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Topic: Who controls the Bitcoins? - page 44. (Read 46446 times)

hero member
Activity: 532
Merit: 500
May 07, 2016, 04:25:58 AM
#94
Ha ha, who control bitcoin Huh

I'll tell you who actually control bitcoins.

It's controlled by =>Mr Nobody   <= can you see what is in between the two opposite arrow?

Those are the people who have control/influence on bitcoin.

Thank
if OP have 2 years or 1 year on bitcoin world,i think he will no ask about this question,we all know about undecetralize of bitcoin,this is should explain anything,and blockchain also give us slogan "be your own bank" that's clearly tell us that bitcoin not control by anyone.
blockchain provide slogan "be your own bank," but they are online wallet? all the user information stored in the database of the site? and many people say that they could be a scam? it appears that there is any control at their bitcoin?
sr. member
Activity: 308
Merit: 250
The mind is everything. What you think you become.
May 07, 2016, 03:15:01 AM
#93
Ha ha, who control bitcoin Huh

I'll tell you who actually control bitcoins.

It's controlled by =>Mr Nobody   <= can you see what is in between the two opposite arrow?

Those are the people who have control/influence on bitcoin.

Thank
if OP have 2 years or 1 year on bitcoin world,i think he will no ask about this question,we all know about undecetralize of bitcoin,this is should explain anything,and blockchain also give us slogan "be your own bank" that's clearly tell us that bitcoin not control by anyone.
full member
Activity: 196
Merit: 100
May 07, 2016, 01:38:59 AM
#92
Bitcoin does not belong to anyone. This technology can be used by anyone who follows the rules of the currency.
It is not controlled by any central bank.
Everyone can see that this currency does just what it should be, and the greater its creator does not control transactions with Bitcoin.
Now it is done by independent developers. That is Bitcoin was the so-called open source software, which is a free download and use at its discretion.
legendary
Activity: 938
Merit: 1002
May 06, 2016, 11:43:59 PM
#91
Bitcoin is a simplified idea.

The blockchain is bitcoin. The blockchain is held up by nodes and built up by miners. The blockchain is the Ledger, which records a number for every address. That number is added to and subtracted from every time you make and recieve a transaction.

"Bitcoin" is that number.

TL;DR: The community controls bitcoin.
hero member
Activity: 574
Merit: 500
Any store can buy, sell, and accept Crypto
May 06, 2016, 11:17:00 PM
#90
In my point of view bitcoin can not really to control by anyone. It is very difficult to handled all activities of bitcoin.
sr. member
Activity: 420
Merit: 250
May 06, 2016, 11:11:22 PM
#89
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?
All the bitcoin users control the bitcoin but if you have many bitcoin that you store or hoard you can control it than others. Like in the market if you have many stock and others dont have and you hide it. The price will rise and many want to buy it. So that you sell it at high price. So if you have many bitcoin thst you store you can control the price .
hero member
Activity: 840
Merit: 501
May 06, 2016, 11:04:37 PM
#88
no one control bitcoin as i think, because bitcoin is decentralize, that is the reason why many people choose bitcoin because the control is in the user not some big company that can monopolize it
legendary
Activity: 1708
Merit: 1036
May 06, 2016, 07:32:54 PM
#87
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 are two small groups that control bitcoin 100%, the miners and the developers. Either can implement whatever changes they want.

Other may argue the "community" could reject these changes but the community really has no power other than voicing their complaints to those two groups.

Software developers can propose and implement changes to the bitcoin code. Then it is a question of whether the miners implement the changes, changing bitcoin. If a split occurs between miners over a disagreement as to which software should be used, then bitcoin would fork and there would be two chains. Anyone who owned bitcoin would own coins on each chain.

At this point the market of bitcoin users would have to decide which coin(s) they value and how much. Even if most miners went with one version of bitcoin, if actual bitcoin users preferred the coin with the minority of miners, then those miners would reap much greater profits due to the lack of competition. So the miners on the first chain would have a strong incentive to switch to mining the coin with more value.

So I guess you could say the entire market of users has the final say in controlling bitcoin. The developers can try to force a change on miners they don't want, and miners can try to force a change on bitcoin users that the users don't like. But so long as some miners mine the version that users prefer, it is the users (as an entire group) who have ultimate control. And I think that's pretty cool.
hero member
Activity: 854
Merit: 500
May 06, 2016, 07:24:05 PM
#86
Nobody controls bitcoin, i don't really know how it can be controled. Maybe community can change a price a bit by trading but nothing else i think.
full member
Activity: 182
Merit: 100
Qtum • Value Transfer Protocol DAPP Platform
May 06, 2016, 02:04:25 PM
#85
we all control our own bitcoin. until we send it to someone else
newbie
Activity: 48
Merit: 0
May 06, 2016, 01:50:18 PM
#84
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 a good thing as well as bad as anyone can open a bitcoin wallet without any verification and this makes it risky as well. The prices are manipulated by exchanges/markets and the coins in a wallet are controlled by the owner of the wallet via a private key.
full member
Activity: 238
Merit: 100
February 26, 2016, 08:40:15 AM
#83
If you mean by controling the bitcoin its price, then it is supply and demand which control it.
Bitcoin is a decentralized currency so every one who run a node, every miner and every holder, are sharing the control in somehow
That's the beauty of bitcoins that it is not controlled by anyone, any authority. It is the people's currency on which only people have control. That's the best part of it. It can be anyone, holders or miners of bitcoins. Only the people who uses bitcoins are it's owner.

