Who controls the Bitcoins?

[target]

Everbody say "Bitcoin is decentralized money.It is advantages etc. But in fact, I think it isn't advantages It might turn easily to disadvantages because The world is circulate Everybody cant use Exchanges same time. It is historical experience of Money. This is another reason why people didnt using same money. It might be manupilate easily. I know it is traditional idea but on the one hand It is true

This is true. But why are still talking about bitcoin bank, which in the future can take on all management issues bitcoin. This violates the basic rule of confidentiality.

Well we aren't really talking about Bitcoin bank. Most people say that Bitcoin is decentralized but China controls most of the Bitcoin mining industry and there is a hell of a lot of Bitcoin circulating in China.

Its almost like its being controlled by China. They recently proved it and thus the reason of collapse from 1000+ down to 800USD. Of course we all know BTC is decentralized just like the rest of the altcoins but yes. I think whales can manipulate bitcoin, they can organize press release and manipulate its value by simply pumping and dumping.  The very reason as well that pump and dump groups were also organized because they know they can manipulate alcoin's price.

[CHRISBIN702]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

[Fatanut]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

We control it on varying degrees/levels and that depends on how influential you are in here and how much bitcoins do you hold. In the bigger picture, you don't have that much power in bitcoin. Even if you sell your part (unless you secretly hold thousands of coins), it wouldn't cause that much market movement. The market will eventually pick up and carry on with their pump or dump movement.

My point exactly: yep, you have control but it's only limited to how much can you influence the market. Most of us don't have significant amount of bitcoins. When we sell our coins, the market would just be like "Hmm. 'mkay, you sold your coins. Bye bye now." But when whales or when China dumped a part of their total bitcoins, the whole market would be affected notably.

[BTCdoaA]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

We control it on varying degrees/levels and that depends on how influential you are in here and how much bitcoins do you hold. In the bigger picture, you don't have that much power in bitcoin. Even if you sell your part (unless you secretly hold thousands of coins), it wouldn't cause that much market movement. The market will eventually pick up and carry on with their pump or dump movement.

My point exactly: yep, you have control but it's only limited to how much can you influence the market. Most of us don't have significant amount of bitcoins. When we sell our coins, the market would just be like "Hmm. 'mkay, you sold your coins. Bye bye now." But when whales or when China dumped a part of their total bitcoins, the whole market would be affected notably.

That is true even the foundation has no control to the whole network except updating and managing the software , but if he means bitcoin prices that for sure different criteria .

[BingoDog]

Bitcoin should be out of any control because it's decentralized currency but in practice there are many factors that influence on it. Users itself, especialy big players, whales, and everybody are mentioning China as the bigest and strongest bitcoin player. So, bitcoin market is not independent as it should be.

[jseverson]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

Yes everyone who have bitcoins on their wallet has the control of it even if it's a child or not. That's the one of the best in bitcoin no one can control your bitcoins except you.

[care2yak]

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?

From what I've gathered, nobody controls bitcoin. It was designed so that everyone on bitcoin collaborates in maintaining, validating, and sustaining, the transaction chain. Balances are stored in a distributed network and cannot be altered, and all transactions can be transparently consulted via a public ledger/bitcoin explorer. Although, from an altcoin white paper I've read, there might be a tendency for bitcoin to become centralized because of its PoW system. There was an argument there that said the wealthy and able can kill competition and acquire the most bitcoins by way of large mining farms. So bitcoin cannot be controlled but it may be centralized.

[Xester]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

Yes everyone who have bitcoins on their wallet has the control of it even if it's a child or not. That's the one of the best in bitcoin no one can control your bitcoins except you.

No one can control bitcoins but somebody can control the market. Those who control the market of bitcoin can actually though not directly control bitcoin. Its not just a simple control, price manipulation can really affects bitcoin as a whole. Lets say the giants in bitcoin industry all of them will dump their bitcoins  imagine what will happen aside from price meltdown, probably holders or users will lost trust in bitcoin that will lead eventually to bitcoin becoming worthless.

[canhchuacaro1]

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.

