Cara Navarre (OP)
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August 17, 2012, 05:55:52 AM |
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Who manages all the funds that go through it?
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Cara Navarre (OP)
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August 17, 2012, 06:00:34 AM |
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There isn't one.
Can you explain how that's possible? |
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drakahn
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August 17, 2012, 06:02:54 AM |
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14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
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Cara Navarre (OP)
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August 17, 2012, 06:08:03 AM |
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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.  Thanks! |
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existenz55
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August 17, 2012, 08:30:29 AM |
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All the owners of bitcoins are in charge (the more you have, the bigger part ot the "company" you have).
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Jutarul
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August 17, 2012, 08:50:47 AM |
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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. |
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existenz55
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August 17, 2012, 09:14:39 AM |
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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. |
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Gabi
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If you want to walk on water, get out of the boat
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August 17, 2012, 09:17:07 AM |
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Troll?
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randy-waterhouse
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August 17, 2012, 09:31:50 AM |
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Doing time in noobie holding pen ... |
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existenz55
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August 17, 2012, 09:53:50 AM |
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Doing time in noobie holding pen ... Same here. At least they have to give us water and bread  . |
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Pingywon
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August 17, 2012, 10:13:25 AM |
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Right on. Lame.
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CryptoPath
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May 11, 2013, 04:08:13 PM |
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No company is supervising that !
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Paskoll
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May 11, 2013, 04:32:55 PM |
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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  |
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Raoul Duke
aka psy
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May 11, 2013, 04:37:33 PM |
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Locking this thread. FFS... Why are you guys replying to a 9 months old thread when the OP isn't even around anymore? 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 |
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melvster
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May 11, 2013, 04:38:27 PM |
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Who manages all the funds that go through it?
ICANN |
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