It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.
bitcoin is not under the control of a single person or group, because they cannot hae access to all the bitcoins address and wallets that belong to a particular person. to me those people who are holding bitcoins are the real owner of bitcoin and they can control such amount of bitcoins. 
Topic: Who controls the Bitcoins? - page 18. (Read 46445 times)
I am sure, when the price is very volatile is any controlling bitcoin, surely bitcoin is a large group that has a stock of more than 50%. Can people or community.
It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.
There's actually a website that has the private keys of all the bitcoin addresses. Funny because even if you do have it all saved on a .txt file, if will take you a lot of power and time (even years) before you can find the private key of a specific wallet. There have been discussion about this in this forum. There are just too many bitcoin addresses available and I really mean way many for you to be able to control bitcoins or hack someone using the list of all private keys. 
It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.
Who controls the course of Bitcoin?
battle for control has only just begun
Maybe we can have a clearer view until such time no new bitcoins will be mined. For now, there's no certain way to determine who controls, all I know is the whales can manipulate the price of bitcoin but they do not control it.battle for control has only just begun
To say generally no one is controlling the bitcoin, only mining is controlling by the miners who are all helping bitcoins to transfer via blocks. These blocks also reducing by half of the amount in halving time.
That's how the miners work but they don't have even total control to the whole bitcoin economy. I just also know that the whales are the ones who are controlling what is happening with bitcoin today regarding its price. Because each of their move has an effect for the price of bitcoin. I still don't know if they have total control or just contributing to its control.
We ourselves are controlling the bitcoin, the bitcoin is controlled by buyings and sellings these days and a part is also china what is controlling it.
Who controls the course of Bitcoin?
battle for control has only just begun
Maybe we can have a clearer view until such time no new bitcoins will be mined. For now, there's no certain way to determine who controls, all I know is the whales can manipulate the price of bitcoin but they do not control it.battle for control has only just begun
To say generally no one is controlling the bitcoin, only mining is controlling by the miners who are all helping bitcoins to transfer via blocks. These blocks also reducing by half of the amount in halving time.
Who controls the course of Bitcoin?
battle for control has only just begun
Maybe we can have a clearer view until such time no new bitcoins will be mined. For now, there's no certain way to determine who controls, all I know is the whales can manipulate the price of bitcoin but they do not control it. battle for control has only just begun
Who controls the course of Bitcoin?
battle for control has only just begun
battle for control has only just begun
people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.
yes and there is not an individual controller of bitcoin, nor a group of people or a state is controlling bitcoin. bitcoin is free decentralize currency of the world, it is in the control of these people are owing it. I believe technically there was once a "centralized owner" of bitcoin for a couple of hours. Back in 2014 iirc the ghash.io mining pool had 51% of the hashrate. Check out the distribution of hashrate now though, the community protected bitcoin by leaving in masses and effectively killing ghash lol.
https://blockchain.info/pools
And Ghash whom he had stated about 51 attacks.
people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.
so in simple worlds we can say that those people who have the amount of bitcoin are the owner of these bitcoins. and there is not a single person or group of persons are the owner of all bitcoins. people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.
so in simple worlds we can say that those people who have the amount of bitcoin are the owner of these bitcoins. and there is not a single person or group of persons are the owner of all bitcoins. 
people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.
yes and there is not an individual controller of bitcoin, nor a group of people or a state is controlling bitcoin. bitcoin is free decentralize currency of the world, it is in the control of these people are owing it. I believe technically there was once a "centralized owner" of bitcoin for a couple of hours. Back in 2014 iirc the ghash.io mining pool had 51% of the hashrate. Check out the distribution of hashrate now though, the community protected bitcoin by leaving in masses and effectively killing ghash lol.
https://blockchain.info/pools
people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.
yes and there is not an individual controller of bitcoin, nor a group of people or a state is controlling bitcoin. bitcoin is free decentralize currency of the world, it is in the control of these people are owing it. 
people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.
so in simple worlds we can say that those people who have the amount of bitcoin are the owner of these bitcoins. and there is not a single person or group of persons are the owner of all bitcoins. 
if people have access to the algorithm and can change it; what stops them from say shutting it down or changing it in a very malicious way?
Decentralization. You can plan with the algorithm all you want but if the rest of the miners don't agree on the changes you don't get to play with them.
It is impossible to get enter into the algorithm program of the bitcoin data and transaction system .
That is why the bitcoin is safe and trusted .
Well it is not generate . And it is only written data in the particular algorithm program of bitcoin networks .
So when we send bitcoin to another address , we are left with deduced amount of bitcoin and with transaction charge .
if people have access to the algorithm and can change it; what stops them from say shutting it down or changing it in a very malicious way?
Decentralization. You can plan with the algorithm all you want but if the rest of the miners don't agree on the changes you don't get to play with them.
if people have access to the algorithm and can change it; what stops them from say shutting it down or changing it in a very malicious way?
Every user that owns a bitcoin is controlling the flow of it especially the big holders, you are part of the chain. It is different from manipulation that manually controls the price even the Chinese owners can not do it. The up and down of bitcoin value happens still because of the rule of supply and demand.
people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.
absolutely right, they have an interest respectively. interest which must have a goal to be achieved. every way will definitely be consequences. Jump to: