Bitcoin Forum

Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?

Nobody owns the Bitcoin network much like no one
owns the technology behind email. Bitcoin is controlled
by all Bitcoin users around the world. While developers
are improving the software, they can't force a change in
the Bitcoin protocol because all users are free to choose
what software and version they use. In order to stay
compatible with each other, all users need to use
software complying with the same rules. Bitcoin can
only work correctly with a complete consensus among
all users. Therefore, all users and developers have a
strong incentive to protect this consensus.

Yes exactly, no one own bitcoin network, when it means network then it will have hundreds and thousands of computers connected over the internet or wired or in any way. So bitcoin network cant be personal became users across the world usage bitcoin, mine bitcoin so bitcoin network is very large and not a single institutions have control over it.

I believe that everything that's happening between the transactions in Bitcoin is fully automated. Since it's decentralized, nobody is managing the blockchain and nobody has the potential to take away our money. It's only up to you if you're going to let your wallet hacked. Then that's a different case and your money will be taken away.

Satoshi does with the millions of bitcoins he has

The price is determined according to the law of demand and supply that means when demand for bitcoin increases, the price increases and when the demand decreases the price falls so it is correlated with each other.
Now, to manage the whole bitcoin network we need a uniform software (i.e – same, updated and real-time synchronised), for this, there is a team of developers with the title ‘bitcoin core developers’. No one owns bitcoin but the users like you and me control it.

I think today there is no controlling the bitcoin. bitcoin now stands alone. no one can delete or control bitcoin. bitcoin has its own control.

The users of bitcoin are the one who controls it and manage it but nobody owns the bitcoin network. Satoshi is the one who made it but he never owns the bitcoin network. It's like the ocean in the whole world, nobody owns it but everybody are using it for sea transportation and others are using it for their occupational work like fishing and so on and it goes the same to the bitcoin network as well.

Lol. It seems to be a random answer from you buddy. Actually bitcoin wallets are kind of bank and we can control it completely upto transfer out. blocks are control by miners and your all transaction has been differentiated with different blocks and reach the destination some time and its according to fees.

Bitcoin is fully automated and I think bitcoin exist the way it was well the movement of bitcoin was changing because of bitcoin users that affecting it and many involvement is because of us that owns a part of bitcoin further more I can say we or all bitcoin users that is us are the one handling bitcoin currency, and I think bitcoin started to increased by means of mining it and then a lot of methods has been introduced to allocate more bitcoin in the past.

lol... funny thread.
your doubt is something basic, you should read a little about bitcoin to understand how it works. nodes and blockchain are the answer.

Whole community controls the bitcoin as bitcoin is decentralized that mean the one who runs nodes collectively with other who runs bitcoin full nodes and mining controls the bitcoin network. That's why when bitcoin needs to get few updates and modification all of these party should agree upon the same modification.

Obviously no one because bitcoin is completely decentralized and no one gave any control over it. But bitcoin transaction are stored my blockchain ledger I think they could alter our data only when they know our private key so I think bitcoin network is fully automated and secure than traditional bank account database system which could be hacked easily .

Bitcoin are not controlled by anyone. It was developed and released into the world by Satoshi, and then the protocol was distributed to

many people all over the world, and the decision making process left to the people using the technology. If you like what you see, you

run the software and become part of the network... if you do not agree with the protocol, you do not run the software.. plain and simple.

a simple google search would give you these answers, we all control the bitcoin network each person has a differant part to play, some mine others run nodes others offer services and others just use it.

This is false. Data can be altered without the knowledge of your private keys. You *just need* enough hashrate to alter the data (note: This is not as easy as I make it sound).

You need to work on your definition of 'fully automated' and comparisons.

One could argue that this is false. People using online wallets, or SPV wallets don't control anything (besides their own keys obviously). The people running full clients/nodes are the ones that play a role in "controlling" Bitcoin.

Although as a customer of a service (even a free one), you still have the same "control" as you would have as a customer of any other service...

That being that if you decide you don't like the decisions that service is making, you can refuse to use the service any longer.

As such, by using the service, you are indirectly "controlling" Bitcoin by lending strength to the "controlling" decisions that the service makes.

You do make a fair comparison, although I still don't think it completely fits. There isn't a way to properly measure what most of the users think or how they act, however I think a general idea can be seen from 'their experiences/replies'. I highly doubt that a lot of users would quit a service (probably a very small minority) if e.g. blockchain.info supports/doesn't support a certain feature. They can't technically refuse adoption/changes, but can only stop using that particular user. I don't find this adequate to label someone to be 'controlling the network' along with others.

Bitcoin is indirectly managed and run by miners and bitcoin users.Since it is decentralized,it is not controlled by any single individual or entity

no "one" person controls bitcoin. miners confirm the transaction so if somehow someone got a hold of more than 51% of the mining power the could confirm a bad transaction and then indirectly control bitcoin.

