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Topic: Who controls the Bitcoins? - page 19. (Read 46401 times)

sr. member
Activity: 377
Merit: 252
January 05, 2017, 08:16:33 AM
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.
legendary
Activity: 1596
Merit: 1027
January 05, 2017, 07:18:18 AM
Actually, this is important question... Traders control Bitcoin. It is not miners who control bitcoin because they have a lot to spend with mining hardware and many times they don't even Break even, So I do believe that the ones controlling Bitcoin are in fact the traders and holders.
full member
Activity: 128
Merit: 100
January 05, 2017, 06:46:49 AM
Maybe Chinese people control bitcoin. They want to protect their money from losing value.
and they can transfer money to anywhere they want. so They buy bitcoin without looking at the price
hero member
Activity: 1316
Merit: 514
January 05, 2017, 06:39:04 AM
If you own bitcoins you control your own coins, same as mine, i control my own coins and be my own bank, i think that is the goal of bitcoins decentralized and no central authority that controls it
legendary
Activity: 1008
Merit: 1060
January 05, 2017, 06:34:54 AM
Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.
Yes, there is no central authority that is the whole point of bitcoin, not even satoshi controls it and that was the way it was designed because if there was a head that control bitcoin you can be sure that person will be on jail already for some made up reason.
I'm not saying that I disagree with what you guys said that there's no one controlling bitcoins, but I disagree that the highlighted part would happen. If there was someone that controls bitcoin right from the start, Satoshi (and his team, if there's any) would keep it as a secret. Thus, the guy that controls all of these stuffs wouldn't be in jail at all. There's no way for us to confirm that there's no one controlling bitcoins but at the same time there's no way for us to argue with that idea.
legendary
Activity: 2534
Merit: 1338
January 03, 2017, 10:32:55 PM
Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.
Yes, there is no central authority that is the whole point of bitcoin, not even satoshi controls it and that was the way it was designed because if there was a head that control bitcoin you can be sure that person will be on jail already for some made up reason.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
January 01, 2017, 09:38:42 PM
Decentralized currency means no one controls it. This is the beautiful thing about it.
While it is also giving threat to the government when it will become popular, they will not allow to engage their people in a non controlled activities as it normally create illegal activities.
sr. member
Activity: 434
Merit: 250
January 01, 2017, 03:42:05 PM
Decentralized currency means no one controls it. This is the beautiful thing about it.
hero member
Activity: 938
Merit: 500
January 01, 2017, 03:33:01 PM
We do have just some groups that has huge influence over bitcoin, early adopters, exchanges, gambling houses, whales and bitcoin mining farms, this are the main people wich has huge power at bitcoin, i dont belong to any of those, im a supporter and a small holder, if all small join we will have nothing above 4-10% total coins mined.
hero member
Activity: 1036
Merit: 500
January 01, 2017, 12:20:28 AM
The internet holds it  Grin Grin
Yup because its cryptomoney or online money so internet holds it. But the question is "Who Controls the Bitcoin?" So the answer must persons, or manipulator of this bitcoin. For Me all people have bitcoin controls bitcoin. Because he/she can control her/his bitcoin so they can control their bitcoin.
newbie
Activity: 6
Merit: 0
December 31, 2016, 02:16:45 PM
The internet holds it  Grin Grin
sr. member
Activity: 350
Merit: 250
December 31, 2016, 11:42:37 AM
Bitcoin is a decentralised currency and it is commonly said it is not controlled by anyone. But generally few big whales sell their btc and make panic sellers to sell their btc, thereby making btc price to fall and gain huge profits. They can be said as short term controllers of bitcoins
hero member
Activity: 1260
Merit: 557
Leading Crypto Sports Betting & Casino Platform
December 31, 2016, 10:04:04 AM
Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.
Yeah I think so too, we don't know will may never know who has invented bitcoin nor is Satoshi Nakamoto a person or a group or just some computer programs, but the only thing we know is that no specific individuals or governments controls bitcoin, we all, the bitcoin users, are part of this bitcoin world and take control of it with our using of bitcoin Grin
hero member
Activity: 756
Merit: 500
December 31, 2016, 09:45:12 AM
Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.
yes that is right bitcoin is not under control of a group a person or a nations, it is free and decentralize, no one has control over the whole bitcoin, but those who are owning has control over these bitcoin he has the right to use or save or even donate it there is no retraction for what you want to do with your bitcoins.

You're wrong, if you can see or heed the bitcoin system correctly then surely you would say that bitcoin is an economy that control the miners. Because the miners is a person who has the thing that most strategies in bitcoin, especially in terms of transaction confirmation. There is extremely useful and miners at the time of holding (approx 4 years), the price of the bitcoin soared and it was also a blessing from the miners. So who could control the bitcoin is a miner, but it was all not fully controlled by miners
sr. member
Activity: 462
Merit: 250
December 31, 2016, 09:36:48 AM
Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.
yes that is right bitcoin is not under control of a group a person or a nations, it is free and decentralize, no one has control over the whole bitcoin, but those who are owning has control over these bitcoin he has the right to use or save or even donate it there is no retraction for what you want to do with your bitcoins.
legendary
Activity: 1092
Merit: 1000
December 31, 2016, 03:38:28 AM
Whoever controls over 51% of the Mining Capacity Controls BTC.

Because with over 51% control , they can allow or block any movement of your BTC to another wallet.

At this point in time, the Chinese mining pools control over 65%.

You can only transfer coins because they allow it.  Wink

 Cool
full member
Activity: 266
Merit: 100
December 31, 2016, 02:53:49 AM
Bitcoin is controlled by no one.thats y it is being made.even if it being made the currency all over the globe .there will be a chance that the price of bitcoins will increase a lot.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
December 31, 2016, 01:38:17 AM
Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

I guess we all holders Bitcoin Bitcoin is the controller itself. Maybe it could be distinguished with only nominal, large holders Bitcoin with a small portion Bitcoin holders.
When asked who could control, I myself do not know, but the possibility of the largest Bitcoin owner who can do it.
you're right, until now we did not know who controls bitcoin, but if it's there, maybe he is the holder of the largest bitcoin, because I believe he is the person who can make bitcoin prices to rise in high amounts in 1 night. well, that also need very much money. but I'm sure they just made that bitcoin does not have a bad price.
hero member
Activity: 910
Merit: 525
December 31, 2016, 01:29:39 AM
Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.
hero member
Activity: 882
Merit: 500
December 31, 2016, 01:23:21 AM
Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

I guess we all holders Bitcoin Bitcoin is the controller itself. Maybe it could be distinguished with only nominal, large holders Bitcoin with a small portion Bitcoin holders.
When asked who could control, I myself do not know, but the possibility of the largest Bitcoin owner who can do it.
yeah , we are the actual controller of the Bitcoin .
But if you will ask about its programming and algorithm that who is making the control then with official owner we are also the controller of Bitcoin .
To make a successful transaction we need to solve a big calculation that is done by mining .
Thus if we are miner then we are also  controller of Bitcoin
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