Topic: Who controls the Bitcoin system? - page 2. (Read 1415 times)
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
Bitcoin uses a decentralized system. No one governing party (such as a bank) because everyone participates in the process. This means no one can decide on one side or create a new policy that incriminates the owner of this currency. For example a Bitcoin address can not be frozen by a party.
No one controls the Bitcoin system but the community and the miners. The word decentralized is used with Bitcoin for this reason only. If the miners ever go rogue than the community can just fork the coin and start using that chain instead of the older chain. This is a benefit of decentralization that you wont get any where.
Nobody has the rights or credits to bitcoin. So bitcoin is technically a technology that was being rub by the users and not by a single company or entity. This is the same thing tgst goes with a lot if revolutionary internet programs or activities like the invention of email. Nobody owns royalties on the creation of email. I think this is just good since bitcoin is intended to become a decentralized cryptocurrency.
Bitcoin is a decentralized system and uses blockchain technology so there is no single server, when the first server receives a blockchain confirmation it will be forwarded to the next server this can continue up to billions of chains.
I do not think anyone is controlling bitcoin. Bitcoin is controlled by everyone.
The bitcoin core developers have the biggest influence in terms of innovation but any updates they suggest have to achieve consensus among all users so there isn't really a central point of power. The bitcoin foundation pays the devs and also communicates with governments so they are quite influential
BITCOIN, like most cryptocurrencies is free of any control , whether institutional or governmental, It value is only controlled by the forces of demand and supply. There however are developers who can only upgrade its operating system, but Thats just what they can do
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.
no one system can control bitcoin. i think bitcoin control by the community bitcoin user itself. even the government of a country can not control bitcoin because I think bitcoin is created only as a digital currency. of course you know some countries forbid the use of bitcoins but can not prevent all bitcoin users in the country to make transactions
nobody cibtrikk the bitcoin system even the bitcoin netowrk, the system, transaction in and out is managed by system automatically that get the data from bitcoin user, so it will very good for use because nobody can't play bitcoin price. because bitcoin is designed for work automatically, even the creater can't control the bitcoin system right now ( as i read it)
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.
no one system can control bitcoin. i think bitcoin control by the community bitcoin user itself. even the government of a country can not control bitcoin because I think bitcoin is created only as a digital currency. of course you know some countries forbid the use of bitcoins but can not prevent all bitcoin users in the country to make transactions 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.
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.
I strongly agree on your opinion that, there are people who own a very large percentage of the extracted bitcoins and if they want to change the price, they will do it. And adding also my opinion that, the only one who can control bitcoin is its users, the developers only facilitate to provide virtual wallet services to bitcoin users without being able to change the system implemented by bitcoin with blockchain technology. In addition, Bitcoin is controlled by us the people it is decentralised meaning nobody has full control of it. On the otherhand, btc is controlled by minority who holds most of btc, Its all about money and power.
In fact, bitcoin is not possible to control. And all thanks to the blockchain, which eliminates third parties, which may this system to control. Now it sought a government that would be able to control this market. But while there is no system that could manage transactions and the blockchain.
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.
Currently, no organization controls Bitcoin! The community is running it, I wish it would always be that way! 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.
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 rulesThe problem is that if some software developer wants to enforce his changes to Bitcoin, then he can easily create a forked chain. Ever since the first forked coin was created (Bitcoin Cash), we had dozens of such forked chains.
The popularity of the bitcoin cryptocurrency beats all records, which can not but cause heated discussions about its future, despite the fact that opinions about it vary greatly: some fully support the virtual currency, while others absolutely do not believe in its potential. "Voice of Russia" discussed the phenomenon of bitcoin with Andreas Lehrbaum, Chairman of the nonprofit organization "Bitcoin Austria".
Noone controls the Bitcoin system. Nó hoạt động dễ dàng, nhanh chóng thông qua công nghệ blockchain hiện đại và có tính bảo mật cao. Chính vì thế, bitcoin ra đời rất được nhiều người tưởng tượng bởi công nghệ hiện đại của nó và giao dịch tự trên thị trường cryptocurrency.
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.
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 is an open source software that was originally operated by Satoshi Nakamoto. Nakamoto left the site in 2010 and handed over the key to Gavin Andresen. Andresen claims he has managed to decentralize and said: "As soon as Satoshi left and put the project on my shoulders, one of the first things I did was try to decentralize it. Leave Bitcoin to a fully decentralized network.
my point of view is that we are all part of a game of bitcoin, we can only control it at a sufficient level and make our investments properly. you need to go ahead with gains and losses may be the issue at this time those who have large amounts of money may want to take control of the manipulation can add the price can break
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