Topic: Who controls the Bitcoins? - page 46. (Read 46426 times)
As bitcoin is being decentralized, no one have control to it. It is a Peer to Peer Currency with no central power/processing unit. we can say, we have a Wallet with some bitcoin then we have some control to some bitcoins.
Short Answer : NOBODY.
Just like real money, money isn't controlled. The only thing that could change is the price of it by economy.
Just like real money, money isn't controlled. The only thing that could change is the price of it by economy.
Yeh that is the best of this currency, no one controls this coin, so there is no corruption possible like with a normal currency!
And we know Exactly how much Bitcoins there are at the moment and how much we will mine in the future.
It has like a Cap, Bitcoin is Scarce that is why the price is going up there is simply not enough for everyone just like with gold.
And we know Exactly how much Bitcoins there are at the moment and how much we will mine in the future.
It has like a Cap, Bitcoin is Scarce that is why the price is going up there is simply not enough for everyone just like with gold.
bitcoin is decentralitation. no one control bitcoin. its advantages of bitcoin
Correct, people are more attracted towards bitcoin is only because it is decentralized and no one have control over it, neither the government nor the banks, bitcoin is free bird and enjoying freedom at a moment.
bitcoin is decentralitation. no one control bitcoin. its advantages of bitcoin
This video from the princestone course is the best answer imo
https://www.youtube.com/watch?v=AikLs1P4_PA
https://www.youtube.com/watch?v=AikLs1P4_PA
No controls it, thats the whole point. read the satoshi white paper or youtbe bitcoin to find out more.
I don't see how can someone control the bitcoin if don't have min 50% of all distributed coins?
Maybe if we talking about price on exchanges, price is heavily manipulated and controlled by whales.
Miner don't have any control nor they have any influence on price right now.
Price is determined by demand, mining and hashpower only follows demand.
Demand also can be influenced by hype on exchanges.
Maybe if we talking about price on exchanges, price is heavily manipulated and controlled by whales.
Miner don't have any control nor they have any influence on price right now.
Price is determined by demand, mining and hashpower only follows demand.
Demand also can be influenced by hype on exchanges.
I think big miners concentrate a lot of the % of the total hashing power in the world, hence they have the power to influenciate the prices as they seem fit.
Like any assets. The bitcoins are contorlled by the people who hold the bitcoins.
In the end we have to hold and keep the bitcoins, to make the bitcoins strong.
In the end we have to hold and keep the bitcoins, to make the bitcoins strong.
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?
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.
exactly, this is the truth.
Its like in modern a democracy, the people with power (developers=politicans) can do shit and then users can only whine about it xD.
These romantic decentralisation stories arent real, developers + miners control the currency.
The only "power" the users have is to loose money if the developers/miners do some stupid stuff by accident or on purpose.
greetings
well kinda no one controls it but also there are people who have a lot of bitcoins so they can control the price a little bit
No one and everyone. But only if you has bitcoin in wallet you have some control. 
We control the Bitcoin
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?
Who controls the course of Bitcoin?
who control the bitcoin now .I can,t know but now is which person is control bitcoin he is very power full and gods
there is no single entity to control the bitcoin . There is no state, corporation, organization or other central authority bitcoin is maintained by a network of computers. Tens or hundreds of thousands of computers around the world run the bitcoin client, which stores and updates the ‘blockchain’
Bitcoin is the only currency that isn't controlled by anyone and hence the Government hates it as it's the users who control their own coins whether in a bitcoin bank or bitcoin wallet. They aren't regulated as well nor they are taxed which makes it a users driven currency unlike dollars.
Naw, the govs don't hate GOLD so why are you stating this?
Try to cut down hate as a motive for anything, will give you a better live.
No one controls bitcoin since it is decentralised..
But the development of Bitcoin is controlled by very few people. If they have conflict of interest, the value of bitcoin will decrease.
Bitcoin is decentralized and not controlled by any subject.
Blockchain is ledger where all facts are visible and confirmed by miners. All this is like a machine working with no director or supervisor.
Blockchain is ledger where all facts are visible and confirmed by miners. All this is like a machine working with no director or supervisor.
If you know the private key, and theres bitcoin in the address, you control bitcoin.
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