Who controls the Bitcoin system?

[Aderiho Bitjones]

No one can control bitcoin. This is a decentralized currency. There are countries that impose restrictions on trade, but for a long time it will not last. The price in any case will grow due to the fact that bitcoin has a limit.

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[Saveralll]

i guess nobody can control the bitcoin system neither owns it...because it is much more like internet and other application systems... so nobody controls the technology on their own......

indeed no bitcoin controls it but there are countries that can set the market / trading system bitcoin. for example the US and China because most of the bitcoin discoveries come from that country.

[kpcian]

Since Bitcoin is a decentralized system so that no one can control this system so far I know. Only the shareholders are the decision maker on this platform. besides this issue, Bitcoin could be controlled by the miners, developers, and some big fishes.
From my perspective, Bitcoin, and blockchain system is a miracle because no one has any idea who is dealing with Bitcoin and other cryptocurrency systems. It's really a fantastic platform for those people who could hide from the authority and don't want to be focus light. and this is the main problem for the government because they don't have any information about their people involved in this platform.

[nishikido]

According to Bitcoin.org, nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

It's a network wherein all users has control on how it works.

[jops]

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

[1C6fV5DtakfKANLJ8GUV7hCaA]

Sir, no one really controls Bitcoin. That's why it's called decentralized. The consensus dictates its path. Miners, nodes, traders all affect the Bitcoin ecosystem and the people's actions are the ones responsible for whatever happens.

[anana ris]

All of us are good at protecting the bitcoin system, bat anyone who intends to cheat in the transaction can not do it, both holding and very clear, in the transaction.

[andishmes]

I think there is satoshi and bitcoin team who doing some code and other things, but in terms of price only market can decide where we will go.

[Polkeins]

I can't agree with you guys about Bitcoin and their decentralized and there are some reasons why
First of all now 4 or 5 companies that build equipment for mining like Nvidia, AMD , Bitmain. And If I'm not mistaken Bitmain that build ASIC controls 20-25% persents of all market so Bitcoin is not decentralized at all. We all know the winners here . Just looks and the stock price on Nvidia now and before 2015 and you'll be surprised.
The second one https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
It's a 100 top richiest Bitcoin walllets and you see that 0.68 % of all wallets controls 87 % of all Bitcoin!!! and 3.21% of all wallets controls 95.95% of all coins! TIt means that I guess 10 000 or some people control 95% of all coins here I don't think that this is real decentralization

[luckybit1]

No controls bitcoin. Bitcoin prides itself on having no administering body. It is totally keep running by the general population who utilize it. In any case, numerous individuals ponder who really has control of Bitcoin. There are a few frameworks that are key to keeping Bitcoin running legitimately. Its blockchain innovation isn't computerized, as a few people accept, rather it depends on the diligent work of excavators to prop it up.

[Diced90]

Anything that is decentralised is controlled by its users!

that being said we control bitcoin but NOT fully because external influences such as regulations, bad press, FUD etc do affect its price because crytpo is now based on these.

[NineBall]

Seem interesting. I still don't know who is satoshi, How he made BTC, and who controls the Bitcoin. Bitcoin it's truly anonym. No one know. but we still believe in bitcoin and there has never been a case of loss due to bitcoin. I think we can still trust BTC no matter we don't know the history about BTC.

[InvestICO2L]

Bitcoin is well-known for its decentralized system, thus no one can control it . It is participated by so many people all over world . In another word ,it covers many exchanges between people of many other countries ,they can get benefit from this system . Maybe the price fluctuation depends on the demand. This platform is great, it doesn’t distinguish anyone, no matter what or where you are, you completely have chance to use it to get benefits.

[BETAWI]

Bitcoin operates on decentralized blockchain technology used. Bitcoin is limited in supply, no formal institutional issuer, no formal authority to be responsible and no formal regulation issued and accepted by government.It only is controlled by all users involved in it.

[dekafee79]

The only one who can control bitcoin is its users. the developers only facilitate to provide virtual wallet services to bitcoin users without being able to change the system implemented by bitcoin with blockchain technology. With it, pure bitcoin is controlled by all its users so that the price also depends on the sale and purchase activities in various bitcoin marketplace and price fluctuations through the agreement with the users. However, the unique feature of this technology is that bitcoin transactions are confirmed by miners and recorded on all connected servers around the world.

agree mate, the one who can control bitcoin is all users. maybe big investor can affected demand but it is temporary, I think no one can be controll bitcoin, only supply and demand affect bitcoin.it is my opinion.

[CoachCarter]

Those who have large amount of bitcoin can manipulate its price but can't fully control it. Even if its decentralized and the people who holds bitcoins are the one controling it and its price.

[Boknoyz]

In fact, no one controls bitcoin. That made it unique, so its price is on the moon. It was created by a person in Japan with the desire to become a better banking software. He felt disgusted with the bank's banking system and their poor security, so it came up with the idea of creating bitcoins.

[dillpicklechips]

According to Bitcoin.org, nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Not necessarily "all" but rather a certain percentage, maybe 90% (I'm not quiet sure). This is what you called decentralized. This is a good thing since there is no central authority really to decide by itself to which path will BTC go. It needs to tell others and make them agree that this path will be where BTC is going.

[mpetyunov10]

Bitcoin's digital currency is known for being beyond the control of developers, any companies, or government institutions. Thanks to this feature, Bitcoin became famous. Of course, this is not the only factor that influenced the active growth of the market capitalization of the digital currency, but the ability to send and receive money transfers bypassing the banking sector played an important role in the development of Bitcoin as a reliable payment instrument.
By the way, most crypto-currencies are also beyond the control of even their creators. However, this does not mean that the P2P payment system is absolutely uncontrolled, there must be tools that regulate the basic processes of network interaction with the participants.
There is an opinion that the developers of the company Bitcoin Foundation, which is currently the official provider Bitcoin-network, have more opportunities to influence the system. In fact, it is nothing more than a delusion. There are only two groups of users who can indirectly control the Bitcoin system:
• Ordinary Internet users who work with digital money.
• Miners engaged in the production of Bitcoins.
No one else can affect the Bitcoin system in any way. Developers act as providers.

[Thymoty]

I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.

which drives Bitcoin are Mining, trading, and Bounty in Bitcoin (we are all Bitcoiner) because Bitcoin is driven by all of us so bitcoin is called a decentralized coin or open source.