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Author Topic: Who controls the Bitcoins?  (Read 46400 times)
CrimBit
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July 06, 2016, 09:00:45 AM
 #161

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?

whales from chinese is the leader of bitcoin price pump or dump.
i think chinese control bitcoin, maybe sathosi nakamoto come from chinese Roll Eyes
drwtsn32
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July 06, 2016, 09:19:56 AM
 #162

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?

whales from chinese is the leader of bitcoin price pump or dump.
i think chinese control bitcoin, maybe sathosi nakamoto come from chinese Roll Eyes


Satoshi Nakamoto being Chinese. That's quite interesting.
Actually my first thought was that Satoshi is asian. Because of the name.
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July 06, 2016, 09:22:38 AM
 #163

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?

whales from chinese is the leader of bitcoin price pump or dump.
i think chinese control bitcoin, maybe sathosi nakamoto come from chinese Roll Eyes

That is my answer also. Whales. Hehehe. Those who have a lot of bitcoin in their hand. Example are companies. Group of people who wants to invest a big amount. They can control it anytime if they want. For now they are silent
 Tasting the profit from last growth.
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July 07, 2016, 11:30:19 AM
 #164

some people says that China is controlling the bitcoin other says that Japan have a strong hold over bitcoin. but i do not believe on these statement. because i dont know that from where the people are estimating these result. my personal view is that the bitcoiner are controlling the bitcoin. if they give support to bitcoin i will certainly grow more and more.

The Chinese are just miners employed by the bitcoin community to secure the bitcoin network. They are just labour.
Yaa the chineses are just the miners. They are making bitcoins and keeping the bitcoin system running. I guess the bitcoiners themselves control the bitcoins as it is the peer to peer transaction. Every bitcoiner is keeping the system running and therefore no one specifically have control over it.
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July 09, 2016, 04:14:54 PM
 #165

according to some people bitocn is control by china some says that japan has a strong hold over bitcoin. but i will like to say that no one is controlling bitocin and that is the beautiy of bitcoin.
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July 09, 2016, 04:39:48 PM
 #166

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?

From coindesk:
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren't printed, like dollars or euros – they're produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

Mostly adopter / Bitcoin Community especially whales control the course of Bitcoin.

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July 14, 2016, 08:39:22 PM
 #167

No one, but rich investors who buy or sell to change the price of BTC at their own will. Thus, BTC is anonymous yet governed by individuals
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July 14, 2016, 10:12:52 PM
 #168

all of us
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July 14, 2016, 10:21:52 PM
 #169

No one, but rich investors who buy or sell to change the price of BTC at their own will. Thus, BTC is anonymous yet governed by individuals

The idea is that nobody is in control, and thus it's called decentralized. No entity can or should control the coin and with that it's future.
But by now we all know now some 'rich guys' a.k.a. Whales are using it for their own benefit. The game played by them will be played for many years, but eventually those big whales, will be small whales.
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July 14, 2016, 10:24:04 PM
 #170

I think that bitcoin now controlls mafia so i think that isrewson because many bitcoin sites arescam and they work on ponzi scheme element.If they are serious owners they would try to kove criminal thing from sites where yku can earn money with bitcoin.
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July 14, 2016, 11:04:16 PM
 #171

The team who controling bitcoin is whales of any nationality , they control the price and if needed they act as one.. same old story! ^^
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July 14, 2016, 11:09:11 PM
 #172

The team who controling bitcoin is whales of any nationality , they control the price and if needed they act as one.. same old story! ^^

Not literally the bitcoin itself, but the bitcoin price. Yes I believe in here since they are the only who can start a panic whether panic buying or panic selling.

And if they succesfully bring the community in their started trend, the next will be the massive pump or dump.
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July 14, 2016, 11:09:52 PM
 #173

The team who controling bitcoin is whales of any nationality , they control the price and if needed they act as one.. same old story! ^^
nothing controls bitcoins, there is no team, the price depends only on people whether they are willing to buy or they are selling, dont know any teams you talk about

 
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July 14, 2016, 11:32:37 PM
 #174

Actually on this capitalist world, markets have the last word in almost every thing that is worth something, and that is why we can observe such unexpected behaviors in the bitcoin price, because these days all the altcoins are only supported by markets to value its price and potential development.
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July 15, 2016, 12:14:22 AM
 #175

according to some people bitocn is control by china some says that japan has a strong hold over bitcoin. but i will like to say that no one is controlling bitocin and that is the beautiy of bitcoin.

But in my opinion bitcoin is not controlled by china or japan pal. I think people tend to follow market prices china so that made it seem like bitcoin prices are controlled by China when that control is our own bitcoin Smiley

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July 15, 2016, 12:48:40 AM
 #176

according to some people bitocn is control by china some says that japan has a strong hold over bitcoin. but i will like to say that no one is controlling bitocin and that is the beautiy of bitcoin.

But in my opinion bitcoin is not controlled by china or japan pal. I think people tend to follow market prices china so that made it seem like bitcoin prices are controlled by China when that control is our own bitcoin Smiley
I think it will controlled by that two powerful country, but i want in the future only users will control the bitcoin base on their demand and how they can use their bitcoin.
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July 19, 2016, 07:16:48 PM
 #177

WE all control btc in some way. Especially miner farmers and just those who have lots of btc (casino owners, for example).

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July 19, 2016, 07:47:09 PM
 #178

Satoshi controls it XD. Anyway i think the entire market of users has the final say in controlling bitcoin. The developers can try to force a change on miners they don't want, and miners can try to force a change on bitcoin users that the users don't like. But so long as some miners mine the version that users prefer, it is the users (as an entire group) who have ultimate control. And I think that's pretty cool.
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July 19, 2016, 10:39:04 PM
 #179

Bitcoin became successful because of the initial trades done in the currency. What first started as a crazy experiment was connected to the real world by people selling actual goods for Bitcoin (for example the infamous 10k BTC pizza). Even if initial trade was purely done for fun or out of curiosity it established a trade value for Bitcoin. Bitcoin's acceptance as a currency is the result of free market dynamics that formed around an artificial set of rules (the Bitcoin protocol).

Bitcoin is not directly controlled by anyone. However, fullnode-operators, miners and developers exert indirect control over Bitcoin. In terms of power the position of large mining pools and Bitcoin developers is the strongest, because they can make decisions on the networks functionality - albeit not to an unlimited degree.

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July 20, 2016, 01:43:58 AM
 #180

Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.

 
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