Who controls the Bitcoins?

[Dr.Osh]

until now, I still think, that no one can control the bitcoin. even when the person has a lot of bitcoin. although he could manipulate the price, I am sure, that other bitcoin holders will not be silent to see it happen. maybe it will cause a drop in the price of bitcoin. Well, bitcoin is very unstable, so, I think no one can control the bitcoin.

[iram3130]

Well, One of the main advantages of the bitcoin in the early days was that it is decentralized and not owned or run by any company. But in other terms mining and popularity of the bitcoin balances the current rate of BTC. If someone is controlling bitcoin then it will be a very much negative aspect for the future of the currency. 

[millgates]

No one can control bitcoin becouse I read in some article that said even satoshi is can not control bitcoin.

[Rahar02]

If you want a country, it's the one with the highest amounts in Bitcoin (probably China). If you want a person or a group, there's none. The mining is controlled by China mostly, and the huge population helps it stay on the first position all the time.

I think China miners and traders have big impact to bitcoin as they are have higher trading volume.
They could manipulate bitcoin price but can't control it because the power are on every user of bitcoin.

[Xester]

No one can control bitcoin becouse I read in some article that said even satoshi is can not control bitcoin.

SOmebody posted an article here in bitcointalk.org about a certain maxwell and that somebody will soon own bitcoin. SOme commented that after he is successful making a patent on bitcoin then he will own bitcoin. I am not really sure if that is a real fact or just fiction. But if that was true can maxwell control bitcoin, or what will be the future of bitcoin in his hands.

[Rizky Aditya]

Bitcoin is a decentralized. It is like you created a currency that everyone used, and then you died and gave no one access to the controls. Bitcoin has no controller so it is unlike fiat.

[dothebeats]

No one controls bitcoins but their own owners lel. Changes on the functionalities and other parts of the codes are bing made by the devs. As for central authority, the is no one who controls bitcoins per se. Price manipulations, on the other hand is a different thing.

[carlisle1]

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?

they are Right. no one has a control bitcoin as it is a decentralized currency . actually no one knows where bitcoin first appeared or introduced and no one knows which country is the creator(s) residing at and I think bitcoin is not yet became one of the official currency .

[Cactushrt]

Thats the one thing why i like bitcoin no one controls on it.  But if you have some bitcoins in your wallet you can control on it. Depends on you how you spend it

[deisik]

No one can control bitcoin becouse I read in some article that said even satoshi is can not control bitcoin.

SOmebody posted an article here in bitcointalk.org about a certain maxwell and that somebody will soon own bitcoin. SOme commented that after he is successful making a patent on bitcoin then he will own bitcoin. I am not really sure if that is a real fact or just fiction. But if that was true can maxwell control bitcoin, or what will be the future of bitcoin in his hands.

He wouldn't be the first dude trying to get a free lunch. But I don't think he will get one cheap. I haven't read the article myself (a link would be appreciated), but I'm heavily inclined to think that he will get nothing. He can't possibly get a patent on bitcoin since he would have to prove that he had invented Bitcoin before Satoshi. As a matter of fact, he can't do that since otherwise we would all have been using Maxwelloin right now instead of Bitcoin if what he claims were true. That basically means that Bitcoin is prior art, and his claims should be rejected right off the bat...

Personally, I think that this is no more than a publicity stunt to get into the public eye

[KennyR]

China does have a big influence at the news coins being mined, since the most miners are located at there, but early adopters does have a lot of bitcoins, like Nakamoto, those are the ones that can control in part bitcoin, since its decentralized.

If some people said no one control bitcoin it is true, but people who have big capital can make factors to influence the bitcoin price. Bitcoin spreding is needed for make bitcoin price more stable.

None controls the bitcoin price, every user who have been into bitcoin use in different forms were responsible for the price movements. As mentioned in the above quote spreading is required to have big adoption which makes a stable price. Stable price will affect the traders who have been earning based upon the minor variations happening.

[xavier77]

Those who control Bitcoins are referred to as "Sharks". They have a huge sum to invest upon. What they do is sell a huge volume of Bitcoins and reduce the price. This causes a huge panic among the normal people. They sell their Bitcoin and then, the rich whales/sharks buy the volumes and profit by a large threshold.

[shinratensei_]

No one controls bitcoins but their own owners lel. Changes on the functionalities and other parts of the codes are bing made by the devs. As for central authority, the is no one who controls bitcoins per se. Price manipulations, on the other hand is a different thing.

