Who controls the Bitcoin system?

[hieu81]

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.

Currently, no organization controls Bitcoin! The community is running it, I wish it would always be that way!

[1715365597]

1715365597

[1715365597]

1715365597

[1715365597]

1715365597

[1715365597]

1715365597

[Lebovsky]

In fact, bitcoin is not possible to control. And all thanks to the blockchain, which eliminates third parties, which may this system to control. Now it sought a government that would be able to control this market. But while there is no system that could manage transactions and the blockchain.

[prediction on bush]

There are people who own a very large percentage of the extracted bitcoins.
If they want to change the price, they will do it.

And there is no question of any decentralization!
Bitcoin has become a means of manipulation.

I strongly agree on your opinion that, there are people who own a very large percentage of the extracted bitcoins and if they want to change the price, they will do it. And adding also my opinion that, 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. In addition, Bitcoin is controlled by us the people it is decentralised meaning nobody has full control of it. On the otherhand, btc is controlled by minority who holds most of btc, Its all about money and power.

[nankers]

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.

no one system can control bitcoin. i think bitcoin control by the community bitcoin user itself. even the government of a country can not control bitcoin because I think bitcoin is created only as a digital currency. of course you know some countries forbid the use of bitcoins but can not prevent all bitcoin users in the country to make transactions

[poletando]

nobody cibtrikk the bitcoin system even the bitcoin netowrk, the system, transaction in and out is managed by system automatically that get the data from bitcoin user, so it will very good for use because nobody can't play bitcoin price. because bitcoin is designed for work automatically, even the creater can't control the bitcoin system right now ( as i read it)

[piter_wip12592]

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.

no one system can control bitcoin. i think bitcoin control by the community bitcoin user itself. even the government of a country can not control bitcoin because I think bitcoin is created only as a digital currency. of course you know some countries forbid the use of bitcoins but can not prevent all bitcoin users in the country to make transactions

I think differently. If there is a group of rich enough to work together, they will control the bitcoin market. Because at present, the market capitalization I see is not big enough to be out of control of the big money.

[KuyaBreezy]

BITCOIN, like  most cryptocurrencies is free of any control , whether institutional or governmental, It value is only controlled by the forces of demand and supply. There however are developers who can only upgrade its operating system, but Thats just what they can do

[Arabella.Theo]

The bitcoin core developers have the biggest influence in terms of innovation but any updates they suggest have to achieve consensus among all users so there isn't really a central point of power. The bitcoin foundation pays the devs and also communicates with governments so they are quite influential

[anwar98]

I do not think anyone is controlling bitcoin. Bitcoin is controlled by everyone.

[Mbah Djoko]

Bitcoin is a decentralized system and uses blockchain technology so there is no single server, when the first server receives a blockchain confirmation it will be forwarded to the next server this can continue up to billions of chains.

[Pansamantala]

Nobody has the rights or credits to bitcoin. So bitcoin is technically a technology that was being rub by the users and not by a single company or entity. This is the same thing tgst goes with a lot if revolutionary internet programs or activities like the invention of email. Nobody owns royalties on the creation of email. I think this is just good since bitcoin is intended to become a decentralized cryptocurrency.

[Msile]

No one controls the Bitcoin system but the community and the miners. The word decentralized is used with Bitcoin for this reason only. If the miners ever go rogue than the community can just fork the coin and start using that chain instead of the older chain. This is a benefit of decentralization that you wont get any where.

[blacksnapper94]

Bitcoin uses a decentralized system. No one governing party (such as a bank) because everyone participates in the process. This means no one can decide on one side or create a new policy that incriminates the owner of this currency. For example a Bitcoin address can not be frozen by a party.

[david roman]

Bitcoin have limited supply and not one institution or government can control the supply. Its happen because bitcoin have decentralized system and its can eliminate intermediaries

[al.nechiporuk]

I believe that no one controls the bitcoins. Although for a percentage of 40%, perhaps several hundred people around the world can influence. Owners of the largest number of coins.

[Bananaman0005]

for me i think nobody controls the bitcoin i think bitcoin  controled by itself  or sometimes bitcoin controls the people who wants to earn it 

[psk07]

Only large players with joint actions can regulate the cost of bitcoins, as it has always been and will be in any industry. And it can not be controlled any more.

[cryptodreem]

So far as I know, owners are the controller of BTC. It has no central authority like conventional system. On the other hand many people think the people who have a huge amount of BTC can control it. This concept is not right, I think. It is control by market demand and supply.

[johnine]

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.

No one controls bitcoin, but sometimes​ it is being controlled by large investors and the users, once their is a high demand, BTC's price will be determined.

[violet catona]

there is no control over bitcoin and the only one controls it is the dev and the owner of bitcoin we do not know how to recover the bitcoin but we just hold it