PhilipPens (OP)
Newbie
Offline
Activity: 31
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 09:15:29 AM |
|
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?
|
|
|
|
shorena
Copper Member
Legendary
Offline
Activity: 1498
Merit: 1530
No I dont escrow anymore.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 09:19:14 AM |
|
Who in the world controls the bitcoin?
Everyone that has a private key for an address that received bitcoin can control these specific bitcoin. I don't understand where it appeared and how it began to be one of the official currencies?
There is nothing official about bitcoin. They are created by an algorithm defined by software people run on their computers and specialized hardware. Over time it became valueable because people declared that it has value to them. Who controls the course of Bitcoin?
A variety of people have influence, but there is no real control.
|
Im not really here, its just your imagination.
|
|
|
RariBest
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 243
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 09:22:54 AM |
|
Bitcoin is decentralized, so basically no one control Bitcoin, but the network. do a search on google, and you will find more information
|
Bitrated user: raribest.
|
|
|
dilinger
Newbie
Offline
Activity: 16
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 09:24:18 AM |
|
I think network of bitcoin who control bitcoin ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 09:42:19 AM |
|
there is no control, that's the beauty of bitcoin, well one can argue that merchants and miners control bitcoin, but that is still the best decentralization you can ever get
|
|
|
|
Pk880058
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 11:19:38 AM |
|
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?
no one can control bitcoin except he'd owning 70% of bitcoin, and bitcoin is decentralized,when bitcoin started to be announced the price is around $1-$5 if i'm not mistaken, and bitcoin growing up until now you are correct the price was $1 and above when it started even one story of pizza man is also their, in the mid the price touched $1000 then it came down back to old price and now it is going steadily towards upward, and it a digital online currency, the price is now mostly manipulated by big players who are holding high bitcoin and playing with it.
|
|
|
|
Dekker3D
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 434
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 11:20:26 AM |
|
No one supposed to control it but it seems the large Chinese bitcoin community is having an effect on the price due to their numbers.
|
|
|
|
Learn007
Newbie
Offline
Activity: 28
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 01:55:53 PM |
|
No one controls bitcoins, that is what i like about bitcoins that is it's decentralized nature. If anyone really controls it than i think they are the Chinese miners which have a great influence on bitcoins.
|
|
|
|
gregyoung14
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 03:20:21 PM |
|
No one controls bitcoins, that is what i like about bitcoins that is it's decentralized nature. If anyone really controls it than i think they are the Chinese miners which have a great influence on bitcoins.
True that. Noone actually 'controls' Bitcoin. Same goes with any other currency out there you know.
|
|
|
|
Kprawn
Legendary
Offline
Activity: 1904
Merit: 1074
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 03:28:13 PM |
|
The people with the highest consensus controls Bitcoin ... Some says about 75%+ = consensus, so for this debate, let's leave it at that. Anyone can submit changes to the code, but for that to change permanently you need majority consensus from other people willing to run that code. There are a few developers with commit access, which was handed down by Satoshi. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
|
|
|
bonski
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 98
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 03:35:12 PM |
|
No one controls bitcoins
|
|
|
|
Snorek
Legendary
Offline
Activity: 1400
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 03:53:49 PM |
|
The people with the highest consensus controls Bitcoin ... Some says about 75%+ = consensus, so for this debate, let's leave it at that. Anyone can submit changes to the code, but for that to change permanently you need majority consensus from other people willing to run that code. There are a few developers with commit access, which was handed down by Satoshi. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) By 'majority' I think it's safe to call Chinese miners. Without their aproval there won't be any consensus. They dictate rules and prices. So it is possible to say that bitcoin is influenced by money and steered by mining farms and whales.
|
|
|
|
Preclus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 04:03:35 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?
There are two small groups that control bitcoin 100%, the miners and the developers. Either can implement whatever changes they want. Other may argue the "community" could reject these changes but the community really has no power other than voicing their complaints to those two groups.
|
|
|
|
yenxz
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 04:11:01 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?
no one control bitcoin,exchange just control bitcoi price in some country,i believe that. and blockchain control the transaction,maybe ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
quadriple7
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 06:00:47 PM |
|
i the creator of bitcoin somehow controls him othervise i dont know who else can control it
|
|
|
|
twister
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 07:06:56 PM |
|
You control your bitcoins in your wallet, other than that it's "for the people, by the people, of the people"
Miners/developers may have some control over the course of bitcoin? Not sure..
|
|
|
|
erikalui
Legendary
Offline
Activity: 2632
Merit: 1094
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 07:29:57 PM |
|
It's not controlled by anyone and hence it's volatile in nature. That's a good thing as well as bad as anyone can open a bitcoin wallet without any verification and this makes it risky as well. The prices are manipulated by exchanges/markets and the coins in a wallet are controlled by the owner of the wallet via a private key.
|
|
|
|
btccashacc
Legendary
Offline
Activity: 1120
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 07:45:48 PM |
|
The people with the highest consensus controls Bitcoin ... Some says about 75%+ = consensus, so for this debate, let's leave it at that. Anyone can submit changes to the code, but for that to change permanently you need majority consensus from other people willing to run that code. There are a few developers with commit access, which was handed down by Satoshi. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) hmmm that's what i think I think network of bitcoin who control bitcoin ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) What network? miner or somebody else? as far as i know that bitcoin is decentralized but i feel like bitcoin is controlled by somebody i dont know why
|
|
|
|
Kevin77
Legendary
Offline
Activity: 1652
Merit: 1057
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 07:46:25 PM |
|
No one supposed to control it but it seems the large Chinese bitcoin community is having an effect on the price due to their numbers.
Yes, the Chinese markets do have a significant impact on the price but even other exchanges affect the price fluctuations. Bitcoin is therefore controlled by a number of factors that alone affect it in a way whether it's miners, developers and end-users.
|
|
|
|
ricardobs
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 09, 2016, 07:53:31 PM |
|
Bitcoin is the only currency that isn't controlled by anyone and hence the Government hates it as it's the users who control their own coins whether in a bitcoin bank or bitcoin wallet. They aren't regulated as well nor they are taxed which makes it a users driven currency unlike dollars.
|
|
|
|
|