Who controls the Bitcoins? - page 30.

MingLee

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Quote from: bajing on November 23, 2016, 12:52:23 PM

Quote from: HaXX0R1337 on November 15, 2016, 03:34:12 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 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?

Well,I heard that China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

Yes maybe you're right, I also have such thoughts because every price gets pump/dump always start from china market.

China has a majority of the wealth in the world outside of the United States, and that wealth is also translated into its citizens. As such, and considering the insane amount of individuals within China's borders, it shouldn't surprise anyone that China has a lot of the alpha markets when it comes to Bitcoin. Pumps and dumps will start because whales sue those markets for their volume and money.

bikbik2

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Quote from: Capradina on November 25, 2016, 04:59:11 PM

Quote from: Jonar21 on November 25, 2016, 04:56:43 PM

Quote from: asuryan180 on November 25, 2016, 04:17:44 PM

Hah nice question,the thing is we can't name a person exactly,I think there are some sort of regulations or people contolling it but is is really not noticeable and we can't say for sure,all I can say is that there may be some controlling being made either by an organization or by some people which are involved with BTC.But I don't think that it means this is something wrong,in some cases it can be also a good thing

after the closing of the famous Silk Road number of illegal trading platforms in the darknet has increased significantly. Recall that in the report of Kaspersky Lab claimed that every second Internet user ever becoming a victim of online fraud in June this year, but in cases where illegal schemes used Bitcoin, accounted for only 3% of such episodes.

Wow, a terrible enough data for growth of the bitcoin. I think it's all something that should be replaced or given a substitute so that the image of the bitcoin not bad before all people who did not yet know the bitcoin properly. Bitcoin indeed has the potential to be used in some illegal transactions, since the system is transparent but not bitcoin can be known who its owners be it an excellent bait

Maybe it's all make for bitcoin popularity. But it is believed that all that is happening now cryptocurrency on the market, similar to the action that laid the idea that it is possible bitcoin is a big scam or so to say a big Ponzi scheme.

fritzdark

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No one really has control of bitcoin because it is is decentralized in nature. people may have these private and public keys to take control but that doesn't mean that a certain person or people atr taking control of the whole bitcoin thing.

Capradina

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Quote from: Jonar21 on November 25, 2016, 04:56:43 PM

Quote from: asuryan180 on November 25, 2016, 04:17:44 PM

Hah nice question,the thing is we can't name a person exactly,I think there are some sort of regulations or people contolling it but is is really not noticeable and we can't say for sure,all I can say is that there may be some controlling being made either by an organization or by some people which are involved with BTC.But I don't think that it means this is something wrong,in some cases it can be also a good thing

after the closing of the famous Silk Road number of illegal trading platforms in the darknet has increased significantly. Recall that in the report of Kaspersky Lab claimed that every second Internet user ever becoming a victim of online fraud in June this year, but in cases where illegal schemes used Bitcoin, accounted for only 3% of such episodes.

Wow, a terrible enough data for growth of the bitcoin. I think it's all something that should be replaced or given a substitute so that the image of the bitcoin not bad before all people who did not yet know the bitcoin properly. Bitcoin indeed has the potential to be used in some illegal transactions, since the system is transparent but not bitcoin can be known who its owners be it an excellent bait

Jonar21

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Quote from: asuryan180 on November 25, 2016, 04:17:44 PM

Hah nice question,the thing is we can't name a person exactly,I think there are some sort of regulations or people contolling it but is is really not noticeable and we can't say for sure,all I can say is that there may be some controlling being made either by an organization or by some people which are involved with BTC.But I don't think that it means this is something wrong,in some cases it can be also a good thing

after the closing of the famous Silk Road number of illegal trading platforms in the darknet has increased significantly. Recall that in the report of Kaspersky Lab claimed that every second Internet user ever becoming a victim of online fraud in June this year, but in cases where illegal schemes used Bitcoin, accounted for only 3% of such episodes.

tee-rex

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Quote from: Doamader on November 25, 2016, 03:52:44 PM

Quote from: tripplewarz on November 25, 2016, 03:22:06 PM

I'm shocked when I read the information about what interesting statistics presented entrepreneur from Finland Risto Pietila, spoke about the fact that half of all Bitcoin currently belongs to only 927 users.

Why you are surprised? Really i dont believe you thinked it would be different, early adopters has several coins, Nakamoto holds 1 milion bitcoins, and there are some others that has big ammounts, some of them hasnt sold all their bitcoins, besides that exchanges adress hold several bitcoins as well, cloud and hyip ponzis and scammers has stolen several bitcoin as well, soo honest people are under 500 bitcoins in the general.
I had forgot to talk about big miners that does have more then one adress to the new coins for sure, i believe the whales group has a huge power at bitcoin, but who try to make bitcoin bigger are the miners with their huge capital.

It will be interesting to see if any of these super whales decides to sell their stashes of bitcoins and what effect that would have on the Bitcoin price. I think selling 1M bitcoins all at once will be enough to crash the price to the lower three digits. Besides, I don't think that scammers would be keeping the bitcoins they stole. I would get rid of them as soon as possible, though I'm not a scammer myself, so they might in fact be of a different opinion.

asuryan180

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Hah nice question,the thing is we can't name a person exactly,I think there are some sort of regulations or people contolling it but is is really not noticeable and we can't say for sure,all I can say is that there may be some controlling being made either by an organization or by some people which are involved with BTC.But I don't think that it means this is something wrong,in some cases it can be also a good thing

gembitz

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*Brute force will solve any Bitcoin problem*

Quote from: pyata4ok on November 25, 2016, 01:58:54 PM

Quote from: gembitz on November 25, 2016, 01:50:05 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 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?

some dude in a tin-foil hat told me ===>

https://en.wikipedia.org/wiki/Superior_General_of_the_Society_of_Jesus

Cheesy

Bitcoin has become synonymous with impotence government agencies and other regulators, for the first time in many years they were not able to stop any payments to other countries or to control the movement of capital.

