Who controls the Bitcoins?

[Cendassi]

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

[crairezx20]

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

I think we are who cotroling bitcoins if there is no investors in bitcoin has no value..
So i think we are the who controling bitcoin..

[Bostonias]

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

I think we are who cotroling bitcoins if there is no investors in bitcoin has no value..
So i think we are the who controling bitcoin..

That is right. If you hold the bitcoin, that will give its value. If you use it a lot, the price will be even higher.

[serjent05]

We will never know who is controlling the bitcoin because the owner of the bitcoin never say that it was his idea to introduce the bitcoin. The maker of the bitcoin never are able to reach so i dont think no one controls the bitcoin.

I think we are who cotroling bitcoins if there is no investors in bitcoin has no value..
So i think we are the who controling bitcoin..

There are different forms of bitcoin control, development, mining (block movement)  and the economy.  As a mere holder, I think we only contro what is in our wallet, but moving it to another wallet is another form of control.  The system relies on the miner to move our bitcoin from one wallet address to another wallet address.  The core and classic team control and debate on the argument of bitcoin development.  So basically it is the people who are involved in bitcoin that has a part on that pie of who control bitcoin.

[seven2smoke]

No one supposed to control it but it seems the large Asian bitcoin community is having an effect on the price due to their numbers.
I mean China

[andyste]

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?

bitcoin nothiing official curencies, satsoshi nakamoto still anonymous
nothing control bitcoin price in the world, is control suply and demand
and you big money in buy big bitcoin so bitcoin price can up, and nothing control is price guard

[ololajulo]

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.

There are nodes that control the level of security of theblockchain . I learnt they are scattered across the globe. Big spender are now investing into the currency now and like earlier saidcontrol the price.

[Leonard2016]

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.

There are nodes that control the level of security of theblockchain . I learnt they are scattered across the globe. Big spender are now investing into the currency now and like earlier saidcontrol the price.

the bitcoin nodes can be run by anybody who wants, you can go to bitcoin.org and download bitcoin core and by running it if you have a good system you become a node too.

and the price is also controlled by the supply and demand not one person or group of perople who spend or not!!!

[RawDog]

the bitcoin nodes can be run by anybody who wants, you can go to bitcoin.org and download bitcoin core

But the bitcoin core that you downloaded is controlled by GMaxwell and Blockstream and you will be running whatever code they say is good for you.  You will be their bitch and you will be using your computer to advance their stupid lightning network and SegWit bullshit that is all part of some stupid alt coin that IS NOT BITCOIN. 

Just because everyone thinks: "well, this is bitcoin core, it must be bitcoin" - that is complete bullshit.  Lightning and SegWit are very stupid alts that do nothing but advance Blockstream's private hold on bitcoin. 

Don't be a dumbfuck - think with your brain.  Don't support 'bitcoin core' which has turned into GMaxwell's personal cryptocurrency project just because he can pull the wool over the eyes of a small number of Chinese miners.  (not a very hard thing to do since those Chinese miners have very slitty eyes in the first place.  You don't need a lot of wool to cover those tiny slits.) 

[socks435]

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.

There are nodes that control the level of security of theblockchain . I learnt they are scattered across the globe. Big spender are now investing into the currency now and like earlier saidcontrol the price.

the bitcoin nodes can be run by anybody who wants, you can go to bitcoin.org and download bitcoin core and by running it if you have a good system you become a node too.

and the price is also controlled by the supply and demand not one person or group of perople who spend or not!!!

If we are relaying on the price of bitcoin who are controlling the price is always demand and supply and i think we are the one who are control bitcoin the more you invest in bitcoin the more the price will increase for bitcoin.. but if all people are selling their bitcoin expect that bitcoin price will decrease soon..

[ivanst776]

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?

I think that bitcoin is being controlled by a small team and from some individuals who are early adopters of bitcoin.

Another one who can control the bitcoin are these big exchanges who have a very large volume of bitcoin.

We have seen how much was the bitcoin price affected last time when bitfinex was hacked.

[TKeenan]

just because he can pull the wool over the eyes of a small number of Chinese miners.  (not a very hard thing to do since those Chinese miners have very slitty eyes in the first place.  You don't need a lot of wool to cover those tiny slits.) 

What kind of a racist fucking asshole are you anyway?! 

[tabas]

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?

I think that bitcoin is being controlled by a small team and from some individuals who are early adopters of bitcoin.

Another one who can control the bitcoin are these big exchanges who have a very large volume of bitcoin.

We have seen how much was the bitcoin price affected last time when bitfinex was hacked.

I think that small team is being called as the big whales in the bitcoin industry. I think they are the hoarders or people who are holding a lot of bitcoins. And every single movement that they are able to do is going to make the bitcoins price movement very big. And with the bitfinex incident, I can clearly tell that they have a really big contribution in the market.

[dihari]

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 is a terminology called decentralized. And bitcoin used that system.
But for your theory conspiracy's hungry, I can say, maybe it controlled by some group that make bitcoin as a new world order part.

