Who controls the Bitcoins? - page 37.

Achargeturry78

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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?

This question is really about who can influence the development of updates and who can block them. Anyone can fork Bitcoin, but suppose there were an upgrade proposed by some very influential people-the core devs-and suppose that it would hard-fork the Bitcoin protocol in some fundamental and controversial way. The core devs say it's a good idea, but maybe they've been paid off by the NSA. The question I will answer here is whether and how such an upgrade could be prevented from becoming standardized

krishna1

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Bitcoin is not Controlled By anyone In The World and It is Invented By a person Named Satoshi Nakamto.....

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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?

That's the beauty of Bitcoin that you can say that no one controls it and at the same time that everyone controls it.

The course of Bitcoin is a bit another thing and in theory it can be controlled by the big wales who are holding lots of Bitcoins. When they decide to sell the course goes down and when decide to buy the course goes up.

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Quote from: zodin on August 05, 2016, 08:13:11 AM

Quote from: Lombard on August 05, 2016, 01:52:33 AM

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 everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise)

yes that is a fact, some people thinks that the chines are controlling bitcoin while some says that the japanies are controlling the bitcoin but i think that that the one who have the bitcoin is the owner of it and he is controlling bitcoin that is in his wallet, and no one controlling the whole bitcoin mean that there is no one controller of bitcoin,

Who thinks of that? Chinese have big role when the price significantly rise or low but it doesn't mean they are controlling it. It's just that the bitcoin price can be move a lot with their big one whole sweep of execution whether to buy or to sold coins.

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Quote from: Lombard on August 05, 2016, 01:52:33 AM

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 everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise)

yes that is a fact, some people thinks that the chines are controlling bitcoin while some says that the japanies are controlling the bitcoin but i think that that the one who have the bitcoin is the owner of it and he is controlling bitcoin that is in his wallet, and no one controlling the whole bitcoin mean that there is no one controller of bitcoin,

agustina2

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Quote from: Barbut on August 05, 2016, 05:07:09 AM

This question leads me to another one, how can someone control bitcoins? Is there any way to one person or company control all the market and price movement? Is that possible?

You mean the price behaviour in some exchanges? There is a so called big whales that literally moves the price but it doesn't mean they are controlling it. They will just start some hype and it's up for the community if they will take the bait whether for price increase or price decrease.

Tanic

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Bit coin was created by Satoshi Nakamoto, but no one knows is that really person or not. This person or group of people created the first protocol about such crypto currency as bitcoin and made first version of the program in which the protocol where realized. That the short story of bitcoin's beginning, more information you can search on the net. And what about the course of bitcoin - it depends from many factors and we are the most strong from it, cause it depends from how actively we buy or sell bitcoins.

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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 is an innovative payment network and a new kind of money that i wont like to shear with anybody

Grin

Barbut

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I really don`t know who control bitcoins, I always thought that people who own bitcoin control it. There is countries with more active users then other, we can say that they have more power to move market then others, their activity can inflict price more if they have a lot of coins in their possession.

This question leads me to another one, how can someone control bitcoins? Is there any way to one person or company control all the market and price movement? Is that possible?

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Quote

Who controls the Bitcoins?

No one in specific controls bitcoin but when it terms of Bitcoin's price, I'm pretty sure there's a group of whales that has a large impact on the bitcoin's price. If they decide to dump some of their coins and they do it altogether, the market will go down. If they decide to fill in their stash, then the price will go up. The decision of that group of whales is equivalent to millions/thousands of bitcoiners dumping or pumping the bitcoin market.

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Quote from: Lombard on August 05, 2016, 01:52:33 AM

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 everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise)

It's not included to control the bitcoin but it's just giving any impact for bitcoin and the control bitcoin means you can control all of the bitcoin elements like, their volume and their price.

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Quote from: OrangeSeller on August 05, 2016, 03:06:51 AM

Quote from: Lombard on August 05, 2016, 01:52:33 AM

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 everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise)

Basically no one can control the main bitcoin. bitcoin is a free currency and everyone is his own bank with the help of bitcoin wallets.
but the big exchanges sites can effect bitcoin and it is price. recently bitfinex got hacked and it effected bitcoin bitcoin price a lot.
so bitcoin is none controllable but bitcoin price can be up and dump by traders, exchangers and miners.

yes generally speaking, Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose the software.

OrangeSeller

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Quote from: Lombard on August 05, 2016, 01:52:33 AM

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 everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise)

Basically no one can control the main bitcoin. bitcoin is a free currency and everyone is his own bank with the help of bitcoin wallets.
but the big exchanges sites can effect bitcoin and it is price. recently bitfinex got hacked and it effected bitcoin bitcoin price a lot.
so bitcoin is none controllable but bitcoin price can be up and dump by traders, exchangers and miners.

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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 everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise)

20kevin20

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It's us controlling it. We're using the currency more on less, and this is the factor making the price change. AFAIK, price goes up as soon as there are more, bigger transactions incoming because that means BTC is looked for by people and it's becoming popular. The more sold, the less the price because it means people are starting to get rid of it. That happened now with Bitfinex, whem people stopped buying BTC and started selling it instead, fearing the end of BTC. The 'hackers' probably sold the $78M they had and now are going to buy BTC again. That means over 10kBTC profit..

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Quote from: danfoda on August 04, 2016, 12:10:32 PM

No one controls bitcoin

Yeah your right the price of bitcoin is always depends in demand and supply but for those who holding a large amount of bitcoin he can still control the price to dump but he can also pump the price if he has already a large amount of fiat to buy more bitcoins.

danfoda

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No one controls bitcoin

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Quote from: Kevin77 on February 09, 2016, 02:46:25 PM

Quote from: Dekker3D on February 09, 2016, 06:20:26 AM

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

Yes, the Chinese markets do have a significant impact on the price but even other exchanges affect the price fluctuations. Bitcoin is therefore controlled by a number of factors that alone affect it in a way whether it's miners, developers and end-users.

I agree Chinese market have a significant impact on price of Bitcoin but they don't have control over Bitcoin. And maybe majority of the mining farm is in their country but as I said, majority of it also was owned by foreign capitalist that the government don't have direct access.

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bitcoin is a digital currency, distributed and decentralized. unlike the dollar printed. bitcoins are managed without any central authority, such as government, company or bank. bitcoin also resistant to inflation.

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Quote from: ImHash on August 03, 2016, 12:01:22 PM

no particular person controls bitcoin but a well established group of rich traders I believe, or you can think all the people and miners control bitcoin.

It may be true, but I see that the control system is bitcoin mining. because any going, halving the price of bitcoin always rises and after halving prices finished bitcoin begins to drop and stable. All of this depends on how the condition of mining system, and for people who hold many of the bitcoin will only be able to master the system depleted supplies after bitcoin bitcoin

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