Who controls the Bitcoins?

[Doamader]

Countries can control the fiat money, dark business, what makes you people believe they can control bitcoin? They arent able to control something they doesnt own at first, and would be a waste to any country expose they have bitcoins, i do see the presence of countries is a problem and for me would be the signal to sell my bitcoin before bank get a big portion of bitcoins and try to manipulate the market the same way they do with their currencie at forex.

[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 

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.

You already said the reason and answer why government can do something about controlling bitcoin and the people. They can't control bitcoin because its decentralized as we had mentioned it already for so many times. And bitcoin can be legalize but they can't manage to have a control for it and on how it goes through the blocks.

we should think more positively, Bitcoin huge impact on the economy of a country, and if it is not managed, a huge risk happens, criminals will take advantage Bitcoin to launder money, it's illegal behavior
Bitcoin is really difficult to manage, it is the problem of many countries

[President79]

Many people say that the Chinese control the bitcoin, looks like I agree because after much reading the reference then it is evident that the market bitcoin china is the biggest, so I am sure the Chinese control the bitcoin.

[mrkevio]

Many people say that the Chinese control the bitcoin, looks like I agree because after much reading the reference then it is evident that the market bitcoin china is the biggest, so I am sure the Chinese control the bitcoin.

They control most part of the mining, and probably even most part of the price because they are over 1 billion citizens in the country and so there is the highest percentage of BTC users in the world. They do not "control" it totally, just partially.

[wintermeasures]

Actually there is no established organizations to control bitcoin. All over the world miners are confirming the transactions and that's it. There's no one's hand to control bitcoin but yes people could control the rate because if any individual buy lot of bitcoin in range of crore then obviously price will go up. And if there is no demabd and people start selling bitcoin then price would come down.

[slapper]

Many people say that the Chinese control the bitcoin, looks like I agree because after much reading the reference then it is evident that the market bitcoin china is the biggest, so I am sure the Chinese control the bitcoin.

They control most part of the mining, and probably even most part of the price because they are over 1 billion citizens in the country and so there is the highest percentage of BTC users in the world. They do not "control" it totally, just partially.

well, I think that they are totally control Bitcoin. Bitcoin is being influenced by the Chinese investors a lot. As you can see, if they deposit their money in Bitcoin, the prices will definitely increase and if they decide to sell all of they Bitcoin, the prices will decline sharply. Most of the mining farm are located in China and they can easily start a 51% attack if they want to

[KenR]

Actually there is no established organizations to control bitcoin. All over the world miners are confirming the transactions and that's it. There's no one's hand to control bitcoin but yes people could control the rate because if any individual buy lot of bitcoin in range of crore then obviously price will go up. And if there is no demabd and people start selling bitcoin then price would come down.

Your comment basically sums up 1000 other comments in this thread including 100 of your comments in the thread.Hope you understand the hypothetical references.
You're wrong [China Controls Bitcoins]  

[GMPoison]

Actually there is no established organizations to control bitcoin. All over the world miners are confirming the transactions and that's it. There's no one's hand to control bitcoin but yes people could control the rate because if any individual buy lot of bitcoin in range of crore then obviously price will go up. And if there is no demabd and people start selling bitcoin then price would come down.

Your comment basically sums up 1000 other comments in this thread including 100 of your comments in the thread.Hope you understand the hypothetical references.
You're wrong [China Controls Bitcoins]  

You should finish that sentence. China doesn't "control bitcoin". China influences the price of Bitcoin, and that's all the "control" they have.

[President79]

Actually there is no established organizations to control bitcoin. All over the world miners are confirming the transactions and that's it. There's no one's hand to control bitcoin but yes people could control the rate because if any individual buy lot of bitcoin in range of crore then obviously price will go up. And if there is no demabd and people start selling bitcoin then price would come down.

Your comment basically sums up 1000 other comments in this thread including 100 of your comments in the thread.Hope you understand the hypothetical references.
You're wrong [China Controls Bitcoins]  

You should finish that sentence. China doesn't "control bitcoin". China influences the price of Bitcoin, and that's all the "control" they have.

Lol, quite the contrary, anything that is done china will effect with bitcoin, you can see the largest exchanger bitcoin, everything is china. I think it is becoming a big problem, decentralized but bitcoin is easy to control.

[GMPoison]

Actually there is no established organizations to control bitcoin. All over the world miners are confirming the transactions and that's it. There's no one's hand to control bitcoin but yes people could control the rate because if any individual buy lot of bitcoin in range of crore then obviously price will go up. And if there is no demabd and people start selling bitcoin then price would come down.

Your comment basically sums up 1000 other comments in this thread including 100 of your comments in the thread.Hope you understand the hypothetical references.
You're wrong [China Controls Bitcoins]  

You should finish that sentence. China doesn't "control bitcoin". China influences the price of Bitcoin, and that's all the "control" they have.

Lol, quite the contrary, anything that is done china will effect with bitcoin, you can see the largest exchanger bitcoin, everything is china. I think it is becoming a big problem, decentralized but bitcoin is easy to control.