[naidray]

There are not people who control the bitcoin (At least for now) because there are not be found weakness of bitcoin, that is why bitcoin become popular and bitcoin's price is expensive, it is something new in the world.

correct. bitcoin is not something that could be controlled by one person. and the other side everyone can control their bitcoins. because everyone is boss in bitcoin this is the best fact in bitcoin.
you have bitcoin mean you are your own bank. and you have full control on your money.

Bitcoin gives us the power of having our own bank which means we could control our bitcoin unlike any other currency system.

Technically the bitcoin network is safeguarded by miners and still they are not controlling it. In a decentralized system the fact of no power is always should be maintained. That is what happening with bitcoin system too.

It is true. that the US is someone who controls the bitcoin, because we provided a wallet that is where we can control all the things that exist in the bitcoin. and technically indeed bitcoin awake by miners and miners couldn't control the bitcoin network. Run bitcoin network so that it automatically and can not controlled anyone

I do not agree that bitcoin is controlled by the USA because bitcoin is totally decentralized, which means that it is not controlled by any government so how would you say that bitcoin is controlled by the USA. Bitcoin is competely controlled by the community that uses it. Maybe USA has more number of bitcoin users but that is not meant for controlling over it.

[TKeenan]

There are not people who control the bitcoin (At least for now) because there are not be found weakness of bitcoin, that is why bitcoin become popular and bitcoin's price is expensive, it is something new in the world.

correct. bitcoin is not something that could be controlled by one person. and the other side everyone can control their bitcoins. because everyone is boss in bitcoin this is the best fact in bitcoin.
you have bitcoin mean you are your own bank. and you have full control on your money.

Bitcoin gives us the power of having our own bank which means we could control our bitcoin unlike any other currency system.

Technically the bitcoin network is safeguarded by miners and still they are not controlling it. In a decentralized system the fact of no power is always should be maintained. That is what happening with bitcoin system too.

It is true. that the US is someone who controls the bitcoin, because we provided a wallet that is where we can control all the things that exist in the bitcoin. and technically indeed bitcoin awake by miners and miners couldn't control the bitcoin network. Run bitcoin network so that it automatically and can not controlled anyone

I do not agree that bitcoin is controlled by the USA because bitcoin is totally decentralized, which means that it is not controlled by any government so how would you say that bitcoin is controlled by the USA. Bitcoin is competely controlled by the community that uses it. Maybe USA has more number of bitcoin users but that is not meant for controlling over it.

Donald Trump controls all the Bitcoins!

[kiklo]

China's Government Controls BTC through their control of the Chinese Mining Pools which are over 51% .
BTC became Centralized over a Year ago.

In his Bitcoin paper, Satoshi identified several issues, with the 51% attack being the greatest.

http://www.btcpedia.com/bitcoin-51-attack/

What Is Bitcoin 51% Attack, Should I Be Worried ?
Posted by Vinay Prashar • April 21, 2013 • Misc • 1 Comment

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Every cryptocurrency, which is related to mining is subject to a 51% attack. In Bitcoin, miners control the network, If a pool operator had 51% of the network, he could always have the “longest blockchain” and decide where all new bitcoins belong.  In effect, bitcoin will continue, but no one can transfer their bitcoins to other users. In order to maintain a perfectly working bitcoin currency, no one single entity should ever have control of 51%, or greater, of the total network hashing power

    If a miner gains 51% or more power, he is capable to:

    Reverse transactions that he sends while he’s in control. This has the potential to double-spend transactions that previously had already been seen in the block chain.
    Prevent some or all transactions from gaining any confirmations.
    Prevent some or all other miners from mining any valid blocks.
 

So what is the 51% attack? To understand that you have to understand how Bitcoin works. Essentially Bitcoin is a collection of nodes performing “virtual work”, the more work you do the higher your rating on the network. So what happens when malicious users get together and manage to do more “virtual work” than the “good people” ? Well that is the 51% attack, and it basically means you can wake up tomorrow with zero Bitcoins in your wallet. It means any business that accepts Bitcoins can get robbed and have all their goods taken with fake Bitcoins. It also means if they wanted, governments, large corporations or hackers can “shut down the network” by refusing to accept any new transactions. Complete network shutdown. Can’t do anything with your Bitcoins, neither can anyone else.

 

[PancherBitCoin]

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?

I do not know anything and did not know before, but after about Chinese companies are engaged in bitcoin, came to my eyes, I realized that control to a greater extent belongs to China. Maybe I'm wrong, but this is my opinion.

[Selly Arumsari]

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?

i am not so familiar with this question, but I knew each person control their coin ..

[Digitalbitcoin]

At initial stage when bitcoin was just born, at that time certain group of people was controlling Bitcoin. But as time laps and, value and importance of bitcoin increase it becomes more stable and decentralized. Basically Bitcoin is P2P (Peer to Peer) Currency, so as many users enter in to network and everyone in network having Bitcoins in their wallet controls Bitcoin.