Bitcoin Forum

an important question for me, that no one answered: whoever creates a coin owns it or is it jointly owned by the community that uses it? technically or legally?

This is more of a question of how the gnu works.

The gnu is a license. It's like asking who owns ubuntu. You could say it's the ubuntu foundation but they have sampled Linus Torvalds work and have also copied the works from the Debian team.

With bitcoin it's the same. Bitcoin's backbone is essentially: a database, hashcoins, ecdsa and hashing put together to make what we have today...

So the point is that the community owns the coins. The people who mine would be nothing without those who trade, those who hosted nodes and those who actually develop the code.

yes, you are right.

In my personal opinion when you create a coin you would always want investors to invest and get the coin you created when you bring it out for public or crowd sales through ico you will no longer have ownership of the coin that is owned by an investor and your activities and the activities of holders can affect the price and conditions of the coin so in essence you do not complete own the coin anymore after sales

I think that once the token goes up for ico anyone who buys it now owns the coin so it's jointly owned by the creator and tokenholders.

probably, the one who created, its owner, and we are already as consumers, we do not say that our McDonald's, we just buy burgers there. And we don’t claim any rights other than those for us, for our money, to be well served, another thing, when we already bought a coin, then it is clear that this is ours! Just like that cake - we bought it, it no longer belongs to Mac.

it depends on the coin and the reason why they created it! you can't compare everything with bitcoin and say because bitcoin is certain way then everything else has to be that way too.

if the  coin is designed to be decentralized like bitcoin then nobody owns it, as it is with Satoshi and the reason why he disappeared. such coins will require the whole network to decide for its future because the whole network is the "owner"
but if the coin is designed to be centralized then it is owned by the creators. for example ethereum or ripple.. and whenever they make a decision, that decision is final and any participants can not have a say in it.

It's similar way like open stock to public.
Let say that you own a company and try to gather fund, releasing your stock to public is the common way to gather fund.
If you're the owner want to gather fund, you need to release it into public so they can aware your token !

The team that has the concept they want to develop through ICO are the originators of the coins that will be used to establish the concept to be a reality. Once the ico is ongoing and people start to buy the coins they buyers are the owner of the coins because they purchase it. The team always have their own part of the coin based on the sharing formula for the project.

If you created a coin, you would want it distributed to people who wants to use it and appreciates its value.

If you are the one who solely own it then its just going to be your own and not distributing it. People around you will gladly say, you can take it all for yourself and keep it.
This is why teams are airdropping it so they can see whether people are interested in using it.

This is a good idea to link assets and authorizations.

Once you buy a token it's officially becomes yours but the owners of the token has still some roles to play as to whether the token would rise or fall
So token owners burns left over tokens this can help the success of the token also

Do you now mean that, what we are experiencing today is a result of the coins(Tokens) owners that make the bearish market linger till this day? Or at the bull run the owners cause the bull to be observe before it surface?
Just curious about this whole thing at times.
What i know is; in most cases the owners of coins (Tokens) are foundations or also you can refer to their whitepaper or refer to their team member groups, coins owners can be jointly own or individual.

There is no standard regulation so whoever holds the keys is the owner of the currency. It is up to the creator to make it an open source community owned project.

Cryptocurrency owners aren't the only holders, each coin has got its community. The team keeps the team in an organized fashion and the team decides the tokens distribution. In most cases the CEO holds a major share. Now we've got more than 2000 coins and tokens, each team will be having its own distribution pattern.

in short, the community wons it.

it is depends on the ICO team. there are some team the when the ICO ended and the unsold token will be sent out to unknown address that no one owns.
In the ICO website the coin partition was indicated so you can see there the percentage of partition of allocation of the token.

In my opinion, the most number of coins one has then I think that can be considered top ownership but even though we all have bitcoins though we can be called a few that have ownership there is a huge difference between shareholder and a consumer of a product I really think whales had a big impact to the value then we can assumed that they are a top of the top Ownership with a certain coin that they had invested too.

cryptocurrency does not have a leader, all cryptocurrency can only be used for people who can accept payments using cryptocurrency and for now some countries still prohibit the use of cryptocurrency but that is a small scale compared to receiving cryptocurrency payments.

Coin projects always have developers, this can be called 80% of the coin owners themselves, the community is generally formed after coins become popular and held by many people, developers have special control so that the coins stay alive and have good quality. and has value in the market

Well, coins like Bitcoin and Grin are made up of their community, created by anonymous authors and pushed by enthusiasts.
Then there's corporate coins that have their place in the market, but cannot possibly be as marketable as corporate coins are the opposite of decentralized.

IMO the project creators who are going to implement the exigences in Roadmap are owners. But if you are gonna to create a decentralized digital currency, being the owner of a project does not mean that you can manage it the way you want and it does not really mean anything.

The real owner is the one who created the coin. We are users and holders. We can and dispose of these coins, but still manage the coin, improve it can only creators.

There's no certain info about satoshi and even though he created bitcoin, the value of bitcoin still decides by the community through its demand. So we as users, investors and holders have our own right with the coin we hold.

Credit is already given to satoshi and if ever he has team but due to his description of being anonymous, everyone who buys bitcoin will become the owner of the coin he bought.

If the coins already sold to the public, I think it is not owned by the developer anymore since they cannot control the user anymore. All they have to do is to buy back the coins or to make no progress on their project. If you bought tokens/coins you are the new owner of it so you will be the one to decide whether you will hold it for long term or you will sold it right away.

LEGAL COIN is the property of the creator, as copyright! Technically, its owners become automatic, those who bought it and use it. But still the name of the creator remains!

If you buy a certain coin, you become its full owner. Legal ownership includes three rights: the right of ownership, the right of use and the right of disposal. If you have these three rights, then you are the owner of a thing or item. You own a coin, it is in your wallet and no one can take it away from you. So you have the right of ownership. You can make a profit from it and use it at your discretion. So you have the right to use. You can also sell a coin at any time or simply throw it away. So you also have the right to its disposal. Therefore - you are the full owner of the coin after its purchase.

I also do not really understand as much as I can anyone who can participate in it all can work together in this field as long as they are serious and understand the method that is recommended to my knowledge that is community and if there are careless people who can deal with law coin is a virtual currency Suwatu when it will grow rapidly as in other countries.