laryillary
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April 07, 2018, 07:11:43 PM |
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Legislators do not have time for all the changes. They, of course, will have to come up with new laws, because the old schemes of financial control for bitcoins are simply not calculated, because the crypto currency is beyond traditional currency instruments.
But the process of adaptation, of course, will take a lot of time, and in the process it may turn out that it was necessary to manage the electronic currency in a different way.
So all attempts of regulators to subordinate bitcoin to themselves can lead to nothing. Therefore it seems to me that it is not so easy to control this currency.
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Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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xxToaDxx
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April 15, 2018, 03:48:59 AM |
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Bitcoin is controlled by all its users worldwide. Developers can indeed improve Bitcoin software, but they can not enforce changes in the Bitcoin protocol because all users are free to choose the software and version they want to use. In order to remain compatible with each other, all users need to use software that follows the same rules. Bitcoin is controlled by 80% consensus of the miners.
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yahamidu
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April 15, 2018, 03:54:23 AM |
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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.
yes, it's true.bitcoin is controlled by all of us. in my opinion |
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kasemin
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April 15, 2018, 04:15:25 AM |
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Ideally there is a claim that controls Bitcoin, it has developers who update and improve the operating system in an effort to make it more efficient. Bitcoin gives them the power to manipulate the price, they can easily change the price if they want to. With Blockchain technology, pure Bitcoin is controlled by all its users so the price also depends on buying and selling activities in bitcoin markets instead.
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01asd
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April 15, 2018, 04:18:48 AM |
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Bitcoin is controlled by all its users worldwide. Developers can indeed improve Bitcoin software, but they can not enforce changes in the Bitcoin protocol because all users are free to choose the software and version they want to use. In order to remain compatible with each other, all users need to use software that follows the same rules. Bitcoin is controlled by 80% consensus of the miners.
I think that the OP must understand the true concept and the basic knowledge of Bitcoin and crypto world. For what I heard and I what I read from the OP post, I think the OP clearly does not understand the basic system of Bitcoin. The purpose of the Bitcoin creation is that no one can control Bitcoin including government. So people can use Bitcoin as they like to do transaction and create their own freedom of financial. That is the unique and the dangerous thing about Bitcoin. It can be use for anything and the price can change at anytime. |
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wilburwilbur
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April 15, 2018, 04:26:38 AM |
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bitcoin is controlled by its users
but to deepen it, bitcoin is controlled by people who have greater share of bitcoin
just like in stock bonding, stockholders who have a large amount share in the company are mostly the people who controls it or the decision is theirs
but technically speaking, developers control bitcoin in a way
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cech makey1
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April 17, 2018, 03:00:32 PM |
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no one controls it, bitcoin is only controlled all its users, developers only improve software but can not impose changes in bitcoin protocol
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dynospytan
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April 17, 2018, 03:02:09 PM
Last edit: April 18, 2018, 12:30:27 PM by dynospytan |
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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.
You are right about that no own the bitcoin system but you are wrong with nobody can control it. Bitcoin can be controlled and the controllers are the user of it. So how do we know if how bitcoin systems works? It is a decentralized system that no one can control it even the government. But in terms of its price, bitcoin can be controlled. A lot of people who earns a lot in bitcoin or should I say those wealthy person, sometimes they manipulated the bitcoin price so they will get benefit of it. |
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glaciercapital
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April 17, 2018, 03:09:34 PM |
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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.
will update my reply for this post later. While I agree that because bitcoin is decentralized no single party has complete control over the system, however I believe the miners and many of the large crypto whales can have a huge amount of impact on the price and therefore often hashing power. |
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Houseman
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April 17, 2018, 03:17:43 PM |
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Bitcoin doesn't control by any one, bitcoin itself invented by using decentralization system. Thus meaning that no one can solely control bitcoin system and more over with bitcoin's unique technique which is Blockchain, it help to register every single transaction without control by anyone, thus bitcoin is not control by anyone.
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mackenzie5
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April 17, 2018, 04:02:02 PM |
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The bitcoin system is controlled by the block chain technology very efficiently.and its features are attractive to the global business people and the rich investors through out the world. So bitcoin is acquired wide popularity around the world and it can be used for the day to day requirement of human being such as for the usage of domestic bill payment shopping and the international shopping from any where to any thing. Now bitcoin is getting familiarize to all levels of people for their requirement.
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sopy82
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April 18, 2018, 07:02:24 AM |
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pure bitcoin is controlled by all its users so the price also depends on buying and selling activity in bitcoin markets and fluctuations, price through agreement with the user. But the unique feature of this technology is that bitcoin transactions are confirmed by miners and recorded on all connected servers around the world.
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biuifyus
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April 18, 2018, 07:06:22 AM |
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According to my own understanding, BTC is owned by global users to control, no one can be forced to change the BTC agreement, because all users around the world have the freedom to choose what they want to use the software, so this is the advantage of the BTC, is also gradually acknowledged that BTC status.
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mware
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April 18, 2018, 07:19:46 AM |
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Bitcoin is a cryptocurrency based on an open-source software. no one is controlling bitcoin. It’s fully decentralised. But practically it’s developed and supervised by contributors, miners, big exchanges and traders.
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DoublerHunter
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April 18, 2018, 07:21:04 AM |
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I don't think that there is someone who controls the bitcoin system because bitcoin is decentralized so nobody owns bitcoin and nobody has the power to control it so i think that bitcoin is just relying on the community and also from the people who uses it and buy and sell it on the market so bitcoin is just neutral and there is nothing to worry like being manipulated.
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Beroximos
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April 18, 2018, 07:22:03 AM |
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We All control BTC protocol and WE all Are under the control of everybody.
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tianok21
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April 18, 2018, 07:23:49 AM |
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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.
Nobody control bitcoin because it is decentralize program and no one can manipulate it. I don't think that there is someone who controls the bitcoin system because bitcoin is decentralized so nobody owns bitcoin and nobody has the power to control it so i think that bitcoin is just relying on the community and also from the people who uses it and buy and sell it on the market so bitcoin is just neutral and there is nothing to worry like being manipulated.
I agree with you. Bitcoin is a cryptocurrency based on an open-source software. no one is controlling bitcoin. It’s fully decentralised. But practically it’s developed and supervised by contributors, miners, big exchanges and traders.
Right bitcoin is an open - source software and nobody can control because of decentralized program of it. |
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Elips1
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April 18, 2018, 07:26:13 AM |
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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.
According on bitcoin's history, No single institution controls the bitcoin network. It is maintaned by a group volunteer coders and run by an open network of dedicated computers spread arround the world. |
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Ajinomoto40
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Buy, sell and store real cryptocurrencies
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April 18, 2018, 07:51:10 AM |
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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 can control or hold the bitcoin because it is decentralize program so no one can manipulate it or use it in bad things. either the government of any country don't have a power to control it as I said it is decentralize program. |
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The Alchemlst
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BITDEPOSITARY - Make ICO's , More Secure
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April 18, 2018, 07:57:10 AM |
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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.
It is like a self sustaining system that needs no maintenance which keeps alive and functional by the people who uses it making it circulate throughout the market. I love how bitcoin system was made to have such impervious security that we can put our trust to invest into. I think being made as a decentralize currency does not require it to be controlled by a single entity or company. |
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