Topic: Who controls the Bitcoins? - page 47. (Read 46426 times)
I have a question, what will happen if a mining pool overtakes the majority of the total hash in bitcoin network?
The Internet controls Bitcoin. If there is no Internet there is no Bitcoin 
actually no, miners and all other node can connected all their device via lan and have "internet", internet it's not only done via provider you know
Donald Trump will soon control all Bitcoin.
Thats the spirit! Hope he'll make its value more than 5k after being elected. Maybe even replace fiat dollar with bitcoin after all the future they say wants paperless environment.
The Internet controls Bitcoin. If there is no Internet there is no Bitcoin
No, the bitcoin network just resides along with Internet. I would say no one controls bitcoin system. Only some group of people may control the bitcoin prices some times. But that does not mean controlling the total bitcoin ecosystem. In a decentralized environment there is no central power to control bitcoin. it's a free system, exists as per initial protocols by Satoshi.
The Internet controls Bitcoin. If there is no Internet there is no Bitcoin
no one contols it. if you have a private key then you are the owner of the coins present in them . you can spend them as way you want no one can say any word or can take actions on your coins. this is freedom
Donald Trump will soon control all Bitcoin.
lol dude, every bitcoin wallet id control by their own private keys and its transperent to all. donald trump can't do any shit to bitcoin.
Donald Trump will soon control all Bitcoin.
The only way he will be able to do that, is if he has the money to buy it or all the mining farms. In my opinion, he will not become the president of the United States, if that is what you are implying. He could not control all Bitcoins, even if he became the president.
Most mining farms are located in China and other countries, not under the control of the United States. So this will not be possible, even if he wanted to own it.
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.
correct. bitcoin does not have an owner. bitcoin decentralization, so no controller will use bitcoin, so you will be free of tax, if you're using bitcoin
Donald Trump will soon control all 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 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?
China basically controls bitcoin mining and trading:
https://www.cryptocoinsnews.com/china-now-controls-bitcoin-thats-just-beginning/
http://themerkle.com/educational/why-china-is-dominating-the-bitcoin-economy/
There's no one in full control but let's wait if someone/company get a hold of 75% of all bitcoins then probably in control in term of bitcoins value. There's no one that actually controls bitcoin but someone can control its value.
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.
yeah i don,t know who control the bitcoin . only i think about bitcoin maybe some one is control but don,t know who is now
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.
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. The people with the highest consensus controls Bitcoin ... Some says about 75%+ = consensus, so for this debate, let's leave it at that. Anyone can
submit changes to the code, but for that to change permanently you need majority consensus from other people willing to run that code. There are a few
developers with commit access, which was handed down by Satoshi.
submit changes to the code, but for that to change permanently you need majority consensus from other people willing to run that code. There are a few
developers with commit access, which was handed down by Satoshi.
hmmm that's what i think
I think network of bitcoin who control bitcoin
What network? miner or somebody else?as far as i know that bitcoin is decentralized but i feel like bitcoin is controlled by somebody i dont know why
It's not controlled by anyone and hence it's volatile in nature. 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.
You control your bitcoins in your wallet, other than that it's "for the people, by the people, of the people"
Miners/developers may have some control over the course of bitcoin? Not sure..
Miners/developers may have some control over the course of bitcoin? Not sure..
i the creator of bitcoin somehow controls him othervise i dont know who else can control it
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