Bitcoin is not controlled by anyone or any institution. At the same time it is controlled by all users, being a decentralized platform.
That's one of the beauties of bitcoin  :)

I think what is your mean is Blockchain wallet and not bitcoin network, Blockchain is online wallet until right now it is safe and there are not find the issue about this service, although it is can take our bitcoins.

No one can control bitcoin network, bitcoin network is decentralized, no centralized authority, therefore no one can, but one special case, if someone has more than 51% hashpower, he can attack. Now the hashrate is too big, so it is also impossible

There is none exact controlling authority for the bitcoin network but the majority who are already have a lot of bitcoins are the one who makes big effect in the network.

So if you are going to remember that the bitfinex incident it made the price of bitcoin even though they don't have total control to the network.

But because they have  lost a lot of bitcoins it made a big impact in the network.

Yes, no one controls but bitcoin miners protect bitcoin network with their hash power.
But in other words, we could say miners control bitcoin network but not in their favour but as per bitcoin mining algorithm and in Satoshi's way.
Furthermore we can make classification on miners based on their country, then we could say which country miners are dominating/controlling bitcoin network.

No one.  :)

It will all come down to a question: Who can control it through a lot of bitcoin in his hand?
Own a lot of it then you will see how fast it will move with just thousands of bitcoin to trade or cash it out.

I am going to throw a Spanner into the works now, by saying some developers with commit access have some control over the changes that will or will not be made to the protocol. You still have the choice to go on your own, but if your proposal do not pass the Core team's approval, it will not be considered. Do you agree? ^hmmmm^

This is causing some friction between developers who are not part of the Core team, and the developers on the outside, who wants to contribute, but blocked from the inside. As I said, you are still welcome to do your own thing, and not to include your proposal into the Bitcoin protocol. ^?????^

No, it doesn't come down to that. Having a lot of Bitcoin does not imply any control whatsoever.

This is useless.

I don't. The project is open-source for a reason, and anyone can work on it if they choose to. The developers also think and act independently, as in some may like a set of changes while others won't. I doubt that the developers would reject a (good) proposed implementation just because 'you're not part of Core team'. Also, having commit access to a Github repository does not give you any kind of control over Bitcoin.

Nobody owns the bitcoin network and blockchain,but big bitcoin holders can influence the

bitcoin price.This sin`t such a problem.

Nobody can take our money from the blockchain.

Most people said the same  answer which bitcoin isnt controlled by anyone thats  why its  called  decentralized  cryptocurrency and  thats the good thing about bitcoin. Thats the  beauty about bitcoin we could  make transaction without any hassle  and we are connected  through a  huge network.

Yup! and we don't have to worry about it cause bitcoin is secure so you can trust it but if your wallet provider was thinking to shutdown then I think that would be the time you would lose your bitcoin but I think a bitcoin wallet purpose isn't just for storing bitcoin cause their are many transaction that can be made by using it!

If one person or a group were responsible of the bitcoin network, the result would be a disaster as they would pick random ammounts all days from all till they hold all the bitcoins, or kill it, decentralized means no one has power or control it, sure big miners has influence at the price of bitcoin but besides that they cant do nothing.

I do! And I wouldn't have it any other way.
This is peer-to-peer stuff. There is no bitcoin company, no bank, no government; it belongs to you and I brother.

If commit access to a Github respository gives you no control, why then did they remove Gavin's commit access? The person with the key to the castle, can decide to open the door or to keep it closed. It is for this reason, why several people within the Core team, are given commit access and not only one.

We cannot deny the crucial influence this may have, if someone with malicious intent, could get sole access to that respository. < Sending out false alarms and distributing malicious code, as if it came from the Core team >

Correct me if I am wrong, please. ^smile^

No one individually manages the network and that's the beauty of it, The network runs on nodes and these are just computers running the bitcoin client as node as well as miners who don't directly control anything but just carry transactions.

So many people have already answered here. No one is controling Bitcoin and that was one of the most important reasons it was made. No controling financial institution or governement. If that changes the Bitcoin will fall.

It wont fail it will kill bitcoin concept almost intant, changing something like that or the total supply of bitcoin as we approach the end of the mining period, around 2100, will make the most people to left it. We are into bitcoin because its potencial and beneficts, as all wanna make money into it and wanna save their money as well.

No person or organization controls the Bitcoin. That is the whole point of Bitcoin story, to have independent currency that would exist outside the current worlds financial system. And I think this is also one of the keys for Bitcoin success, people are tired of banks and their monopol and control and the financial crisis they are causing all over the world.

You know, even with a thousand answers a simple search away, people still have a hard time with that concept.

For OP, just to keep my response relevant, the network is simply controlled by people who have miners and so, and there is no-one who "controls" what happens. Things just get confirmed and miners make sure everyone else knows it has been confirmed. Simple as that.

I make the transaction, you make the transaction, every people who transfer bitcoin create the transaction, blockchain is not controled by anyone but overseen by everyone that have connection to it.  No one can take your money unless you give it to them, you can trust bitcoin security more than you trust banks.

