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Author Topic: Who controls the Bitcoins?  (Read 46400 times)
heldertb
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February 10, 2016, 02:53:24 AM
 #21

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.


yeah i don,t know who  control the bitcoin . only i think about  bitcoin maybe  some one is  control but  don,t know who is now

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February 10, 2016, 03:04:29 AM
 #22

There's no one in full control but let's wait if someone/company get a hold of 75% of all bitcoins then probably in control in term of bitcoins value. There's no one that actually controls bitcoin but someone can control its value.
owm123
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February 10, 2016, 03:28:12 AM
 #23

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?

China basically controls bitcoin mining and trading:

https://www.cryptocoinsnews.com/china-now-controls-bitcoin-thats-just-beginning/
http://themerkle.com/educational/why-china-is-dominating-the-bitcoin-economy/

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February 10, 2016, 03:31:44 AM
 #24

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?



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February 10, 2016, 03:39:11 AM
 #25

Donald Trump will soon control all Bitcoin.
ajun96
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February 10, 2016, 03:54:36 AM
 #26

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.
correct.
bitcoin does not have an owner. bitcoin decentralization, so no controller will use bitcoin, so you will be free of tax, if you're using bitcoin Cheesy
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February 10, 2016, 05:48:48 AM
 #27

Donald Trump will soon control all Bitcoin.

The only way he will be able to do that, is if he has the money to buy it or all the mining farms. In my opinion, he will not become the president of the United States, if that is what you are implying. He could not control all Bitcoins, even if he became the president.

Most mining farms are located in China and other countries, not under the control of the United States. So this will not be possible, even if he wanted to own it.  Tongue

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February 10, 2016, 05:59:40 AM
 #28

Donald Trump will soon control all Bitcoin.

lol dude, every bitcoin wallet id control by their own private keys and its transperent to all. donald trump can't do any shit to bitcoin.
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February 10, 2016, 06:14:47 AM
 #29

no one contols it. if you have a private key then you are the owner of the coins present in them . you can spend them as way you want no one can say any word or can take actions on your coins. this is freedom

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February 10, 2016, 06:48:00 AM
 #30

The Internet controls Bitcoin. If there is no Internet there is no Bitcoin Smiley
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February 10, 2016, 07:28:40 AM
 #31

The Internet controls Bitcoin. If there is no Internet there is no Bitcoin Smiley
No, the bitcoin network just resides along with Internet.  I would say no one controls bitcoin system.
Only some group of people may control the bitcoin prices some times. But that does not mean controlling the total bitcoin ecosystem. In a decentralized environment there is no central power to control bitcoin. it's a free system, exists as per initial protocols by Satoshi.
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February 10, 2016, 07:36:16 AM
 #32

Donald Trump will soon control all Bitcoin.
Thats the spirit!

Hope he'll make its value more than 5k after being elected. Maybe even replace fiat dollar with bitcoin after all the future they say wants paperless environment.

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February 10, 2016, 08:23:27 AM
 #33

The Internet controls Bitcoin. If there is no Internet there is no Bitcoin Smiley

actually no, miners and all other node can connected all their device via lan and have "internet", internet it's not only done via provider you know
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February 10, 2016, 09:05:11 AM
 #34

I have a question, what will happen if a mining pool overtakes the majority of the total hash in bitcoin network?

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February 10, 2016, 11:44:30 AM
 #35

If you know the private key, and theres bitcoin in the address, you control bitcoin.
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February 10, 2016, 12:26:17 PM
 #36

Bitcoin is decentralized and not controlled by any subject.
Blockchain is ledger where all facts are visible and confirmed by miners. All this is like a machine working with no director or supervisor.
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February 10, 2016, 12:35:09 PM
 #37

No one controls bitcoin since it is decentralised..

But the development of Bitcoin is controlled by very few people. If they have conflict of interest, the value of bitcoin will decrease.

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February 10, 2016, 12:36:14 PM
 #38

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.

Naw, the govs don't hate GOLD so why are you stating this?
Try to cut down hate as a motive for anything, will give you a better live.

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February 10, 2016, 01:02:54 PM
 #39

there is no single entity to control the bitcoin . There is no state, corporation, organization or other central authority  bitcoin is maintained by a network of computers. Tens or hundreds of thousands of computers around the world run the bitcoin client, which stores and updates the ‘blockchain’
heldertb
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February 11, 2016, 04:32:23 AM
 #40

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?


who control the bitcoin now .I can,t know but now is which person is control bitcoin he is very power full and gods

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