Who controls the Bitcoins?

[shinratensei_]

Nobody controls all the Bitcoins, let alone "Bitcoin" as a whole -- but that's not quite important when it comes to the idea of Bitcoin. Because what is important is that you control your Bitcoin. In its core this is what Bitcoin is about.

I think not nobody?we are who control bitcoin if we are gone someday bitcoin will reduce the price or gone.. since bitcoin is depends in demand and supply people who are trading with bitcoin is one who helping to support increase the price or decrease the price just for buy low and sell high..

Read the whole history of Ghash.io
A lot of the useful story in there. About the Bitcoin network control and it is a possible thing. Controlling the network of bitcoin. I think it more about the big influence on the bitcoin network.

[noictib]

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 it is no one can tell you that who is controlling bitcoin because the the founder of bitcoin is fully unknown for the world , So no one can found that Person who is the actual controller .
But in my opinion the controller of the bitcoin may be the owner of the blockchain wallet .
Because everyone saying that blockchain is a official bitcoin wallet , it means the bitcoin is owned by the blockchain owner and they are controlling .
But these are my thinking and opinion and I can't give any proof for this that who is actually controller .
One thing should be noticed that the bitcoin is only a program scrip which is very complicated to solve , and it is only online written data in internet but it is about impossible to erase this .

[doomloop]

Nobody controls all the Bitcoins, let alone "Bitcoin" as a whole -- but that's not quite important when it comes to the idea of Bitcoin. Because what is important is that you control your Bitcoin. In its core this is what Bitcoin is about.

you are right and i think we control bitcoin.

[EcoNorm]

if you have bitcoin you control a part of it, simple as that

[ChrisPop]

Is it so hard to document yourself a little? Just search on google "bitcoin". You can learn the basic info about bitcoin on this website: https://bitcoin.org/en/. Bitcoin is a decentralized crypto-currency. So it is not controlled by an authority. Every person who has access to a bitcoin address with coins in it has 100% control over them unless he/she gets hacked.

Now the person who created bitcoin is "Satoshi Nakomoto". We don't know if that is the real name or a pseudonym,but he created the code and algorithm for the first and most powerful crypto-currency in the world.

[abel1337]

Is it so hard to document yourself a little? Just search on google "bitcoin". You can learn the basic info about bitcoin on this website: https://bitcoin.org/en/. Bitcoin is a decentralized crypto-currency. So it is not controlled by an authority. Every person who has access to a bitcoin address with coins in it has 100% control over them unless he/she gets hacked.

Now the person who created bitcoin is "Satoshi Nakomoto". We don't know if that is the real name or a pseudonym,but he created the code and algorithm for the first and most powerful crypto-currency in the world.

Yeah thats right , You can learn bitcoin by just searching bitcoin on google. It is you choice if you want to learn it or not . Every thing will shown up like the man who created bitcoin. Some sites are teaching you how to earn bitcoin legally.

[iqlimasyadiqa]

i dont think anyone controlls it..... most of the people are saying that china controls it but i dont think so...... i think a huge number of invester and user of bitcoins are from china and most of the mining companies are from china which has a impact on its price but i dont think they control it.....

which controls bitcoin should definitely have a very large number. I thought it was supposed to be a community. because if one person then it looks impossible. a group of people from several countries could make an alliance to control the bitcoin in world financial markets.

[paul gatt]

Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed 

[BlackPanda]

i dont think anyone controlls it..... most of the people are saying that china controls it but i dont think so...... i think a huge number of invester and user of bitcoins are from china and most of the mining companies are from china which has a impact on its price but i dont think they control it.....

which controls bitcoin should definitely have a very large number. I thought it was supposed to be a community. because if one person then it looks impossible. a group of people from several countries could make an alliance to control the bitcoin in world financial markets.

I agree with you . this time there must be a great force hidden. they have a specific purpose, maybe in the future they could be controlling the price of bitcoin. we must be prepared for any eventuality. they have the amount of money very much.

[20kevin20]

Bitcoin was created by satoshi as a decentralized currency. But, since china has huge mining power, most of the bitcoins are mined by chinese miners.Obviously, chinese hold majority of bitcoins so that they could decide the price of bitcoin. For every small changes occuring in china related tl bitcoin, it has a world wide impact.Its not good for bitcoin progress. Unfortunately, we have to accept that china controls the Bitcoin.

How does china control Bitcoin?  If you look at the mining charts, though several mining farm is located at china, it does not mean that chinese government own them.  This are different company with different people.  So there is no way that China is controlling bitcoin

Not the government. It's about the total percentage of online mining hardware. These mining farms may be low (in number), but they are HUGE. Just write "bitcoin farm china" on Google and look up some images and see how big they are. As far as I know, they control over 68% of the total mining hash speed.

[Raimonn]

Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed 

I'm not agree with your conclusions, bitcoin isn't controlled by any government and couldn't be prohibited. Governments could block exchanges could block shops accepting bitcoins, but its very difficult to block its citizens to have bitcoins. Nowadays bitcoin has a very low influence on economy of most of the countries.

