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Author Topic: Who controls the Bitcoins?  (Read 46400 times)
elena-tur
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December 03, 2016, 07:01:07 PM
 #401

Bitcoin is not controlled by any central bank, and the person who first suggested using Bitcoin, for several years makes itself felt. People are their own masters.
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December 03, 2016, 07:33:47 PM
 #402

If the state will try to control the Bitcoin is not so simple. Lawmakers have not yet kept pace with all the changes. They, of course, have to come up with the new laws, because the old financial control circuit in Bitcoin is simply not calculated because cryptocurrency goes beyond the traditional foreign exchange instruments.
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December 03, 2016, 07:47:36 PM
 #403

I think china has the big hand of bitcoin, Large community means more control of bitcoins.
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December 03, 2016, 08:17:01 PM
 #404

I think china has the big hand of bitcoin, Large community means more control of bitcoins.

I dont really believe that. Before anything else it was Americans who are mining and they really have mined a lot way back because it was still fast to mine thousands of coin. They may be just watching to what will happen and just storing their coins.

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December 03, 2016, 08:17:27 PM
 #405

I think china has the big hand of bitcoin, Large community means more control of bitcoins.
Over the past few months, the digital currency Bitcoin has attracted a lot of attention. Along with him came to misunderstanding and confusion about the nature and role of the currency. The main reason lies in the fact that people do not understand how the Bitcoin, because people basically do not understand how currency works.
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December 03, 2016, 08:35:27 PM
 #406

I think as long as there are no problems it doesn't matter who controls it. If a problem comes up, the community is usually on top of it. It has never been a problem before. So control is not an issue.
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December 03, 2016, 08:47:05 PM
 #407

Why China? I'm afraid we never know for sure.

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ivan.daineko23
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December 03, 2016, 09:05:57 PM
 #408

In the network there are messages with information that Bitcoin and Blockchain system is controlled by a small group of people, and that the network is close to the technical collapse. The mechanisms that were supposed to prevent this collapse, broken, and as a result there is no sense to dream that Bitcoin could be better than the existing financial system.
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December 03, 2016, 10:53:59 PM
 #409

Bitcoin is not controlled by any central bank, and the person who first suggested using Bitcoin, for several years makes itself felt. People are their own masters.
yes that is a fact that bitcoin is not under control of any government, forum, group of people any other single person, everyone is the master of bitcoin he is owning, as he has the right to use bitcoin according to their own wishes.
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December 03, 2016, 11:11:03 PM
 #410

In the network there are messages with information that Bitcoin and Blockchain system is controlled by a small group of people, and that the network is close to the technical collapse. The mechanisms that were supposed to prevent this collapse, broken, and as a result there is no sense to dream that Bitcoin could be better than the existing financial system.
I don't agree if bitcoin has controlled by a small group but it possible for blockchain.
Yes, it could. Bitcoin was already better than the current financial system.
Public or private blockchain has controlled by some people(dev).
But no one for bitcoin, except with 51% hash attack and 51% nodes attack make it possible.

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December 03, 2016, 11:29:21 PM
 #411

In the network there are messages with information that Bitcoin and Blockchain system is controlled by a small group of people, and that the network is close to the technical collapse. The mechanisms that
were supposed to prevent this collapse, broken, and as a result there is no sense to dream that Bitcoin could be better than the existing financial system.
I don't agree if bitcoin has controlled by a small group but it possible for blockchain.
Yes, it could. Bitcoin was already better than the current financial system.
Public or private blockchain has controlled by some people(dev).
But no one for bitcoin, except with 51% hash attack and 51% nodes attack make it possible.
I do believe what is trying to say its there is a group under bitcoin that is manipulating it, pumping and dumping it, since they should get a big ammount of bitcoin as well a lot money to play this game, i wouldnt be surprised a group being manipulating the price of bitcoin where the most think and believe are the big farmers making those. Currently big miners, early adopters, some exchanges as well some casinos, besides the scammers that steel a lot of bitcoin.
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December 03, 2016, 11:43:21 PM
 #412

to me i think no one is controlling bitcoin, as bitcoin is anonymous and decentralized currency of the world having same value everywhere therefore in fact no one is controlling it.
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December 04, 2016, 05:05:00 AM
 #413

If there is someone who's controlling bitcoin it's gonna be us. All of us.
The market moves according to the transactions that each of us make.
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December 04, 2016, 05:09:14 AM
 #414

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?
Every one has access to bitcoin world if they want to know more about bitcoin, People are controling the bitcoin itself but most of users of bitcoin are from USA nor CHINA.. It's beginning and i know that bitcoin has big features to be true and that will become true when people keep using it. Every traders can control the course of bitcoin.
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December 05, 2016, 05:35:07 PM
 #415

Why China? I'm afraid we never know for sure.


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December 05, 2016, 05:59:30 PM
 #416

Not china, it has got more users from China. The entire users who were continuously using bitcoin directly and by cashing out for their needs is the one who were controlling the price movement as well its growth.

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December 06, 2016, 08:33:58 AM
 #417

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?
Every one has access to bitcoin world if they want to know more about bitcoin, People are controling the bitcoin itself but most of users of bitcoin are from USA nor CHINA.. It's beginning and i know that bitcoin has big features to be true and that will become true when people keep using it. Every traders can control the course of bitcoin.

I don't understand what makes you think so. If the top exchanges that operate in China are trading Bitcoin for Yuan only (correct me if I'm wrong on this), why the users from the US might be interested in that? And what's more, the Chinese Yuan itself is a weak currency compared to the US dollar, therefore trading there adds an additional risk of intended currency devaluation by the authorities.

Do you have any sources confirming that most users of Bitcoin are coming form the US?
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December 06, 2016, 01:46:01 PM
 #418

Why China? I'm afraid we never know for sure.

Bc China has more mining poder than another country, so somehow if Chinese economy goes bad, chinese people will "save" their money in bitcoin, no $ nor €.

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December 06, 2016, 04:15:02 PM
 #419

Why China? I'm afraid we never know for sure.


watch mr. robot ~  Wink

No need for him to watch a TV series for like 12 hours straight for one season. I've finished watching one season of Mr. Robot because it has been mentioned in various threads in this forum and from what I watched I think your reason was because the main data drives are located in China. I'm not sure though because I don't really have a deep knowledge about the subject. It was like all of their hacking activities needs to get something done in China as well. For example, if they want to hack a company, they also have to hack the drives in China or get help from the Cyber army from China.

If what's in the story of Mr. Robot is actually a real thing, then China is a huge part of the Internet, both in bitcoins and in the dark Net. But I think the actual reason why people say that China controls bitcoin is because they hold a huge part of the total bitcoins in circulation.

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gembitz
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*Brute force will solve any Bitcoin problem*


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December 06, 2016, 05:02:37 PM
 #420

Why China? I'm afraid we never know for sure.


watch mr. robot ~  Wink

No need for him to watch a TV series for like 12 hours straight for one season. I've finished watching one season of Mr. Robot because it has been mentioned in various threads in this forum and from what I watched I think your reason was because the main data drives are located in China. I'm not sure though because I don't really have a deep knowledge about the subject. It was like all of their hacking activities needs to get something done in China as well. For example, if they want to hack a company, they also have to hack the drives in China or get help from the Cyber army from China.

If what's in the story of Mr. Robot is actually a real thing, then China is a huge part of the Internet, both in bitcoins and in the dark Net. But I think the actual reason why people say that China controls bitcoin is because they hold a huge part of the total bitcoins in circulation.


^obviously evilcorp controls bitcoin  Cool  lol

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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