Who controls the Bitcoins? - page 34.

dihari

hero member

Activity: 910

Merit: 525

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?

There is a terminology called decentralized. And bitcoin used that system.
But for your theory conspiracy's hungry, I can say, maybe it controlled by some group that make bitcoin as a new world order part.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: ivanst776 on October 22, 2016, 01:18:55 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?

I think that bitcoin is being controlled by a small team and from some individuals who are early adopters of bitcoin.

Another one who can control the bitcoin are these big exchanges who have a very large volume of bitcoin.

We have seen how much was the bitcoin price affected last time when bitfinex was hacked.

I think that small team is being called as the big whales in the bitcoin industry. I think they are the hoarders or people who are holding a lot of bitcoins. And every single movement that they are able to do is going to make the bitcoins price movement very big. And with the bitfinex incident, I can clearly tell that they have a really big contribution in the market.

TKeenan

hero member

Activity: 874

Merit: 1000

Quote from: RawDog on October 22, 2016, 12:57:00 PM

just because he can pull the wool over the eyes of a small number of Chinese miners. (not a very hard thing to do since those Chinese miners have very slitty eyes in the first place. You don't need a lot of wool to cover those tiny slits.)

What kind of a racist fucking asshole are you anyway?!

ivanst776

legendary

Activity: 1540

Merit: 1003

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?

I think that bitcoin is being controlled by a small team and from some individuals who are early adopters of bitcoin.

Another one who can control the bitcoin are these big exchanges who have a very large volume of bitcoin.

We have seen how much was the bitcoin price affected last time when bitfinex was hacked.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

Quote from: Leonard2016 on October 22, 2016, 12:34:48 PM

Quote from: ololajulo on October 22, 2016, 12:23:11 PM

Quote from: Pk880058 on February 09, 2016, 06:19:38 AM

Quote from: ?? on ??

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?

no one can control bitcoin except he'd owning 70% of bitcoin, and bitcoin is decentralized,when bitcoin started to be announced the price is around $1-$5 if i'm not mistaken, and bitcoin growing up until now

you are correct the price was $1 and above when it started even one story of pizza man is also their, in the mid the price touched $1000 then it came down back to old price and now it is going steadily towards upward, and it a digital online currency, the price is now mostly manipulated by big players who are holding high bitcoin and playing with it.

There are nodes that control the level of security of theblockchain . I learnt they are scattered across the globe. Big spender are now investing into the currency now and like earlier saidcontrol the price.

the bitcoin nodes can be run by anybody who wants, you can go to bitcoin.org and download bitcoin core and by running it if you have a good system you become a node too.

and the price is also controlled by the supply and demand not one person or group of perople who spend or not!!!

If we are relaying on the price of bitcoin who are controlling the price is always demand and supply and i think we are the one who are control bitcoin the more you invest in bitcoin the more the price will increase for bitcoin.. but if all people are selling their bitcoin expect that bitcoin price will decrease soon..

RawDog

legendary

Activity: 1596

Merit: 1026

Quote from: Leonard2016 on October 22, 2016, 12:34:48 PM

the bitcoin nodes can be run by anybody who wants, you can go to bitcoin.org and download bitcoin core

But the bitcoin core that you downloaded is controlled by GMaxwell and Blockstream and you will be running whatever code they say is good for you. You will be their bitch and you will be using your computer to advance their stupid lightning network and SegWit bullshit that is all part of some stupid alt coin that IS NOT BITCOIN.

Just because everyone thinks: "well, this is bitcoin core, it must be bitcoin" - that is complete bullshit. Lightning and SegWit are very stupid alts that do nothing but advance Blockstream's private hold on bitcoin.

Don't be a dumbfuck - think with your brain. Don't support 'bitcoin core' which has turned into GMaxwell's personal cryptocurrency project just because he can pull the wool over the eyes of a small number of Chinese miners. (not a very hard thing to do since those Chinese miners have very slitty eyes in the first place. You don't need a lot of wool to cover those tiny slits.)