Exchanges are in China... those using the exchanges aren't.
Mining pools are in China... those mining in the pools aren't.

It's not as simple as "Everything is done in China therefor China somehow controls bitcoin".

[erickkyut]

No one controls bitcoin! It is the user I think can be considered as the ones who controls bitcoin if we will based it on the law of supply and demand which is if the demand is low, the supply is high and if the supply is low, the demand will be high!

[Omega Weapon]

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

The Chinese government does not have direct control over bitcoin but since the most miners are there then anything the Chinese government does has big influence in the operations of miners and their exchanges and in that way they can indirectly influence bitcoin.

[Bitcoin0916]

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

The Chinese government does not have direct control over bitcoin but since the most miners are there then anything the Chinese government does has big influence in the operations of miners and their exchanges and in that way they can indirectly influence bitcoin.

Maybe the policy directly was not delivered, but I'm sure there are special subsidies from the Chinese Government. I am sure, the Chinese Government knows the odds of a proven bitcoin provides many benefits. An example is the industrial mining, china is the largest mining bitcoin country's, automatically​ China is the largest bitcoin stock, the Chinese community would certainly agree to be able to control bitcoin.

[poplolnman]

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

The Chinese government does not have direct control over bitcoin but since the most miners are there then anything the Chinese government does has big influence in the operations of miners and their exchanges and in that way they can indirectly influence bitcoin.

basically noone , no group or government agencies that could control over bitcoin , it's pretty clear that bitcoin itself are decentralized , people keep thinking about this. as they aware chinese miners currently are the most bitcoin holder , mark my words even they dump so hard by selling bitcoin in mass , bitcoin wouldn't fail and dropped to the hell.

[Okurkabinladin]

To the OP,

who controls torrents?  Principle is the same really. You cant shutdown bitcoin or torrents, because by design, they are decentralized. They will be used as long as there are uses for it.

For that reason, technological advance is paradoxically more of a long term threat then say momental government ban on its usage. Only way to uproot bitcoin is to introduce product that is far more advanced and intuitive. But also decentralized, because of its inherent advantages and robustness of overall system.

[Natalim]

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

The Chinese government does not have direct control over bitcoin but since the most miners are there then anything the Chinese government does has big influence in the operations of miners and their exchanges and in that way they can indirectly influence bitcoin.

basically noone , no group or government agencies that could control over bitcoin , it's pretty clear that bitcoin itself are decentralized , people keep thinking about this. as they aware chinese miners currently are the most bitcoin holder , mark my words even they dump so hard by selling bitcoin in mass , bitcoin wouldn't fail and dropped to the hell.

I'm sure there's plenty of smart adopters, they will not gonna do panic selling when there is a crisis or a manipulation that will happen. The current price movement is very amazing, we are heading to a new success once again, we should not waste this opportunity in our life, together we can make bitcoin group, a bigger group shall dictate the value and not the Chinese people only.

[mikehersh2]

Bitcoin is a decentralized online currency. This means that nobody "controls" it. It is controlled by the network, and the people who you it. It is

self-sufficient, and there is not one specific person or group that controls it all. It is simply run on an algorithm. If you want to learn about how it became

mainstream, do a google search, and you will see how the dark web allowed bitcoin to grow into what it is today.

[sir.humus]

Bitcoin is a decentralized online currency. This means that nobody "controls" it. It is controlled by the network, and the people who you it. It is

self-sufficient, and there is not one specific person or group that controls it all. It is simply run on an algorithm. If you want to learn about how it became

mainstream, do a google search, and you will see how the dark web allowed bitcoin to grow into what it is today.

The truth is that it is the Bitcoin users who wield ultimate power, and the miners' hashing power has absolutely no say in determining how the protocol evolves.
There are two kinds of "voting power" in Bitcoin: mining power and chain power, and the latter is what really matters because it, solely, on its own, determines how the Bitcoin protocol evolves.

[d@nte]

If there were anyone controlling Bitcoin, surely the currency would not have the value it has today, and I also think that there would not be so many users willing to store value in the form of Bitcoin. However, if you ask me who are the most influential people on it, I would say they are the miners, I also think there are large holders who could make significant price changes if they decided to dump their coins, but the effect would be something temporary.

[deisik]

Bitcoin is a decentralized online currency. This means that nobody "controls" it. It is controlled by the network, and the people who you it. It is

self-sufficient, and there is not one specific person or group that controls it all. It is simply run on an algorithm. If you want to learn about how it became

mainstream, do a google search, and you will see how the dark web allowed bitcoin to grow into what it is today.

The truth is that it is the Bitcoin users who wield ultimate power, and the miners' hashing power has absolutely no say in determining how the protocol evolves

Are you sure of that?

Everyone and his dog here are claiming that, for example, SegWit doesn't get accepted because miners are not inclined to purportedly lose some of their profits (because SegWit would allow more transactions per block, thus less competition between fees). If miners have absolutely no say in such matters, why then SegWit is still not included even despite the fact that most users are in favor of enabling it? Or does it not cut as protocol evolution? Then what does?