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Topic: Who controls the Bitcoins? - page 35. (Read 46426 times)

sr. member
Activity: 266
Merit: 250
One world One currency, Bitcoin.
September 23, 2016, 01:29:47 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
full member
Activity: 224
Merit: 100
September 23, 2016, 01:05:34 PM
Who in the world controls the bitcoin?
[/quote

I think no one controls bitcoin .
Thats how bitcoin really awesome.
The controller it might be,  the bitcoin users.
hero member
Activity: 713
Merit: 501
September 21, 2016, 04:46:29 AM
Plenty of people thinks that the Chinese people have control over Bitcoin because half of the mining equipment is there. They are the highest earning country in terms of Bitcoin mining but that doesn't mean that they control Bitcoins.

Whales can control the Bitcoin market by doing a pump and dump scam, etc. They can make the market move by just selling their coins or by buying more coins. But, still that doesn't mean the whales control Bitcoins.

No one controls Bitcoins. But because there are people who have invested millions of money into Bitcoin, they can control the market, the mining, etc. They are able to control a part of Bitcoin but not the Bitcoin as a whole.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
September 20, 2016, 06:50:37 AM
bitcoin is anonymous and therefore no one is controlling bitcoin, some people think that china is controlling bitcoin while other says that japan has a better hold on bitcoin i think these are just the false clams and there is no reality in such kind of statement, to me no one is controlling bitcoin.

The Chinese controls the mining of the bitcoin. They have more than 60% of the total hashing power in the world.

Even though they control the mining but still they cant  manipulate or  control the  bitcoins price since  the coin is already spread throughout the world and  not only china  has the  holder of such big amounts. We wont  know since bitcoin is anonymous but for sure there are huge  bitcoins holders out there. The controlers of bitcoins price are us  the people who are using it.
newbie
Activity: 97
Merit: 0
September 20, 2016, 03:13:17 AM
bitcoin is anonymous and therefore no one is controlling bitcoin, some people think that china is controlling bitcoin while other says that japan has a better hold on bitcoin i think these are just the false clams and there is no reality in such kind of statement, to me no one is controlling bitcoin.

The Chinese controls the mining of the bitcoin. They have more than 60% of the total hashing power in the world.
full member
Activity: 224
Merit: 100
September 14, 2016, 03:24:24 PM
bitcoin is anonymous and therefore no one is controlling bitcoin, some people think that china is controlling bitcoin while other says that japan has a better hold on bitcoin i think these are just the false clams and there is no reality in such kind of statement, to me no one is controlling bitcoin.
legendary
Activity: 2030
Merit: 1030
Privacy is always important
September 14, 2016, 02:44:38 PM
I think people who are holding a lots of money or bitcoin that can control the price of bitcoin..
But i think those are big exchange site or trading site who are holding a lot  bitcoin that they can sell them in other trading site.
legendary
Activity: 2436
Merit: 1008
September 14, 2016, 02:33:39 PM
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.

Bitcoin can't be controlled by any institution nor any forms of government body.

And because it can't own, other institutions will make their own version of blockchain which in general, came from the original bitcoin blockchain technology.
hero member
Activity: 1204
Merit: 500
September 14, 2016, 12:42:10 PM
I think bitcoin as the money basically, no one can control it even if the person has a lot of bitcoin. many people try to control and manipulate the price of bitcoin, but in the end it all failed and ended up with no good. Well, I guess we do not need to pay attention to it, we need to do is make bitcoin that we have become a lot
hero member
Activity: 518
Merit: 500
September 14, 2016, 12:39:55 PM
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.
legendary
Activity: 994
Merit: 1000
September 14, 2016, 12:28:02 PM
No one controls bitcoin for sure, thats why its called decentralized platform, if bitcoin was centralized than we may have called bitcoin as another electronic currency rather than cryptocurrrency. And for sure if that was the case, bitcoin will not have the value it has right now.
legendary
Activity: 1596
Merit: 1026
September 14, 2016, 10:11:39 AM
Who controls the Bitcoins?  Greg Maxwell.  Everyone knows that.
legendary
Activity: 1218
Merit: 1000
September 14, 2016, 09:57:22 AM
Actually, the founder of bitcoin is still unknown because I find news mostly very different from one news to other news. But bitcoin fully controlled by software that controls bitcoin already exists on the system. I am sure of bitcoin taken care by many people or companies. But I do not know for sure, maybe here nothing could justify the same so that we can equally understand  Wink
full member
Activity: 210
Merit: 100
September 14, 2016, 06:59:48 AM
Probably no one. Bitcoin is a system and no other 3rd party control it , it is run by computer software which was programmed by satoshi nakamoto (guys says and we belive this, but it is still a history)
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
September 14, 2016, 06:49:39 AM
It's decentralized so only supply and demand mainly control it. Having said that of course there are groups that have a strong influence over it because of the sheer numbers they own or the big mining capacity they have to create more bitcoin. It's said that the Chinese mine most of it now, don't know if that is true or not.
jr. member
Activity: 132
Merit: 2
MR06Q8ZM3194
September 14, 2016, 03:40:31 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?
Knowing that bitcoin started Satoshi Nakamoto and became known in different countries But I think control bitcoin is the traders , especially those big holders of bitcoin so they can be up and down the price of bitcoin . because if there is no control of it may be the bitcoin will not go higher . So traders can also control the bitcoin

The traders just control the price of the bitcoin in very short term. The mass adoption control the price in the long term.
hero member
Activity: 924
Merit: 505
September 10, 2016, 05:40:16 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?
Knowing that bitcoin started Satoshi Nakamoto and became known in different countries But I think control bitcoin is the traders , especially those big holders of bitcoin so they can be up and down the price of bitcoin . because if there is no control of it may be the bitcoin will not go higher . So traders can also control the bitcoin
full member
Activity: 336
Merit: 100
September 10, 2016, 05:29:30 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 my thinking there is no one who controls the bitcoin . still there are some official networks who regulat the amount of bitcoins mines .
and the transaction fee with the name of block has been go for the official creater of bitcoin group .
basically bitcoin works on the algorithm programming .
legendary
Activity: 1596
Merit: 1011
September 10, 2016, 05:17:42 AM
no single person can control the bitcoin. bitcoin is one of the major financial system that is controlled by everybody. may need a minimum of 20% of supply bitcoin, to be able to control the bitcoin.
legendary
Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
September 10, 2016, 05:06:54 AM
Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address
Every time the private keys always become a general thing before you're wanna for using a wallet, and I think we always need for remember that in our mind. for securing the amount for the chance for get lost. but a average people is doesn't know about that or unfamiliar with private key.
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