Leonard2016

hero member

Activity: 1036

Merit: 520

Quote from: ololajulo on October 22, 2016, 12:23:11 PM

Quote from: Pk880058 on February 09, 2016, 06:19:38 AM

Quote from: ?? on ??

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?

no one can control bitcoin except he'd owning 70% of bitcoin, and bitcoin is decentralized,when bitcoin started to be announced the price is around $1-$5 if i'm not mistaken, and bitcoin growing up until now

you are correct the price was $1 and above when it started even one story of pizza man is also their, in the mid the price touched $1000 then it came down back to old price and now it is going steadily towards upward, and it a digital online currency, the price is now mostly manipulated by big players who are holding high bitcoin and playing with it.

There are nodes that control the level of security of theblockchain . I learnt they are scattered across the globe. Big spender are now investing into the currency now and like earlier saidcontrol the price.

the bitcoin nodes can be run by anybody who wants, you can go to bitcoin.org and download bitcoin core and by running it if you have a good system you become a node too.

and the price is also controlled by the supply and demand not one person or group of perople who spend or not!!!

ololajulo

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

Quote from: Pk880058 on February 09, 2016, 06:19:38 AM

Quote from: ?? on ??

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?

no one can control bitcoin except he'd owning 70% of bitcoin, and bitcoin is decentralized,when bitcoin started to be announced the price is around $1-$5 if i'm not mistaken, and bitcoin growing up until now

you are correct the price was $1 and above when it started even one story of pizza man is also their, in the mid the price touched $1000 then it came down back to old price and now it is going steadily towards upward, and it a digital online currency, the price is now mostly manipulated by big players who are holding high bitcoin and playing with it.

There are nodes that control the level of security of theblockchain . I learnt they are scattered across the globe. Big spender are now investing into the currency now and like earlier saidcontrol the price.

andyste

full member

Activity: 154

Merit: 100

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?

bitcoin nothiing official curencies, satsoshi nakamoto still anonymous
nothing control bitcoin price in the world, is control suply and demand
and you big money in buy big bitcoin so bitcoin price can up, and nothing control is price guard

seven2smoke

sr. member

Activity: 336

Merit: 250

No one supposed to control it but it seems the large Asian bitcoin community is having an effect on the price due to their numbers.
I mean China

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: crairezx20 on October 04, 2016, 09:30:42 AM

Quote from: Cendassi on October 04, 2016, 09:28:19 AM

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

I think we are who cotroling bitcoins if there is no investors in bitcoin has no value..
So i think we are the who controling bitcoin..

There are different forms of bitcoin control, development, mining (block movement) and the economy. As a mere holder, I think we only contro what is in our wallet, but moving it to another wallet is another form of control. The system relies on the miner to move our bitcoin from one wallet address to another wallet address. The core and classic team control and debate on the argument of bitcoin development. So basically it is the people who are involved in bitcoin that has a part on that pie of who control bitcoin.

Bostonias

newbie

Activity: 97

Merit: 0

Quote from: crairezx20 on October 04, 2016, 09:30:42 AM

Quote from: Cendassi on October 04, 2016, 09:28:19 AM

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

I think we are who cotroling bitcoins if there is no investors in bitcoin has no value..
So i think we are the who controling bitcoin..

That is right. If you hold the bitcoin, that will give its value. If you use it a lot, the price will be even higher.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: Cendassi on October 04, 2016, 09:28:19 AM

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

I think we are who cotroling bitcoins if there is no investors in bitcoin has no value..
So i think we are the who controling bitcoin..

