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Topic: Who controls the Bitcoins? - page 27. (Read 46445 times)

sr. member
Activity: 826
Merit: 250
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December 08, 2016, 06:34:43 AM
no one control , i knew just there is person control price bitcoin
and those person is profitable
hero member
Activity: 2646
Merit: 686
December 08, 2016, 04:35:49 AM
Op Bitcoin is not official at all. And no one person controls it. There are variety of factors involved. You can say that China people mint it a lot, but no they also don't control it. You can only control a specific if you have your private key, but don't try to control it, enjoy it. And read a little it, before calling it official
full member
Activity: 187
Merit: 100
December 08, 2016, 04:23:31 AM
This is the uniqueness of the bitcoin system, we will never know and be able to control the bitcoin. It's all just guesswork, people assume if it's china that control the bitcoin but it was difficult to be proved.
legendary
Activity: 1386
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December 08, 2016, 03:46:24 AM
We control the price of bitcoins, everyone who is involve in btc; users, miners, investors, holders and others. No one can control as manipulating either small or big company, it will not depend on that. Bitcoin life is a cycle.
You are right all of users who do engage into bitcoin is the ones who controls bitcoin not on a manipulation but there are some instances on which does really affects on bitcoins price like incidents on hacking on which it could able to affect the bitcoins price.
hero member
Activity: 2464
Merit: 594
December 08, 2016, 03:37:11 AM
We control the price of bitcoins, everyone who is involve in btc; users, miners, investors, holders and others. No one can control as manipulating either small or big company, it will not depend on that. Bitcoin life is a cycle.
legendary
Activity: 3318
Merit: 1133
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December 08, 2016, 03:10:26 AM
Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.

That is well said and true. It is like the natural resources, no one really own it but it is being influenced by those big companies when it comes to value. They can hold from mining or manufacturing just for the purpose of making a lot of demands which will lead to a higher price.
legendary
Activity: 1554
Merit: 1054
December 08, 2016, 03:04:16 AM
If you want a country, it's the one with the highest amounts in Bitcoin (probably China). If you want a person or a group, there's none. The mining is controlled by China mostly, and the huge population helps it stay on the first position all the time.
But as long as one country's miners are not having any common organization to mine together for trying to obtain 51% of total mining capability how we can say they are controlling bitcoin ecosystem. I mean to say even China is having more number of bitcoin miners, they will not be able to control bitcoins.
member
Activity: 98
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December 08, 2016, 02:53:33 AM
Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.
hero member
Activity: 1400
Merit: 571
December 08, 2016, 02:19:52 AM
There is no one who controls bitcoin because bitcoin network is like an open source and can be use by someone but can never control it. Bitcoin network is compose of bitcoin users, buyers, and investors that is why it is keep on cycling everyday that is why we are earning bitcoin and that is why bitcoin is still alive. Without the users, buyers, and investors, bitcoin was gone a long time ago.
hero member
Activity: 1092
Merit: 500
December 08, 2016, 02:16:18 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?

In our generation by now, for me the person who buy bitcoin is the one who also hold the coins not the others, therefore we are there are no such things who can manage our coins, unless you give authorize other to hold your coins.
sr. member
Activity: 672
Merit: 250
December 07, 2016, 11:34:42 PM
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?
bitcoin is creation satoshi nakamoto , not yet all country became bitcoin to official currencies
Who controls the course of Bitcoin? this is difficult question , i think network
legendary
Activity: 1134
Merit: 1598
December 06, 2016, 02:00:07 PM
If you want a country, it's the one with the highest amounts in Bitcoin (probably China). If you want a person or a group, there's none. The mining is controlled by China mostly, and the huge population helps it stay on the first position all the time.
legendary
Activity: 1274
Merit: 1004
December 06, 2016, 01:07:26 PM
technically i dont have any exact idea but no body can stop this network and anyone who has a private key is legally owner of a unique bitcoin address
full member
Activity: 232
Merit: 100
December 06, 2016, 12:49:13 PM
Everyone takes on some of the Bitcoin management. This is the advantage of it, everyone is responsible for his own.
yes that is right to say but there is not a single person or group of people who are controlling bitcoin. because bitcoin is a decentralize currency and not a single country can claim it.

That is what I had in mind when writing a comment.
hero member
Activity: 1834
Merit: 639
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December 06, 2016, 12:02:37 PM
Why China? I'm afraid we never know for sure.


watch mr. robot ~  Wink

No need for him to watch a TV series for like 12 hours straight for one season. I've finished watching one season of Mr. Robot because it has been mentioned in various threads in this forum and from what I watched I think your reason was because the main data drives are located in China. I'm not sure though because I don't really have a deep knowledge about the subject. It was like all of their hacking activities needs to get something done in China as well. For example, if they want to hack a company, they also have to hack the drives in China or get help from the Cyber army from China.

If what's in the story of Mr. Robot is actually a real thing, then China is a huge part of the Internet, both in bitcoins and in the dark Net. But I think the actual reason why people say that China controls bitcoin is because they hold a huge part of the total bitcoins in circulation.


^obviously evilcorp controls bitcoin  Cool  lol
legendary
Activity: 1008
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December 06, 2016, 11:15:02 AM
Why China? I'm afraid we never know for sure.


watch mr. robot ~  Wink

No need for him to watch a TV series for like 12 hours straight for one season. I've finished watching one season of Mr. Robot because it has been mentioned in various threads in this forum and from what I watched I think your reason was because the main data drives are located in China. I'm not sure though because I don't really have a deep knowledge about the subject. It was like all of their hacking activities needs to get something done in China as well. For example, if they want to hack a company, they also have to hack the drives in China or get help from the Cyber army from China.

If what's in the story of Mr. Robot is actually a real thing, then China is a huge part of the Internet, both in bitcoins and in the dark Net. But I think the actual reason why people say that China controls bitcoin is because they hold a huge part of the total bitcoins in circulation.
sr. member
Activity: 560
Merit: 290
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December 06, 2016, 08:46:01 AM
Why China? I'm afraid we never know for sure.

Bc China has more mining poder than another country, so somehow if Chinese economy goes bad, chinese people will "save" their money in bitcoin, no $ nor €.
hero member
Activity: 742
Merit: 526
December 06, 2016, 03:33:58 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?
Every one has access to bitcoin world if they want to know more about bitcoin, People are controling the bitcoin itself but most of users of bitcoin are from USA nor CHINA.. It's beginning and i know that bitcoin has big features to be true and that will become true when people keep using it. Every traders can control the course of bitcoin.

I don't understand what makes you think so. If the top exchanges that operate in China are trading Bitcoin for Yuan only (correct me if I'm wrong on this), why the users from the US might be interested in that? And what's more, the Chinese Yuan itself is a weak currency compared to the US dollar, therefore trading there adds an additional risk of intended currency devaluation by the authorities.

Do you have any sources confirming that most users of Bitcoin are coming form the US?
legendary
Activity: 3234
Merit: 1214
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December 05, 2016, 12:59:30 PM
Not china, it has got more users from China. The entire users who were continuously using bitcoin directly and by cashing out for their needs is the one who were controlling the price movement as well its growth.
hero member
Activity: 1834
Merit: 639
*Brute force will solve any Bitcoin problem*
December 05, 2016, 12:35:07 PM
Why China? I'm afraid we never know for sure.


watch mr. robot ~  Wink
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