Who controls the Bitcoins?

[bncbnc]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

yes and there is not an individual controller of bitcoin, nor a group of people or a state is controlling bitcoin. bitcoin is free decentralize currency of the world, it is in the control of these people are owing it.

[GMPoison]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

yes and there is not an individual controller of bitcoin, nor a group of people or a state is controlling bitcoin. bitcoin is free decentralize currency of the world, it is in the control of these people are owing it.

I believe technically there was once a "centralized owner" of bitcoin for a couple of hours. Back in 2014 iirc the ghash.io mining pool had 51% of the hashrate. Check out the distribution of hashrate now though, the community protected bitcoin by leaving in masses and effectively killing ghash lol.

https://blockchain.info/pools

[KingdomHearts]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

so in simple worlds we can say that those people who have the amount of bitcoin are the owner of these bitcoins. and there is not a single person or group of persons are the owner of all bitcoins.

yeah you are right who have bitcoin they controlling the bitcoin and we can use our bitcoin anywhere for online shopping in the each corner of the world and sometime i think that bitcoin users controlling the bitcoin.

[mrbigmugs]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

so in simple worlds we can say that those people who have the amount of bitcoin are the owner of these bitcoins. and there is not a single person or group of persons are the owner of all bitcoins.

yeah you are right who have bitcoin they controlling the bitcoin and we can use our bitcoin anywhere for online shopping in the each corner of the world and sometime i think that bitcoin users controlling the bitcoin.

yes i also agree with you, that the owner who are holding bitcoin are the owner of these bitcoins and they have the right to hold and control such amount of bitcoin they can use it according to their own wishes.

[shinratensei_]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

yes and there is not an individual controller of bitcoin, nor a group of people or a state is controlling bitcoin. bitcoin is free decentralize currency of the world, it is in the control of these people are owing it.

I believe technically there was once a "centralized owner" of bitcoin for a couple of hours. Back in 2014 iirc the ghash.io mining pool had 51% of the hashrate. Check out the distribution of hashrate now though, the community protected bitcoin by leaving in masses and effectively killing ghash lol.

https://blockchain.info/pools

And Ghash whom he had stated about 51 attacks.  

[juras54]

Who controls the course of Bitcoin?

battle for control has only just begun

[Positid]

Who controls the course of Bitcoin?

battle for control has only just begun

Maybe we can have a clearer view until such time no new bitcoins will be mined. For now, there's no certain way to determine who controls, all I know is the whales can manipulate the price of bitcoin but they do not control it.

[xIIImaL]

Who controls the course of Bitcoin?

battle for control has only just begun

Maybe we can have a clearer view until such time no new bitcoins will be mined. For now, there's no certain way to determine who controls, all I know is the whales can manipulate the price of bitcoin but they do not control it.

To say generally no one is controlling the bitcoin, only mining is controlling by the miners who are all helping bitcoins to transfer via blocks. These blocks also reducing by half of the amount in halving time.

[Vuizel]

We ourselves are controlling the bitcoin, the bitcoin is controlled by buyings and sellings these days and a part is also china what is controlling it.

[Botnake]

Who controls the course of Bitcoin?

battle for control has only just begun

Maybe we can have a clearer view until such time no new bitcoins will be mined. For now, there's no certain way to determine who controls, all I know is the whales can manipulate the price of bitcoin but they do not control it.

To say generally no one is controlling the bitcoin, only mining is controlling by the miners who are all helping bitcoins to transfer via blocks. These blocks also reducing by half of the amount in halving time.

That's how the miners work but they don't have even total control to the whole bitcoin economy. I just also know that the whales are the ones who are controlling what is happening with bitcoin today regarding its price. Because each of their move has an effect for the price of bitcoin. I still don't know if they have total control or just contributing to its control.

Not all the time, as the adoption increases, whales slowly loses their power. They cannot control it if other whales will not cooperate, I do not think there is only one person or organization that is holding the majority number of bitcoins ever produced.

[marseille]

It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.

[Fatanut]

It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.

There's actually a website that has the private keys of all the bitcoin addresses. Funny because even if you do have it all saved on a .txt file, if will take you a lot of power and time (even years) before you can find the private key of a specific wallet. There have been discussion about this in this forum. There are just too many bitcoin addresses available and I really mean way many for you to be able to control bitcoins or hack someone using the list of all private keys.

[Bondho Kompeni]

I am sure, when the price is very volatile is any controlling bitcoin, surely bitcoin is a large group that has a stock of more than 50%. Can people or community.

[bncbnc]

It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.

bitcoin is not under the control of a single person or group, because they cannot hae access to all the bitcoins address and wallets that belong to a particular person. to me those people who are holding bitcoins are the real owner of bitcoin and they can control such amount of bitcoins.

[Bitcoinsummoner]

It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.

bitcoin is not under the control of a single person or group, because they cannot hae access to all the bitcoins address and wallets that belong to a particular person. to me those people who are holding bitcoins are the real owner of bitcoin and they can control such amount of bitcoins.

Yeah i think we are the only who control bitcoin since if we are not investing and buying more bitcoin the price will not increase and bitcoin is decentralized even china has a largest bitcoin farm they are just holding a large number of bitcoin but we are not centralized..

[Positid]

It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.

bitcoin is not under the control of a single person or group, because they cannot hae access to all the bitcoins address and wallets that belong to a particular person. to me those people who are holding bitcoins are the real owner of bitcoin and they can control such amount of bitcoins.

Yeah i think we are the only who control bitcoin since if we are not investing and buying more bitcoin the price will not increase and bitcoin is decentralized even china has a largest bitcoin farm they are just holding a large number of bitcoin but we are not centralized..

That's what makes it a wonderful place to stay, the government cannot manipulate bitcoin as it's solely based on our demand. With less demand means less support and bitcoin will not progress.

[delliaerd]

Prbably china is control bitcoin for this time, approximately 80% of total transaction bitcoin currently trading using chinese yuan. Although USA, Japan and Russia were start to be big player of bitcoin but still need time for this. So many people in china try to move their wealth to outside of their country, becouse the government  try to control their money. So I think china will keep their  domination of bitcoin.

[adi33]

Bitcoin fluctuates according to me that regulate bitcoin is the market price. because bitcoin price goes up because people are buying it. Now when a lot of people who sell bitcoin might no longer marketable

[strasboug]

It's a good question who controls the bitcoin. I think a group of dev controls it. Because for bitcoin, there are some private keys (for checkpoint and alert) that if one has it, he will be able to propagate his own blocks into the network. I think a few people hold the private keys there.

There's actually a website that has the private keys of all the bitcoin addresses. Funny because even if you do have it all saved on a .txt file, if will take you a lot of power and time (even years) before you can find the private key of a specific wallet. There have been discussion about this in this forum. There are just too many bitcoin addresses available and I really mean way many for you to be able to control bitcoins or hack someone using the list of all private keys.

I don't think you get what marseille said. He meant that in bitcoin, there are two private keys, not for wallet, but bitcoin itself. One private key is for checkpoint. If you have it, you can define the mandatory checkpoint that every other client will accept. Thus you can propagate your own blocks. I know this is true for the old version of bitcoin, not sure if this is changed or not. These private keys are controlled by a few devs in the inner circle of the bitcoin.

[webtricks]

 Bitcoin is based on simple principle of Decentralisation.
The owner of Bitcoin is the one holding it.
Everyone who own Bitcoin are the owner of their Bitcoin. Once people transfer Bitcoin to other, it envolves transfer of ownership too!!