Cendassi

member

Activity: 64

Merit: 10

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

Labumi

hero member

Activity: 756

Merit: 500

Quote from: cluit on October 04, 2016, 05:50:53 AM

Quote from: Digital_Lord on October 04, 2016, 04:43:51 AM

Quote from: CraigWrightBTC on September 14, 2016, 11:39:55 AM

There are not people who control the bitcoin (At least for now) because there are not be found weakness of bitcoin, that is why bitcoin become popular and bitcoin's price is expensive, it is something new in the world.

correct. bitcoin is not something that could be controlled by one person. and the other side everyone can control their bitcoins. because everyone is boss in bitcoin this is the best fact in bitcoin.
you have bitcoin mean you are your own bank. and you have full control on your money.

Bitcoin gives us the power of having our own bank which means we could control our bitcoin unlike any other currency system.

Technically the bitcoin network is safeguarded by miners and still they are not controlling it. In a decentralized system the fact of no power is always should be maintained. That is what happening with bitcoin system too.

It is true. that the US is someone who controls the bitcoin, because we provided a wallet that is where we can control all the things that exist in the bitcoin. and technically indeed bitcoin awake by miners and miners couldn't control the bitcoin network. Run bitcoin network so that it automatically and can not controlled anyone

cluit

legendary

Activity: 1176

Merit: 1016

Quote from: Digital_Lord on October 04, 2016, 04:43:51 AM

Quote from: CraigWrightBTC on September 14, 2016, 11:39:55 AM

There are not people who control the bitcoin (At least for now) because there are not be found weakness of bitcoin, that is why bitcoin become popular and bitcoin's price is expensive, it is something new in the world.

correct. bitcoin is not something that could be controlled by one person. and the other side everyone can control their bitcoins. because everyone is boss in bitcoin this is the best fact in bitcoin.
you have bitcoin mean you are your own bank. and you have full control on your money.

Bitcoin gives us the power of having our own bank which means we could control our bitcoin unlike any other currency system.

Technically the bitcoin network is safeguarded by miners and still they are not controlling it. In a decentralized system the fact of no power is always should be maintained. That is what happening with bitcoin system too.

Digital_Lord

hero member

Activity: 1498

Merit: 502

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: CraigWrightBTC on September 14, 2016, 11:39:55 AM

There are not people who control the bitcoin (At least for now) because there are not be found weakness of bitcoin, that is why bitcoin become popular and bitcoin's price is expensive, it is something new in the world.

correct. bitcoin is not something that could be controlled by one person. and the other side everyone can control their bitcoins. because everyone is boss in bitcoin this is the best fact in bitcoin.
you have bitcoin mean you are your own bank. and you have full control on your money.

wintermeasures

sr. member

Activity: 322

Merit: 250

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?

According To Me Every Person Who Had Bitcoin Now A Days Controls Them Because Its A P2P Currency....
Some People think That China Controls The Bitcoin Because Most Of the Mining Equipment is There but Its Not True.....

Bostonias

newbie

Activity: 97

Merit: 0

Quote from: bitdumper on September 23, 2016, 12:29:47 PM

no body controls it because satoshi made it fully open source and all the transactions are directly stored into the bitcoin netwok and the most common question with this is about blockchain.let me tell you bitcoin is not blockchain. that is a explorer site where everyone can see each others btc related transavtions and balance and so on

In general, the bitcoin is controlled by nobody. But the people with media exposure can influence people's opinion.

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: bitdumper on September 23, 2016, 12:29:47 PM

no body controls it because satoshi made it fully open source and all the transactions are directly stored into the bitcoin netwok and the most common question with this is about blockchain.let me tell you bitcoin is not blockchain. that is a explorer site where everyone can see each others btc related transavtions and balance and so on

While I feel sorry for your over-confidence,I like your post because it still makes some sense or shows that you know what you're talking about unlike other posters.Mate,blockchain is NOT blockchain.info.It's a public ledger of all bitcoin transactions executed.Think of it as "blocks" chained together.On the other side,blockchain.info is a web based wallet and a block explorer.Precisely,gives you details about the transactions.

Please read through this article : http://blogs.wsj.com/cio/2016/02/02/cio-explainer-what-is-blockchain/

Topic: Who controls the Bitcoins? - page 34. (Read 46445 times)