You are wrong with one part of your statement. The Blockchain are controlled by the people running the software <protocol> If the majority consensus are reached to change something, it would get done. You as a individual will have no control over that. The only control you will have, is if you side with the majority and run the software they run.

I am getting technical, because it is not totally out of the question that the majority could be influenced to do something, that might not be in their best interest. < Block size debate >

Currently bitcoin network has the support from miners, the big miners that protect bitcoin, to has control over bitcoin you must have 51% the total hash, something that we do believe its impossible, soo as i know bitcoin has no one controlling it its freedom.

Yeah as of now, no one really controls the bitcoin network and it is just like a company without CEO but keeps on earning from its laborers.

But the market of bitcoin it s being controlled by the whales all over the bitcoin industry. But with the bitcoin network no one knows who is the controller of it.

The only personalities who are able to control the network are the devs.

Unless the special interest group somehow guarantee a fixed exchange for the new coin this artificially propping its value and fixing miners aboard. Banks for example could unite and impose their will on the protocol by firing the chain and then establishing an exchange window.

Decentralization is nice thing, for now nobody can't control bitcoin network. It's question how long will stay like that, will miner's have good profit and reason to stay where they are. For them to pay mining expenses price need to be higher every couple months.
Price is determined with demand, so if we have more interested people in bitcoin price tend to rise. It's still very simply with bitcoin, I wonder will things remain the same in the future.

Bitcoin is decentralized which means that no one can control it. Saying this, some of the big miners have influence on Bitcoin but that doesn't mean they control it.

Lets hope that this  trend would continue  on  upcoming years to come. You are right price would  really depend  on the  demand  on bitcoin, the more demand the  less  supply which  could  make the price high but one things for sure  no one controls bitcoin and  no one could  able to do so.

Thats the whole point, no one person or organisation own or control bitcoin, it is software run on many computers around the world that run to set rules that everyone agrees upon.

What are you trying to ask?
Who can make a hardfork or things like that in the coin?

According To Me No One Controls The Bitcoin Network The Persons Who Owns Bitcoin Controls It Because Its A P2P Currency And Being Transfered Person To Person And Also In Future It Is Not Possible That A Single Person Controls It....

No one controls bitcoin network, it is all automated, if there was someone controlling it then it would not have been anonymous nor it has been called different than banks of physical world, just because no one has control on its network that is why it is considered that way.

The answer to your question is that nobody controls the network but everybody who uses the network play their part in securing the network as well as keeping the network growing. It's all about decentralization. Miners to an extent protects the network, they get rewarded for this. Some mining pools such as f2pool, antpool, etc owns huge mining power and control, but they are made up of many small individual miners and they keep moving and shifting to different pools to ensure that no pools get more than 50 percent of the mining pool. This is done to prevent the 51 percent attack.

Instead of considering as no one, we could assume the miners are controlling bitcoin network with their hash power. But each and every miners needs to follow the protocols defined by Satoshi, so there is no need to worry as long as no single miner gets more than 51% of total hash power of bitcoin network.

No one controls or can controled bitcoin. but the network Bitcoin is controlled by all Bitcoin users.

I think the word control here is not the proper way to address the bitcoin users because bitcoin users are the one progressing and the one regressing the movement of bitcoin they can not control this kind of movement by some bitcoin traders have a prediction ahead of them on what kind of movement bitcoin will go so the word control is not really apply that is why there is no one controlling bitcoin.

Yes this is correct info and too see how this owning 51% hash power also known as 51% attack can mess the coin, look at few ETH clone cryptos like shift and krypton. Coin with very low hash power can go through this types of attack, however for someone to own 51% hash power of bitcoin mining is almost impossible due to very high numbers of miners and hashpower.

Each user has a certain network Bitcoin. No one has complete control over it.

technically, nobody/everybody controls bitcoin.

Users. Me, you, and every other user.

the majority will "control". Everything that's has to be made in blockchain needs the "approval" from miners/nodes.

No individual directly controls the Bitcoin network, however users on this forum will say that, by proxy, those with large mining pools or portions of the total (Chinese miners) or those who have a lot of the dev power (Core, Segwit, other competitors) control the network.

It all depends on how you want to look at it. It comes down to whether or not your definition relies on the direct control of the network or control through more subtle means.

There are mice in my computer running on a treadmill confirming transactions. All peers have mice confirmed transactions. So whoever has the most mice will control it.  8)

Why is every body so concerned with the nuances that do not matter? We dont ask those types of questions about oour cars and cell phones which are way more complicated.  Just sayin.

You really need to do the most basic of research before posting on a forum, like these are the most basic of questions you are asking which makes me believe that the question is not even genuine.  you use the words, decentralised, blockchain and ledger, surly to even know of these words in conjunction with bitcoin you would have had to do some research 1st, so how did you not learn that no one controls the bitcoin network at the same time?   ??? ::)