[FasTroy]

I think china who controls bitcoin because of number of population. It's a large community who use bitcoin. maybe usa have a big hand of controlling bitcoin market.

[Gembul]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

Hehe, I think this is the most correct answers. Who controls the bitcoin? Of course we are, the owner of the bitcoin. Because so far, if we have a bitcoin then there is nothing anyone can manage it without any consent from us. Thank you

[vaxo_nba]

Could you please tell me, if everyone can create bitcoins with hardware is there any danger of serious inflation?

[Bitcoinsummoner]

I think china who controls bitcoin because of number of population. It's a large community who use bitcoin. maybe usa have a big hand of controlling bitcoin market.

Nobody really knows who is controlling the whole bitcoin network. But telling China is the one who controls it is possible but to tell you something with what I believe. China is not the who is controlling bitcoin but just because most of the miners and whales are there they are literally making some help on the bitcoin moves each and everyday.

I think there is a group that actually giving a sign if when the are buying and when they're going to sell. i think this groups is the reason who are pushing the bitcoin now into high and then they signaling if the price will going down.
this is i think the problem those people are whales .. i am one of the group but they are just giving a signal or sign.. i really do not know if where their signal.

[strasboug]

No one controls bitcoin, but in technical sense, bitcoin has 1 or 2 secret keys (private keys) that when possessed can disturb the bitcoin network seriously. These keys are controlled by the core dev of the bitcoin.

[Ewinsane]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

i agree with you that we control the bitcoin and you are right that everyone control the bitcoin because adoption of bitcoin and using of bitcoin is very important for bitcoin we know that bitcoin adopting and using of bitcoin is very successful.

[1Referee]

Could you please tell me, if everyone can create bitcoins with hardware is there any danger of serious inflation?

It depends on the level of demand that is going through the market at that time. If the demand is quite on the higher side as is the case right now, then the freshly minted coins won't have much of an impact on the market. But if you think logically, if the demand is low, and the same number of coins get minted, then eventually it will have a negative impact on the market. If you look back in 2015, then with the 25BTC block rewards there was a period of months where there was more supply than actual demand, which resulted in the price moving in ranges far below the $300 level. But if you look further to what has to come in the coming years, then the block halvings will make sure that the level of inflation will be reduced to very low levels. Especially when you take the growing demand into consideration.

[carlerha]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

Hehe, I think this is the most correct answers. Who controls the bitcoin? Of course we are, the owner of the bitcoin. Because so far, if we have a bitcoin then there is nothing anyone can manage it without any consent from us. Thank you

yes not a single person has control over full bitcoins. every one has control over bitcoins that are present in his wallet. and he has fully right to use these bitcoin according to their own wishes. and they have no restriction to about using their bitcoins.

[deadpoolx]

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?

Everyone in this world control the bitcoin , User who had bitcoin from their bitcoin wallet and also those traders who buy and sell into market, and Iknow in USA has the biggest population who uses bitcoin also china and those friendly countries who had billions of users.

yes anyone who has the amount of bitcoins in their wallets is his property and he is controlling that amount of bitcoin, but not a single country a single person or a group of people can control the whole bitcoin.

It would not make much sense to say that Bitcoin is a decentralized currency if there were only one entity, or a small group of people, in control of the network. What makes Bitcoin to have the value it has today is the fact that users have the possibility of being the only people controlling their own money, and this is only possible in a decentralized network.

[QuestionAuthority]

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?

Everyone in this world control the bitcoin , User who had bitcoin from their bitcoin wallet and also those traders who buy and sell into market, and Iknow in USA has the biggest population who uses bitcoin also china and those friendly countries who had billions of users.

yes anyone who has the amount of bitcoins in their wallets is his property and he is controlling that amount of bitcoin, but not a single country a single person or a group of people can control the whole bitcoin.

It would not make much sense to say that Bitcoin is a decentralized currency if there were only one entity, or a small group of people, in control of the network. What makes Bitcoin to have the value it has today is the fact that users have the possibility of being the only people controlling their own money, and this is only possible in a decentralized network.

If by "users" you mean Chinese, then I agree.

[ifightformerkel]

The bitcoin course controll we, the people.

No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.