Who control bitcoin network?

[noormcs5]

Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?

no "one" person controls bitcoin. miners confirm the transaction so if somehow someone got a hold of more than 51% of the mining power the could confirm a bad transaction and then indirectly control bitcoin.

Bitcoin is not controlled by anyone or any institution. At the same time it is controlled by all users, being a decentralized platform.
That's one of the beauties of bitcoin 

[TraderETH]

Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. Soone manage blockchain could they take our money?

I think what is your mean is Blockchain wallet and not bitcoin network, Blockchain is online wallet until right now it is safe and there are not find the issue about this service, although it is can take our bitcoins.

[bitcointank]

No one can control bitcoin network, bitcoin network is decentralized, no centralized authority, therefore no one can, but one special case, if someone has more than 51% hashpower, he can attack. Now the hashrate is too big, so it is also impossible

[jossiel]

No one can control bitcoin network, bitcoin network is decentralized, no centralized authority, therefore no one can, but one special case, if someone has more than 51% hashpower, he can attack. Now the hashrate is too big, so it is also impossible

There is none exact controlling authority for the bitcoin network but the majority who are already have a lot of bitcoins are the one who makes big effect in the network.

So if you are going to remember that the bitfinex incident it made the price of bitcoin even though they don't have total control to the network.

But because they have  lost a lot of bitcoins it made a big impact in the network.

[sana54210]

No one can control bitcoin network, bitcoin network is decentralized, no centralized authority, therefore no one can, but one special case, if someone has more than 51% hashpower, he can attack. Now the hashrate is too big, so it is also impossible

Yes, no one controls but bitcoin miners protect bitcoin network with their hash power.
But in other words, we could say miners control bitcoin network but not in their favour but as per bitcoin mining algorithm and in Satoshi's way.
Furthermore we can make classification on miners based on their country, then we could say which country miners are dominating/controlling bitcoin network.

[goinmerry]

No one. 

It will all come down to a question: Who can control it through a lot of bitcoin in his hand?
Own a lot of it then you will see how fast it will move with just thousands of bitcoin to trade or cash it out.

[Kakmakr]

I am going to throw a Spanner into the works now, by saying some developers with commit access have some control over the changes that will or will not be made to the protocol. You still have the choice to go on your own, but if your proposal do not pass the Core team's approval, it will not be considered. Do you agree? ^hmmmm^

This is causing some friction between developers who are not part of the Core team, and the developers on the outside, who wants to contribute, but blocked from the inside. As I said, you are still welcome to do your own thing, and not to include your proposal into the Bitcoin protocol. ^??^

[Lauda]

It will all come down to a question: Who can control it through a lot of bitcoin in his hand?

No, it doesn't come down to that. Having a lot of Bitcoin does not imply any control whatsoever.

Own a lot of it then you will see how fast it will move with just thousands of bitcoin to trade or cash it out.

This is useless.

I am going to throw a Spanner into the works now, by saying some developers with commit access have some control over the changes that will or will not be made to the protocol. You still have the choice to go on your own, but if your proposal do not pass the Core team's approval, it will not be considered. Do you agree? ^hmmmm^

This is causing some friction between developers who are not part of the Core team, and the developers on the outside, who wants to contribute, but blocked from the inside. As I said, you are still welcome to do your own thing, and not to include your proposal into the Bitcoin protocol. ^??^

I don't. The project is open-source for a reason, and anyone can work on it if they choose to. The developers also think and act independently, as in some may like a set of changes while others won't. I doubt that the developers would reject a (good) proposed implementation just because 'you're not part of Core team'. Also, having commit access to a Github repository does not give you any kind of control over Bitcoin.

[davis196]

Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?

Nobody owns the bitcoin network and blockchain,but big bitcoin holders can influence the

bitcoin price.This sin`t such a problem.

Nobody can take our money from the blockchain.

[Zadicar]

Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?

Most people said the same  answer which bitcoin isnt controlled by anyone thats  why its  called  decentralized  cryptocurrency and  thats the good thing about bitcoin. Thats the  beauty about bitcoin we could  make transaction without any hassle  and we are connected  through a  huge network.

[YuginKadoya]

Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?

