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Author Topic: Who controls the Bitcoins?  (Read 46400 times)
zeaderza
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February 13, 2016, 08:08:16 PM
 #61

Bitcoin is a decentalized currency.Bitcoin is controled by people who use it.
If you use bitcoin you control it.Very simple.
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Duomo
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February 13, 2016, 08:32:34 PM
 #62

No one controls bitcoins. Bitcoin was made to be decentralized with no central authority. Maybe you could justify that a large number of bitcoins is held by a few individuals but I wouldn't say one single entity controls bitcoin.
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February 13, 2016, 09:26:02 PM
 #63

The most influential individual on Bitcoin is Satoshi Nakamoto. If Satoshi returned and proposed something brilliant it will be adopted instantly.
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February 13, 2016, 09:30:01 PM
 #64

Not directly but i think big exchanges control the bitcoin price, about development there are the developers.
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February 14, 2016, 12:50:03 AM
 #65

At present, no one is controlling bitcoins nor it will be controlled in future, and if the government will take over on bitcoins, then many people would stop using bitcoins as a currency.
it will never happen dude. bitcoin will not be regulated by anyone, including the government

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February 14, 2016, 01:00:28 AM
 #66

At present, no one is controlling bitcoins nor it will be controlled in future, and if the government will take over on bitcoins, then many people would stop using bitcoins as a currency.
it will never happen dude. bitcoin will not be regulated by anyone, including the government

I hope it will be like u say, but for that we need to work. I think they will try to take over, or at least to make some kind of surveillance. Also there are some banks that will try same thing. We will see how strong btc is when that happen.

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February 14, 2016, 01:17:14 AM
 #67

The most influential individual on Bitcoin is Satoshi Nakamoto. If Satoshi returned and proposed something brilliant it will be adopted instantly.
I think satoshi nakamoto has a hands-off against bitcoin, does not intervene again

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February 14, 2016, 03:53:34 AM
 #68

Bitcoin is a decentalized currency.Bitcoin is controled by people who use it.
If you use bitcoin you control it.Very simple.
i think its not that mean dude. of course we can do anything with bitcoin. but we could not adjust and change what has been set in bitcoin, bitcoin does not belong to anyone
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February 14, 2016, 04:09:33 AM
 #69

Everyone who has bitcoin i guess but mostly group of people who has large volume of bitcoin can manipulate the price by themselves.
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February 14, 2016, 04:14:10 AM
 #70

I think the miners are, because they have the most influence on the network.
But however, Bitcoin is decentralized which means there is no one control it.

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February 16, 2016, 02:17:20 PM
 #71

Bitcoin is a decentalized currency.Bitcoin is controled by people who use it.
If you use bitcoin you control it.Very simple.
I think that's true too. if we do not use bitcoin, bitcoin is certainly going to be unused, the key is the adoption of a person, so in control is our own
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February 23, 2016, 06:11:12 PM
 #72

I think the miners are, because they have the most influence on the network.
But however, Bitcoin is decentralized which means there is no one control it.

At present, the Core team control it. For example, even though many people want earlier block size increase, the 2MBblock size increase will happen in July 2017.

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February 23, 2016, 10:36:07 PM
 #73

Bitcoin is a decentalized currency.Bitcoin is controled by people who use it.
If you use bitcoin you control it.Very simple.
I think that's true too. if we do not use bitcoin, bitcoin is certainly going to be unused, the key is the adoption of a person, so in control is our own

Yeah, and bitcoin cannot be controlled by anyone not at least by the government, as it is decentralized currency and that is the reason people are attracted towards it.
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February 24, 2016, 10:58:27 AM
 #74

I think the miners are, because they have the most influence on the network.
But however, Bitcoin is decentralized which means there is no one control it.

At present, the Core team control it. For example, even though many people want earlier block size increase, the 2MBblock size increase will happen in July 2017.

Sadly true, especially when I hear comments like miners can be replaced by Core if they misbehave and dont agree with Core plans which just screams "totalitarian".

The only provable decentralized way how Bitcoin can be governed is original Satoshi plan, one cpu hash = one vote, after all only the hash power gives Bitcoin security and value, so Im not afraid of free market - it works much better than totalitarian systems.

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February 24, 2016, 01:14:21 PM
 #75

I think the miners are, because they have the most influence on the network.
But however, Bitcoin is decentralized which means there is no one control it.

At present, the Core team control it. For example, even though many people want earlier block size increase, the 2MBblock size increase will happen in July 2017.

Sadly true, especially when I hear comments like miners can be replaced by Core if they misbehave and dont agree with Core plans which just screams "totalitarian".

The only provable decentralized way how Bitcoin can be governed is original Satoshi plan, one cpu hash = one vote, after all only the hash power gives Bitcoin security and value, so Im not afraid of free market - it works much better than totalitarian systems.

It ultimately comes down to what code miners/users decide to run.  Bitcoin is an open source project, and can be forked by anyone.  I'm with you, the free market will cause bitcoin to succeed in the end.

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February 24, 2016, 01:54:29 PM
 #76

I think the miners are, because they have the most influence on the network.
But however, Bitcoin is decentralized which means there is no one control it.

At present, the Core team control it. For example, even though many people want earlier block size increase, the 2MBblock size increase will happen in July 2017.

Sadly true, especially when I hear comments like miners can be replaced by Core if they misbehave and dont agree with Core plans which just screams "totalitarian".

The only provable decentralized way how Bitcoin can be governed is original Satoshi plan, one cpu hash = one vote, after all only the hash power gives Bitcoin security and value, so Im not afraid of free market - it works much better than totalitarian systems.

It ultimately comes down to what code miners/users decide to run.  Bitcoin is an open source project, and can be forked by anyone.  I'm with you, the free market will cause bitcoin to succeed in the end.
Everyone controls Bitcoin I think. The economy is very large and the government is also controlling Bitcoin. But you never know what can happen.
It is quite hard to predict for what is coming. If Bitcoin will becoming more popular in the future. Than it will be good.
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February 24, 2016, 02:04:45 PM
 #77

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?
undecentralize,its mean bitcoin has no controler,no one or company control bitcoin,but i believe bitcoin in some country controled by exchange and big bitcoin company,not control like fiat or real money,its organized,not controled.

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February 24, 2016, 02:11:45 PM
 #78

those who control the bitcoin probably are people who invest bitcoin at a high price, where they have bitcoin are huge numbers, allowing them to control the market price of bitcoin

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February 24, 2016, 02:18:51 PM
 #79

If you mean by controling the bitcoin its price, then it is supply and demand which control it.
Bitcoin is a decentralized currency so every one who run a node, every miner and every holder, are sharing the control in somehow
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February 24, 2016, 02:22:43 PM
 #80

If you mean by controling the bitcoin its price, then it is supply and demand which control it.
Bitcoin is a decentralized currency so every one who run a node, every miner and every holder, are sharing the control in somehow

In theory this is pretty correct, but in practice big miner companies and speculators do have a significant power over the price of the currency and it's own supply and demand. hence we can say they have a level of control over bitcoin.
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