Yep, this is just as its name its suggest. Cryptocurrency. Mean to say it's just about the same as any other currency there is. Noone actually controls them. The general market depends its values.
hero member
Activity: 616
Merit: 500
A day without a buzz is like a day that never was
February 26, 2016, 08:20:24 AM
#82
Ha ha, who control bitcoin Huh

I'll tell you who actually control bitcoins.

It's controlled by =>Mr Nobody   <= can you see what is in between the two opposite arrow?

Those are the people who have control/influence on bitcoin.

Thank
legendary
Activity: 1204
Merit: 1028
February 26, 2016, 05:09:52 AM
#81
If you mean by controling the bitcoin its price, then it is supply and demand which control it.
Bitcoin is a decentralized currency so every one who run a node, every miner and every holder, are sharing the control in somehow
That's the beauty of bitcoins that it is not controlled by anyone, any authority. It is the people's currency on which only people have control. That's the best part of it. It can be anyone, holders or miners of bitcoins. Only the people who uses bitcoins are it's owner.
full member
Activity: 126
Merit: 100
February 24, 2016, 09:22:43 AM
#80
If you mean by controling the bitcoin its price, then it is supply and demand which control it.
Bitcoin is a decentralized currency so every one who run a node, every miner and every holder, are sharing the control in somehow

In theory this is pretty correct, but in practice big miner companies and speculators do have a significant power over the price of the currency and it's own supply and demand. hence we can say they have a level of control over bitcoin.
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
February 24, 2016, 09:18:51 AM
#79
If you mean by controling the bitcoin its price, then it is supply and demand which control it.
Bitcoin is a decentralized currency so every one who run a node, every miner and every holder, are sharing the control in somehow
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
February 24, 2016, 09:11:45 AM
#78
those who control the bitcoin probably are people who invest bitcoin at a high price, where they have bitcoin are huge numbers, allowing them to control the market price of bitcoin
legendary
Activity: 2674
Merit: 1048
February 24, 2016, 09:04:45 AM
#77
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?
undecentralize,its mean bitcoin has no controler,no one or company control bitcoin,but i believe bitcoin in some country controled by exchange and big bitcoin company,not control like fiat or real money,its organized,not controled.
sr. member
Activity: 462
Merit: 250
February 24, 2016, 08:54:29 AM
#76
I think the miners are, because they have the most influence on the network.
But however, Bitcoin is decentralized which means there is no one control it.

At present, the Core team control it. For example, even though many people want earlier block size increase, the 2MBblock size increase will happen in July 2017.

Sadly true, especially when I hear comments like miners can be replaced by Core if they misbehave and dont agree with Core plans which just screams "totalitarian".

The only provable decentralized way how Bitcoin can be governed is original Satoshi plan, one cpu hash = one vote, after all only the hash power gives Bitcoin security and value, so Im not afraid of free market - it works much better than totalitarian systems.

It ultimately comes down to what code miners/users decide to run.  Bitcoin is an open source project, and can be forked by anyone.  I'm with you, the free market will cause bitcoin to succeed in the end.
Everyone controls Bitcoin I think. The economy is very large and the government is also controlling Bitcoin. But you never know what can happen.
It is quite hard to predict for what is coming. If Bitcoin will becoming more popular in the future. Than it will be good.
hero member
Activity: 616
Merit: 500
I AM A SCAMMER
February 24, 2016, 08:14:21 AM
#75
I think the miners are, because they have the most influence on the network.
But however, Bitcoin is decentralized which means there is no one control it.

At present, the Core team control it. For example, even though many people want earlier block size increase, the 2MBblock size increase will happen in July 2017.

Sadly true, especially when I hear comments like miners can be replaced by Core if they misbehave and dont agree with Core plans which just screams "totalitarian".

The only provable decentralized way how Bitcoin can be governed is original Satoshi plan, one cpu hash = one vote, after all only the hash power gives Bitcoin security and value, so Im not afraid of free market - it works much better than totalitarian systems.

It ultimately comes down to what code miners/users decide to run.  Bitcoin is an open source project, and can be forked by anyone.  I'm with you, the free market will cause bitcoin to succeed in the end.
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