Most people said the same  answer which bitcoin isnt controlled by anyone thats  why its  called  decentralized  cryptocurrency and  thats the good thing about bitcoin. Thats the  beauty about bitcoin we could  make transaction without any hassle  and we are connected  through a  huge network.

Yup! and we don't have to worry about it cause bitcoin is secure so you can trust it but if your wallet provider was thinking to shutdown then I think that would be the time you would lose your bitcoin but I think a bitcoin wallet purpose isn't just for storing bitcoin cause their are many transaction that can be made by using it!

[mastica]

If one person or a group were responsible of the bitcoin network, the result would be a disaster as they would pick random ammounts all days from all till they hold all the bitcoins, or kill it, decentralized means no one has power or control it, sure big miners has influence at the price of bitcoin but besides that they cant do nothing.

[RodeoX]

I do! And I wouldn't have it any other way.
This is peer-to-peer stuff. There is no bitcoin company, no bank, no government; it belongs to you and I brother.

[Kakmakr]

It will all come down to a question: Who can control it through a lot of bitcoin in his hand?

No, it doesn't come down to that. Having a lot of Bitcoin does not imply any control whatsoever.

Own a lot of it then you will see how fast it will move with just thousands of bitcoin to trade or cash it out.

This is useless.

I am going to throw a Spanner into the works now, by saying some developers with commit access have some control over the changes that will or will not be made to the protocol. You still have the choice to go on your own, but if your proposal do not pass the Core team's approval, it will not be considered. Do you agree? ^hmmmm^

This is causing some friction between developers who are not part of the Core team, and the developers on the outside, who wants to contribute, but blocked from the inside. As I said, you are still welcome to do your own thing, and not to include your proposal into the Bitcoin protocol. ^??^

I don't. The project is open-source for a reason, and anyone can work on it if they choose to. The developers also think and act independently, as in some may like a set of changes while others won't. I doubt that the developers would reject a (good) proposed implementation just because 'you're not part of Core team'. Also, having commit access to a Github repository does not give you any kind of control over Bitcoin.

If commit access to a Github respository gives you no control, why then did they remove Gavin's commit access? The person with the key to the castle, can decide to open the door or to keep it closed. It is for this reason, why several people within the Core team, are given commit access and not only one.

We cannot deny the crucial influence this may have, if someone with malicious intent, could get sole access to that respository. < Sending out false alarms and distributing malicious code, as if it came from the Core team >

Correct me if I am wrong, please. ^smile^

[dharkmadder]

No one individually manages the network and that's the beauty of it, The network runs on nodes and these are just computers running the bitcoin client as node as well as miners who don't directly control anything but just carry transactions.

[BingoDog]

So many people have already answered here. No one is controling Bitcoin and that was one of the most important reasons it was made. No controling financial institution or governement. If that changes the Bitcoin will fall.

[mastica]

So many people have already answered here. No one is controling Bitcoin and that was one of the most important reasons it was made. No controling financial institution or governement. If that changes the Bitcoin will fall.

It wont fail it will kill bitcoin concept almost intant, changing something like that or the total supply of bitcoin as we approach the end of the mining period, around 2100, will make the most people to left it. We are into bitcoin because its potencial and beneficts, as all wanna make money into it and wanna save their money as well.

[bitbunnny]

No person or organization controls the Bitcoin. That is the whole point of Bitcoin story, to have independent currency that would exist outside the current worlds financial system. And I think this is also one of the keys for Bitcoin success, people are tired of banks and their monopol and control and the financial crisis they are causing all over the world.

[Yakamoto]

So many people have already answered here. No one is controling Bitcoin and that was one of the most important reasons it was made. No controling financial institution or governement. If that changes the Bitcoin will fall.

You know, even with a thousand answers a simple search away, people still have a hard time with that concept.

For OP, just to keep my response relevant, the network is simply controlled by people who have miners and so, and there is no-one who "controls" what happens. Things just get confirmed and miners make sure everyone else knows it has been confirmed. Simple as that.

[lionheart78]

Since bitcoin is decentralized so who actually makes the transaction, and who control blockchain and it's ledger. So one manage blockchain could they take our money?

I make the transaction, you make the transaction, every people who transfer bitcoin create the transaction, blockchain is not controled by anyone but overseen by everyone that have connection to it.  No one can take your money unless you give it to them, you can trust bitcoin security more than you trust banks.