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Topic: Who controls the Bitcoins? - page 7. (Read 46445 times)

sr. member
Activity: 490
Merit: 251
Revolutionizing Brokerage of Personal Data
January 29, 2017, 12:05:26 PM
Couple of rich person? Goverment? Companies? I think none of them. Bcz bitcoin works only when all users meet same idea.You, me, we r all controlling bitcoin. Like e-mail system.

May be developer fix or add to software but they cant change Bitcoin protocol. Otherwise can not be compatible.

On the other hand if we ask; Who has more bitcoin? I think China. In a different perspective we can say China control %40-60 bitcoin in the world. 
legendary
Activity: 1218
Merit: 1000
January 29, 2017, 11:18:29 AM
Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed 

I'm not agree with your conclusions, bitcoin isn't controlled by any government and couldn't be prohibited. Governments could block exchanges could block shops accepting bitcoins, but its very difficult to block its citizens to have bitcoins. Nowadays bitcoin has a very low influence on economy of most of the countries.
very honestly it is not inpossible for the governnmens to stop thier people from using bitcoin. they can do so very easily.
I also do not agree if bitcoin is controlled by the government. I would argue, that can control is bitcoin, bitcoin users themselves. Well, the price will not go down if there is no panic selling, and it only happens when the user, BTC sell all that they have simultaneously.
hero member
Activity: 770
Merit: 500
January 29, 2017, 10:55:17 AM
Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed  

I'm not agree with your conclusions, bitcoin isn't controlled by any government and couldn't be prohibited. Governments could block exchanges could block shops accepting bitcoins, but its very difficult to block its citizens to have bitcoins. Nowadays bitcoin has a very low influence on economy of most of the countries.
very honestly it is not impossible for the governments to stop their people from using bitcoin. they can do so very easily. but i think still no government still find it as against any of their policy and that is the reason that they do give any statement about bitcoin that  either bitcoin is legal or illegal, but very hopeful they will give a positive statement about bitcoin and will consider it as legal currency.
legendary
Activity: 1470
Merit: 1001
January 29, 2017, 07:08:24 AM
Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed 

I'm not agree with your conclusions, bitcoin isn't controlled by any government and couldn't be prohibited. Governments could block exchanges could block shops accepting bitcoins, but its very difficult to block its citizens to have bitcoins. Nowadays bitcoin has a very low influence on economy of most of the countries.
legendary
Activity: 1134
Merit: 1598
January 29, 2017, 06:51:14 AM
Bitcoin was created by satoshi as a decentralized currency. But, since china has huge mining power, most of the bitcoins are mined by chinese miners.Obviously, chinese hold majority of bitcoins so that they could decide the price of bitcoin. For every small changes occuring in china related tl bitcoin, it has a world wide impact.Its not good for bitcoin progress. Unfortunately, we have to accept that china controls the Bitcoin.

How does china control Bitcoin?  If you look at the mining charts, though several mining farm is located at china, it does not mean that chinese government own them.  This are different company with different people.  So there is no way that China is controlling bitcoin

Not the government. It's about the total percentage of online mining hardware. These mining farms may be low (in number), but they are HUGE. Just write "bitcoin farm china" on Google and look up some images and see how big they are. As far as I know, they control over 68% of the total mining hash speed.
legendary
Activity: 1414
Merit: 1001
January 29, 2017, 06:15:44 AM
i dont think anyone controlls it..... most of the people are saying that china controls it but i dont think so...... i think a huge number of invester and user of bitcoins are from china and most of the mining companies are from china which has a impact on its price but i dont think they control it.....
which controls bitcoin should definitely have a very large number. I thought it was supposed to be a community. because if one person then it looks impossible. a group of people from several countries could make an alliance to control the bitcoin in world financial markets.
I agree with you . this time there must be a great force hidden. they have a specific purpose, maybe in the future they could be controlling the price of bitcoin. we must be prepared for any eventuality. they have the amount of money very much.
hero member
Activity: 896
Merit: 500
January 29, 2017, 06:12:54 AM
Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed 
legendary
Activity: 1596
Merit: 1011
January 29, 2017, 06:08:05 AM
i dont think anyone controlls it..... most of the people are saying that china controls it but i dont think so...... i think a huge number of invester and user of bitcoins are from china and most of the mining companies are from china which has a impact on its price but i dont think they control it.....
which controls bitcoin should definitely have a very large number. I thought it was supposed to be a community. because if one person then it looks impossible. a group of people from several countries could make an alliance to control the bitcoin in world financial markets.
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
January 29, 2017, 06:05:47 AM
Is it so hard to document yourself a little? Just search on google "bitcoin". You can learn the basic info about bitcoin on this website: https://bitcoin.org/en/. Bitcoin is a decentralized crypto-currency. So it is not controlled by an authority. Every person who has access to a bitcoin address with coins in it has 100% control over them unless he/she gets hacked.

Now the person who created bitcoin is "Satoshi Nakomoto". We don't know if that is the real name or a pseudonym,but he created the code and algorithm for the first and most powerful crypto-currency in the world.
Yeah thats right , You can learn bitcoin by just searching bitcoin on google. It is you choice if you want to learn it or not . Every thing will shown up like the man who created bitcoin. Some sites are teaching you how to earn bitcoin legally.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
January 29, 2017, 05:56:32 AM
Is it so hard to document yourself a little? Just search on google "bitcoin". You can learn the basic info about bitcoin on this website: https://bitcoin.org/en/. Bitcoin is a decentralized crypto-currency. So it is not controlled by an authority. Every person who has access to a bitcoin address with coins in it has 100% control over them unless he/she gets hacked.

