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Title: What company is in charge of the Bitcoin network? Post by: Cara Navarre on August 17, 2012, 05:55:52 AM Who manages all the funds that go through it?
Title: Re: What company is in charge of the Bitcoin network? Post by: ColdHardMetal on August 17, 2012, 05:56:53 AM There isn't one.
Title: Re: What company is in charge of the Bitcoin network? Post by: Cara Navarre on August 17, 2012, 06:00:34 AM There isn't one. Can you explain how that's possible? Title: Re: What company is in charge of the Bitcoin network? Post by: drakahn on August 17, 2012, 06:02:54 AM ... wow
read this : http://bitcoin.org/bitcoin.pdf Title: Re: What company is in charge of the Bitcoin network? Post by: Cara Navarre on August 17, 2012, 06:08:03 AM Okay, so the rules and who owns what is agreed by consensus in the computing network?
Gotcha. Also, I just read the Wikipedia article again. :P Thanks! Title: Re: What company is in charge of the Bitcoin network? Post by: existenz55 on August 17, 2012, 08:30:29 AM All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have).
Title: Re: What company is in charge of the Bitcoin network? Post by: Jutarul on August 17, 2012, 08:50:47 AM All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have). Not quite. It's the miners, and they don't have to hold the bitcoins for long - just sell them asap for an operational profit. Title: Re: What company is in charge of the Bitcoin network? Post by: existenz55 on August 17, 2012, 09:14:39 AM All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have). Not quite. It's the miners, and they don't have to hold the bitcoins for long - just sell them asap for an operational profit. Yes that is corect. But the more you have, the more power you have ( you can speculate whit the price and etc). I am not talking about 1000-10000 BTC. I am talking for people whit more then 10 000 BTC. Title: Re: What company is in charge of the Bitcoin network? Post by: Gabi on August 17, 2012, 09:17:07 AM Troll?
Title: Re: What company is in charge of the Bitcoin network? Post by: randy-waterhouse on August 17, 2012, 09:31:50 AM Doing time in noobie holding pen ... :P
Title: Re: What company is in charge of the Bitcoin network? Post by: existenz55 on August 17, 2012, 09:53:50 AM Doing time in noobie holding pen ... :P Same here. At least they have to give us water and bread :). Title: Re: What company is in charge of the Bitcoin network? Post by: Pingywon on August 17, 2012, 10:13:25 AM Right on. Lame.
Title: Re: What company is in charge of the Bitcoin network? Post by: CryptoPath on May 11, 2013, 04:08:13 PM No company is supervising that !
Title: Re: What company is in charge of the Bitcoin network? Post by: Paskoll on May 11, 2013, 04:32:55 PM All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have). Not quite. It's the miners, and they don't have to hold the bitcoins for long - just sell them asap for an operational profit. Yes that is corect. But the more you have, the more power you have ( you can speculate whit the price and etc). I am not talking about 1000-10000 BTC. I am talking for people whit more then 10 000 BTC. That will be me then! Oh wait.. I only have 0.004 :( Title: Re: What company is in charge of the Bitcoin network? Post by: Raoul Duke on May 11, 2013, 04:37:33 PM Locking this thread.
FFS... Why are you guys replying to a 9 months old thread when the OP isn't even around anymore? Quote Name: Cara Navarre Posts: 29 Position: Jr. Member Date Registered: August 17, 2012, 05:43:34 AM Last Active: August 19, 2012, 12:51:03 PM Title: Re: What company is in charge of the Bitcoin network? Post by: melvster on May 11, 2013, 04:38:27 PM Who manages all the funds that go through it? ICANN |