What's the definition of controlling bitcoin? The primary thing was need get revealing.
Hash power, Nodes? Even the codes if it is possible. But just need 51% attack for rejecting or validating the transaction. It was being enough for controlling bitcoin.  

[clickerz]

I think China miners and traders have big impact to bitcoin as they are have higher trading volume.
They could manipulate bitcoin price but can't control it because the power are on every user of bitcoin.

Yes they can have a big impact, but can not control it.They can dump prices since mining in there country is inexpensive and sometimes free. But due to their government crackdown,some are being apprehended now also I think bitcoin is still illegal in China.

[Wowcoin]

Maybe the big holders of bitcoin controls it because they know how to manage their coins and they have big capital to control the price. Nothing we can do for that because we are small investors of bitcoin that we wait the price goes up to get profits.

[ardentvolcanoes]

China does have a big influence at the news coins being mined, since the most miners are located at there, but early adopters does have a lot of bitcoins, like Nakamoto, those are the ones that can control in part bitcoin, since its decentralized.

yes china might have a big influence to bitcoin and they have the most bitcoin miners but that actually doesn't that they are controlling the bitcoin as what you have said it is decentralized no one ever has a control of it even those early adopters or maybe even Nakamoto the creator of this wonderful creation I don't know .

[crairezx20]

China does have a big influence at the news coins being mined, since the most miners are located at there, but early adopters does have a lot of bitcoins, like Nakamoto, those are the ones that can control in part bitcoin, since its decentralized.

yes china might have a big influence to bitcoin and they have the most bitcoin miners but that actually doesn't that they are controlling the bitcoin as what you have said it is decentralized no one ever has a control of it even those early adopters or maybe even Nakamoto the creator of this wonderful creation I don't know .

Yeah that is why i choose bitcoin because we have a freedom to use it no one can control it because satoshi made it decentralized.
Even government has no power to control bitcoin.. for now but i do not know what will happen in the future..

[d@nte]

China does have a big influence at the news coins being mined, since the most miners are located at there, but early adopters does have a lot of bitcoins, like Nakamoto, those are the ones that can control in part bitcoin, since its decentralized.

yes china might have a big influence to bitcoin and they have the most bitcoin miners but that actually doesn't that they are controlling the bitcoin as what you have said it is decentralized no one ever has a control of it even those early adopters or maybe even Nakamoto the creator of this wonderful creation I don't know .

That's true. They have a large number of miners and users, but this does not mean that the system is under government control and Bitcoin is not centralized because there is a lot of hash power in China, the truth is this only demonstrates that Bitcoin has a great user base and support in that country, and it is seen as a useful cryptocurrency by the people who live there.

[ardentvolcanoes]

China does have a big influence at the news coins being mined, since the most miners are located at there, but early adopters does have a lot of bitcoins, like Nakamoto, those are the ones that can control in part bitcoin, since its decentralized.

yes china might have a big influence to bitcoin and they have the most bitcoin miners but that actually doesn't that they are controlling the bitcoin as what you have said it is decentralized no one ever has a control of it even those early adopters or maybe even Nakamoto the creator of this wonderful creation I don't know .

Yeah that is why i choose bitcoin because we have a freedom to use it no one can control it because satoshi made it decentralized.
Even government has no power to control bitcoin.. for now but i do not know what will happen in the future..

all of us, we don't know what will happen in the future but for me bitcoin will stay on its feature which is being decentralized and the government still don't have a privilege to take in control of bitcoin so that we also still have our freedom. that is what I'm hoping for bitcoin.

[tee-rex]

China does have a big influence at the news coins being mined, since the most miners are located at there, but early adopters does have a lot of bitcoins, like Nakamoto, those are the ones that can control in part bitcoin, since its decentralized.

yes china might have a big influence to bitcoin and they have the most bitcoin miners but that actually doesn't that they are controlling the bitcoin as what you have said it is decentralized no one ever has a control of it even those early adopters or maybe even Nakamoto the creator of this wonderful creation I don't know .

That's true. They have a large number of miners and users, but this does not mean that the system is under government control and Bitcoin is not centralized because there is a lot of hash power in China, the truth is this only demonstrates that Bitcoin has a great user base and support in that country, and it is seen as a useful cryptocurrency by the people who live there.

If we take into consideration the population of China with 1.37B people being the official estimate, it may turn out that Bitcoin might not be so much popular there as, for example, in Europe or in the US. Besides, we should also not forget that the Chinese people are not very prosperous all in all, and there may be a small or even tiny group of Bitcoin rich individuals with the rest of population never having had a single satoshi in their entire life.