Now the person who created bitcoin is "Satoshi Nakomoto". We don't know if that is the real name or a pseudonym,but he created the code and algorithm for the first and most powerful crypto-currency in the world.
newbie
Activity: 38
Merit: 0
January 29, 2017, 05:46:27 AM
if you have bitcoin you control a part of it, simple as that
hero member
Activity: 2408
Merit: 584
January 29, 2017, 04:34:10 AM
Nobody controls all the Bitcoins, let alone "Bitcoin" as a whole -- but that's not quite important when it comes to the idea of Bitcoin. Because what is important is that you control your Bitcoin. In its core this is what Bitcoin is about.
you are right and i think we control bitcoin.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
January 28, 2017, 10:05:23 PM
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?
Actually it is no one can tell you that who is controlling bitcoin because the the founder of bitcoin is fully unknown for the world , So no one can found that Person who is the actual controller .
But in my opinion the controller of the bitcoin may be the owner of the blockchain wallet .
Because everyone saying that blockchain is a official bitcoin wallet , it means the bitcoin is owned by the blockchain owner and they are controlling .
But these are my thinking and opinion and I can't give any proof for this that who is actually controller .
One thing should be noticed that the bitcoin is only a program scrip which is very complicated to solve , and it is only online written data in internet but it is about impossible to erase this .
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
January 28, 2017, 09:27:14 PM
Nobody controls all the Bitcoins, let alone "Bitcoin" as a whole -- but that's not quite important when it comes to the idea of Bitcoin. Because what is important is that you control your Bitcoin. In its core this is what Bitcoin is about.
I think not nobody?we are who control bitcoin if we are gone someday bitcoin will reduce the price or gone.. since bitcoin is depends in demand and supply people who are trading with bitcoin is one who helping to support increase the price or decrease the price just for buy low and sell high..


Read the whole history of Ghash.io
A lot of the useful story in there. About the Bitcoin network control and it is a possible thing. Controlling the network of bitcoin. I think it more about the big influence on the bitcoin network.
hero member
Activity: 1092
Merit: 501
January 28, 2017, 04:13:06 PM
If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.
And the bitcoin is not having such elements to be the legitimate currency, it's not about the controlling of bitcoin. So, bitcoin is so far being accepted by the government.
Not surely, even there are a lot of chances to controlling the network of bitcoin.
It is a wonder that there are people reasoning like this and yet they are in this forum and even participating in signature campaigns, does not the campaign managers go through all that?

Bitcoin is decentralized by nature, making it free from the control of anyone or group of persons, but that is on the premise that the community plays its role effectively and not go to sleep thinking all would be well. For anyone that is truly abreast with developments in this industry, the Chinese are fast cornering Bitcoin!
Don’t underestimate bitcoin and its resistance, china have most of the miners because it has very cheap electricity but if bitcoin keeps increasing in price then suddenly more places will become able to have mines due to profitability.
sr. member
Activity: 247
Merit: 250
January 28, 2017, 02:01:52 PM
Nobody controls all the Bitcoins, let alone "Bitcoin" as a whole -- but that's not quite important when it comes to the idea of Bitcoin. Because what is important is that you control your Bitcoin. In its core this is what Bitcoin is about.
I think not nobody?we are who control bitcoin if we are gone someday bitcoin will reduce the price or gone.. since bitcoin is depends in demand and supply people who are trading with bitcoin is one who helping to support increase the price or decrease the price just for buy low and sell high..

In general, the level of production bitcoin, which will be closer to the end has a large impact on the price of bitcoin. Therefore, the user has control and it is the number of users creates demand, and uniquely his proposal.
hero member
Activity: 1456
Merit: 624
Maintain Social Distance, Stay safe.
January 28, 2017, 01:44:58 PM
Nobody controls all the Bitcoins, let alone "Bitcoin" as a whole -- but that's not quite important when it comes to the idea of Bitcoin. Because what is important is that you control your Bitcoin. In its core this is what Bitcoin is about.
I think not nobody?we are who control bitcoin if we are gone someday bitcoin will reduce the price or gone.. since bitcoin is depends in demand and supply people who are trading with bitcoin is one who helping to support increase the price or decrease the price just for buy low and sell high..
full member
Activity: 150
Merit: 100
January 28, 2017, 01:28:25 PM
i dont think anyone controlls it..... most of the people are saying that china controls it but i dont think so...... i think a huge number of invester and user of bitcoins are from china and most of the mining companies are from china which has a impact on its price but i dont think they control it.....
If you just look at things properly, then we can immediately say unequivocally that the control functions performed by the users themselves cryptocurrency creating a whole network. Affect it no one can. Otherwise, it would not be decentralized bitcoin.
sr. member
Activity: 476
Merit: 250
January 28, 2017, 01:10:46 PM
Just found some awesome FREE mining software.

Design looks great and makes it so easy to use.

If you are looking for mining software don't look any further.

https://www.cryptoglance.org
In such opportunities no action with respect to the conceptual design and even intuitive understanding.
hero member
Activity: 798
Merit: 500
January 28, 2017, 01:08:41 PM
Nobody controls all the Bitcoins, let alone "Bitcoin" as a whole -- but that's not quite important when it comes to the idea of Bitcoin. Because what is important is that you control your Bitcoin. In its core this is what Bitcoin is about.
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