the manipulation too doesn’t lasts long.
No one can control Btc as nobody can control the email or the internet. Btc was one of the key innovations of the decade, with the technology behind it being Blockchain
I just love watching a desperate repressive government struggling to control something it cannot.
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.
Indeed, as far as I know bitcoin is a decentralize, meaning no one owns or have a control upon it. And that is what make bitcoin best currencies because it is far for being control by government. The only things we could control upon it is the voltality. However, there are times that bitcoin can be controlled by community not a person or authority. 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 and other decentralized cryptocurrencies are controlled by everyone yet not controlled by anyone. Bitcoin is decentralized and hence, its price cannot be manipulated by any single person or authority, it is owned by people all over the world, therefore it is controlled by the whole community and not by any single person or authority. The price of bitcoin is determined by supply and demand like any other asset in the world. The more the demand, the more is the price as the supply is limited.
Well from my understanding, nobody can control the bitcoin "ledger" or blockchain. But the system/mining is being maintained and updated by groups. It's open source so anyone can see if it's being maliciously edited or not.
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.
In fact, it can be said that it is on the global Internet that tens of thousands of computers are connected into a network to form a super server. The role of this server is to record Bitcoin. Because this super server is made up of thousands of computers on the Internet. Therefore, no one can tamper with the data, and no country or agency can manipulate it.
I do not think that it is controlled.
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 agree with your point of view. No one can control the bitcoin, it depends a lot on the player psychology. But there will be a strict bitcoin management system on the computer network to ensure the safety of bitcoin participants. Without any form of management, the bitcoin will not last long. In Japan they are very strict about bitcoin.
no one controls it, bitcoin is only controlled all its users, developers only improve software but can not impose changes in bitcoin protocol
Nobody can control the bitcoin because of decentralization it had on its system and No one can put a hand on blockchain network since we are running it. I think bitcoin can control externally by the government, because not every government are really with the side of bitcoin, they cannot control the bitcoin itself but they can make limits on circulation.
The whole bitcoin system is not controlled by any organization that's why it's called decentralized too, it only need players as key to play with it, and that's us. Some manage the site for this activity one is our forum which is the bitcointalk.org but they don't control all of the user they merely manage it.
That is the powerful thing about bitcoin, the people control it. However it is worth noting that this can still be gamed, people with large holdings and the large industry players have a great deal of influencer over bitcoin.
The whole bitcoin system is not controlled by any organization that's why it's called decentralized too, it only need players as key to play with it, and that's us. Some manage the site for this activity one is our forum which is the bitcointalk.org but they don't control all of the user they merely manage it.
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.
Bitcoin price is controllable by the big whales. While bit coin is uncontrollable by the whales. Bitcoin system can corntrol actually by those investors who own much numbers of bitcoin. For me this system is like controllable but uncontrollable in reality. Like the limit numbers of supply, limitations of bitcoin in the physical world of system. Bitcoin system can own by one person, can manipulate by one person. Although bitcoin is unpredictable in terms of price that system is clear.
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 am sure of that. Noone can control Bitcoin. Bitcoin is scattered to a million of nodes or computers around the world. To control it you need to go and logon to all that computers, which obviously impossible. Application is different from Bitcoin. Bitcoin is a service that gain it's value in the world because somebody uses that services and believe on how it benefit the user.
The Bitcoin system has no one to control, but like the investment products, it can be bought in large quantities and affect the price fluctuations, but I do not think this is the performance of being manipulated.
Bitcoin is operated by decentralized system.There is formal party, personal or institution even government can control that system.All people involved in this system can monitor and contribute to the system operation so it can run well and useful to all people involved.
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