Who controls the Bitcoins?

[MONKEYJUNK]

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?

Well,I heard that  China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

That's true that most of the miners are found in China and there are a lot of farms there but still I'm not sure if those miners knows each other there is a company that runs all of those farms. And you are right with it, even though how many Chinese people have the most mining farms still no one will able to control it.

Miners just confirm the transactions, maybe they can earn a lot of money and control the price however I think the question of OP is about things like who make updates in the code, who decide about the blocksize, who make updates and things like that.

[MTBTT]

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?

Well,I heard that  China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

just as most of the china was a miner and a very large bitcoin users in china it will not make bitcoin can be regulated and controlled. I think no one will be able to control the bitcoin

[Douglazzz]

I think the controller of bitcoin is the goverment , or the operator nationwide.  

[croutonhexagon]

Bitcoin is anonymous and automated and no one have control over it. None can alter  the system. It's all controlled by bitcoin miners around the world and there are more than 1000 miners. And obviously in future also no one can control the bitcoin because it's decentralized and anonymous.

[ashiqdey]

obviously no one controls bitcoin. it's fully automated and decentralized and no one could every control also. well you might hear that China is controlling bitcoin or such news but that means that China is controlling the price by investing and trading more with bitcoin.

[clickerz]

Bitcoin is anonymous and automated and no one have control over it. None can alter  the system. It's all controlled by bitcoin miners around the world and there are more than 1000 miners. And obviously in future also no one can control the bitcoin because it's decentralized and anonymous.

You have a point here, all we can control here is the market movement because we as a community has a say or can dictate its movement as long as we can decide as one. But sometimes, speculation affects bitcoin prices too.

[Fatanut]

I think the controller of bitcoin is the goverment , or the operator nationwide.  

If you really think that is true, then you should do some research. Bitcoin is fully anonymous and no one can control the network since it's decentralized. The government can't control the network. There's no "operator" nationwide since every one is just using the same bitcoin network. Or perhaps you were referring to online exchanger. If so, then they don't have any control over bitcoin. They just convert your bitcoins into fiat and vice versa.

[Doamader]

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?

Well,I heard that  China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

The big miners even being present into China, they dont control bitcoin, the early adopters are the one wich can control, meaning affect bitcoin, since they hold a huge ammount, even with miners generating new coins daily, the early adopters as investors does have a lot control over bitcoin.

[stark101]

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?

Actually i dont really have any idea who controls the bitcoins. But as my opinion, i think the users itself  of bitcoin controls it. I dont care who controls bitcoin as long as it really help to the users especially in earning extra money.

We have the same opinion about this question. The one who controls bitcoin are the users themselves. Since we are the one in control on all of the transactions happening in bitcoin. Yeah, there is no central authority but the overall control is in the users' hands. The price, the flow of trade and the exchange rely on the decisions of the users.

yes, since bitcoin is an open source well only users can handle and can control it. So this means, that anyone can use bitcoin and anyone can participate in the development of the bitcoin. Because bitcoin produced by people  and increasingly  businesses. But Satoshi Nakamoto was the one who develop the bicoin but it doesn't mean that he himself controls bitcoin.

[tee-rex]

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?

Well,I heard that  China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

That's true that most of the miners are found in China and there are a lot of farms there but still I'm not sure if those miners knows each other there is a company that runs all of those farms. And you are right with it, even though how many Chinese people have the most mining farms still no one will able to control it.

It all comes down to how exactly we define control. If some big whale, or a pack of big whales, can control the price of Bitcoin in wide range, would that count toward Bitcoin control? If a group of closely affiliated miners control the bulk of mining, could we call them controlling Bitcoin as well? And who would have more control over Bitcoin in this case, miners or whales?

[Shenzou]

China, they control half of the bitcoin market they own most of the hash power,in china most of the modern restaurants and shops do accept bitcoin which is way it is a very popular thing there unlike most of our countrys that the do not know what bitcoin is and if they do they don't encourage people to use it

[Blitzboy]

I think the controller of bitcoin is the goverment , or the operator nationwide.  

I don't know who is controlling bitcoin but one thing for sure that the government doesn't have anything to deal with bitcoin, not to mention having control over bitcoin. Let's think of this, if the government did control bitcoin, bitcoin wouldn't be like now and it would become just exactly like other currencies. And we haven't know exactly who invented bitcoin so how can the government even have a right to control it?

[xIIImaL]

China, they control half of the bitcoin market they own most of the hash power,in china most of the modern restaurants and shops do accept bitcoin which is way it is a very popular thing there unlike most of our countrys that the do not know what bitcoin is and if they do they don't encourage people to use it

For all that we need to spread the bitcoins in Facebook, Twitter and other social networks. As current situation social networks is the only way to spread the bitcoin globally. Other ways will not be that much successful.

[Doamader]

China, they control half of the bitcoin market they own most of the hash power,in china most of the modern restaurants and shops do accept bitcoin which is way it is a very popular thing there unlike most of our countrys that the do not know what bitcoin is and if they do they don't encourage people to use it

For all that we need to spread the bitcoins in Facebook, Twitter and other social networks. As current situation social networks is the only way to spread the bitcoin globally. Other ways will not be that much successful.

Really there is restaurants and shops already accepting bitcoin? Well we all know that bitcoin miners are present in the general at China, but this dont make them able to control bitcoin, since the early adopters has a huge ammount of coins, soo the early adopter that hasnt mooved their coins does have influence and just.

[Sled]

China, they control half of the bitcoin market they own most of the hash power,in china most of the modern restaurants and shops do accept bitcoin which is way it is a very popular thing there unlike most of our countrys that the do not know what bitcoin is and if they do they don't encourage people to use it

Agree. China is one of the country whale that can control the market but not the whole thing or the whole bitcoin. China can only control the market because they have the almost miners and most investors in bitcoin. Overall, no one control the bitcoin because bitcoin always gives a freedom for us to use it and no one can dictate how the bitcoin will work in the future because bitcoin always depend on its community and supporters.

[Maxsumi]

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?

Well,I heard that  China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

just as most of the china was a miner and a very large bitcoin users in china it will not make bitcoin can be regulated and controlled. I think no one will be able to control the bitcoin

This was true but I think that we are right now the people ourselves that is controlling it because mining is not the thing anymore.

[Mastsetad]

Bitcoin is absolutely not in control of anyone, it is the only form of money which is not controlled by any authority or person but is just used by its users and its them who can make it successful or a failure as well.

[Vaskiy]

Bitcoin is absolutely not in control of anyone, it is the only form of money which is not controlled by any authority or person but is just used by its users and its them who can make it successful or a failure as well.

As mentioned bitcoin is not controlled by any central authority, but the fluctuations of price movement happens based upon the user profiles. Early days bitcoin movement has been controlled by big whales who holds huge volume of bitcoin.

[bajing]

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?

Well,I heard that  China miners have most of the hashing power in mining bitcoins, so i guess that might be China.
I suppose that basically, we have big players in China that are accumulating their profits. But im not sure is bitcoin controlled but anyone, i doubt it.

Yes maybe you're right, I also have such thoughts because every price gets pump/dump always start from china market.

[staff_1307]

Everyone takes on some of the Bitcoin management. This is the advantage of it, everyone is responsible for his own.