"they"...

kwuccduck

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Quote from: Doamader on November 25, 2016, 03:52:44 PM

Quote from: tripplewarz on November 25, 2016, 03:22:06 PM

I'm shocked when I read the information about what interesting statistics presented entrepreneur from Finland Risto Pietila, spoke about the fact that half of all Bitcoin currently belongs to only 927 users.

Why you are surprised? Really i dont believe you thinked it would be different, early adopters has several coins, Nakamoto holds 1 milion bitcoins, and there are some others that has big ammounts, some of them hasnt sold all their bitcoins, besides that exchanges adress hold several bitcoins as well, cloud and hyip ponzis and scammers has stolen several bitcoin as well, soo honest people are under 500 bitcoins in the general.
I had forgot to talk about big miners that does have more then one adress to the new coins for sure, i believe the whales group has a huge power at bitcoin, but who try to make bitcoin bigger are the miners with their huge capital.

Interesting information is also looked after reading these lines. It turns out the network Bitcoin creator Satoshi have approximately 980,000 Bitcoins counts that exceed a billion dollars.

Doamader

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Quote from: tripplewarz on November 25, 2016, 03:22:06 PM

I'm shocked when I read the information about what interesting statistics presented entrepreneur from Finland Risto Pietila, spoke about the fact that half of all Bitcoin currently belongs to only 927 users.

Why you are surprised? Really i dont believe you thinked it would be different, early adopters has several coins, Nakamoto holds 1 milion bitcoins, and there are some others that has big ammounts, some of them hasnt sold all their bitcoins, besides that exchanges adress hold several bitcoins as well, cloud and hyip ponzis and scammers has stolen several bitcoin as well, soo honest people are under 500 bitcoins in the general.
I had forgot to talk about big miners that does have more then one adress to the new coins for sure, i believe the whales group has a huge power at bitcoin, but who try to make bitcoin bigger are the miners with their huge capital.

tripplewarz

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I'm shocked when I read the information about what interesting statistics presented entrepreneur from Finland Risto Pietila, spoke about the fact that half of all Bitcoin currently belongs to only 927 users.

markyminer

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Quote from: staff_1307 on November 23, 2016, 01:02:13 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.

pyata4ok

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Quote from: gembitz on November 25, 2016, 01:50:05 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 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?

some dude in a tin-foil hat told me ===>

https://en.wikipedia.org/wiki/Superior_General_of_the_Society_of_Jesus

Cheesy

Bitcoin has become synonymous with impotence government agencies and other regulators, for the first time in many years they were not able to stop any payments to other countries or to control the movement of capital.

gembitz

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Activity: 1834

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*Brute force will solve any Bitcoin problem*

Quote from: PhilipPens on February 09, 2016, 04:15:29 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?

some dude in a tin-foil hat told me ===>

https://en.wikipedia.org/wiki/Superior_General_of_the_Society_of_Jesus

Cheesy

staff_1307

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Everyone takes on some of the Bitcoin management. This is the advantage of it, everyone is responsible for his own.

bajing

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The most Professional Cryptocurrency Casino

Quote from: HaXX0R1337 on November 15, 2016, 03:34:12 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 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?

Well,I heard that China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

Yes maybe you're right, I also have such thoughts because every price gets pump/dump always start from china market.

Vaskiy

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Quote from: Mastsetad on November 23, 2016, 11:37:08 AM

Bitcoin is absolutely not in control of anyone, it is the only form of money which is not controlled by any authority or person but is just used by its users and its them who can make it successful or a failure as well.

As mentioned bitcoin is not controlled by any central authority, but the fluctuations of price movement happens based upon the user profiles. Early days bitcoin movement has been controlled by big whales who holds huge volume of bitcoin.

Mastsetad

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Bitcoin is absolutely not in control of anyone, it is the only form of money which is not controlled by any authority or person but is just used by its users and its them who can make it successful or a failure as well.

Maxsumi

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Quote from: MTBTT on November 16, 2016, 12:22:00 AM

Quote from: HaXX0R1337 on November 15, 2016, 03:34:12 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 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?

Well,I heard that China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

just as most of the china was a miner and a very large bitcoin users in china it will not make bitcoin can be regulated and controlled. I think no one will be able to control the bitcoin

This was true but I think that we are right now the people ourselves that is controlling it because mining is not the thing anymore.

Sled

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Quote from: Shenzou on November 23, 2016, 10:27:38 AM

China, they control half of the bitcoin market they own most of the hash power,in china most of the modern restaurants and shops do accept bitcoin which is way it is a very popular thing there unlike most of our countrys that the do not know what bitcoin is and if they do they don't encourage people to use it

Agree. China is one of the country whale that can control the market but not the whole thing or the whole bitcoin. China can only control the market because they have the almost miners and most investors in bitcoin. Overall, no one control the bitcoin because bitcoin always gives a freedom for us to use it and no one can dictate how the bitcoin will work in the future because bitcoin always depend on its community and supporters.

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