[Fireblade]

Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed  

I'm not agree with your conclusions, bitcoin isn't controlled by any government and couldn't be prohibited. Governments could block exchanges could block shops accepting bitcoins, but its very difficult to block its citizens to have bitcoins. Nowadays bitcoin has a very low influence on economy of most of the countries.

very honestly it is not impossible for the governments to stop their people from using bitcoin. they can do so very easily. but i think still no government still find it as against any of their policy and that is the reason that they do give any statement about bitcoin that  either bitcoin is legal or illegal, but very hopeful they will give a positive statement about bitcoin and will consider it as legal currency.

[Mr.grin]

Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed 

I'm not agree with your conclusions, bitcoin isn't controlled by any government and couldn't be prohibited. Governments could block exchanges could block shops accepting bitcoins, but its very difficult to block its citizens to have bitcoins. Nowadays bitcoin has a very low influence on economy of most of the countries.

very honestly it is not inpossible for the governnmens to stop thier people from using bitcoin. they can do so very easily.

I also do not agree if bitcoin is controlled by the government. I would argue, that can control is bitcoin, bitcoin users themselves. Well, the price will not go down if there is no panic selling, and it only happens when the user, BTC sell all that they have simultaneously.

[tribanogrami]

Couple of rich person? Goverment? Companies? I think none of them. Bcz bitcoin works only when all users meet same idea.You, me, we r all controlling bitcoin. Like e-mail system.

May be developer fix or add to software but they cant change Bitcoin protocol. Otherwise can not be compatible.

On the other hand if we ask; Who has more bitcoin? I think China. In a different perspective we can say China control %40-60 bitcoin in the world. 

[Gameroid]

Couple of rich person? Goverment? Companies? I think none of them. Bcz bitcoin works only when all users meet same idea.You, me, we r all controlling bitcoin. Like e-mail system.

May be developer fix or add to software but they cant change Bitcoin protocol. Otherwise can not be compatible.

On the other hand if we ask; Who has more bitcoin? I think China. In a different perspective we can say China control %40-60 bitcoin in the world. 

yes no one control all the bitcoin, but can only the amount he is owing, for example a person  have 10 bitcoin so is the owner of these 10 bitcoin and these are under his control, he can use such amount of bitcoin according to his own wishes and there is no restriction over him.

[whizter]

Bitcoin is controlled government jobs
in some countries, Bitcoin is prohibited or strictly managed
here is the main cause of economic problems, Bitcoin has great influence on the economy of a country, therefore, in my opinion, bitcoin should be managed 

I'm not agree with your conclusions, bitcoin isn't controlled by any government and couldn't be prohibited. Governments could block exchanges could block shops accepting bitcoins, but its very difficult to block its citizens to have bitcoins. Nowadays bitcoin has a very low influence on economy of most of the countries.

very honestly it is not inpossible for the governnmens to stop thier people from using bitcoin. they can do so very easily.

I also do not agree if bitcoin is controlled by the government. I would argue, that can control is bitcoin, bitcoin users themselves. Well, the price will not go down if there is no panic selling, and it only happens when the user, BTC sell all that they have simultaneously.

Government can't even control a decentralized crypto and I doubt it that they are going to be ever interested with this project. Because most of the people in the government are discouraging people and makes a very bad review with bitcoin which is not new. And there is no one really is controlling bitcoin as whole but with the price increase, there are.

if the government can control a decentralize currency or even block  it and can stop their people from using bitcoin etc then what are they waiting for last 9 years, why are they not taking the step to control their people from using bitcoin. i me i think there can be two possibilities, the one is that bitcoin  is that government themselves are interested in bitcoin and going to legalize it and the second is that  still they do not fell the need to  do so.

[cengsuwuei]

i think not only one person can control bitcoin price,
control bitcoin price only suply and demand, and then is big community can control too if need big bitcoin, if buy bitcoin is coordination is same time
is buy big coin is same time, bitcoin price can incraese
same with is big community selling is same time bitcoin price can down

[mmo_online_1981]

Nobody controls BTC, you use means you is controlling

[wh04m1]

Bitcoin is influenced very quickly by the news in China. Those who can consciously produce these news can control the bitcoin.
However, this control mechanism is not a technical control. It can only be used to manipulate the bitcoin price.

Otherwise, the bitcoin system is technically never controlled by anyone.

[BitFinnese]

Bitcoin was created by satoshi as a decentralized currency. But, since china has huge mining power, most of the bitcoins are mined by chinese miners.Obviously, chinese hold majority of bitcoins so that they could decide the price of bitcoin. For every small changes occuring in china related tl bitcoin, it has a world wide impact.Its not good for bitcoin progress. Unfortunately, we have to accept that china controls the Bitcoin.

How does china control Bitcoin?  If you look at the mining charts, though several mining farm is located at china, it does not mean that chinese government own them.  This are different company with different people.  So there is no way that China is controlling bitcoin

Not the government. It's about the total percentage of online mining hardware. These mining farms may be low (in number), but they are HUGE. Just write "bitcoin farm china" on Google and look up some images and see how big they are. As far as I know, they control over 68% of the total mining hash speed.

The question we need to ask here if China have actual or onhand control over this farm.  I read this is owned by different company meaning not a single entity own those hashes.  It so happen that it is located in China as people believe but someone here is raising an argument that it is not true.  But assuming it is located in China, does it mean Chinese Government controll it?  I guess it is a clear No.