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Author Topic: Who controls the Bitcoin system?  (Read 1454 times)
NewBet
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April 18, 2018, 11:24:15 AM
 #301

Bitcoin is a decentralized currency which means no one controls the entire system. You as a user control your own coins just like other users which does not put power in the hands of a single person. This is why the governments are against it because there is no way for them to control which means there is no way for them to control the users and what they do with their money.
roller24
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April 18, 2018, 11:41:54 AM
 #302

if we knew and could indeed control bitcoin then I think the course would now did madly flew up maybe soon it will actually happen
KingScorpio
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April 18, 2018, 11:44:11 AM
 #303

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.

i heard a japanese version of graf dracula is doing that,

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April 18, 2018, 11:46:12 AM
 #304

According to me Nobody control bitcoin system . Even it's decentralization but you can say that bitcoin is controlled by all of us.

nara1892
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April 18, 2018, 11:59:55 AM
 #305

Miner is the one who controls bitcoin network, and anyone can be a miner and participate in processing bitcoin transactions in the world
You can join in one of pool to work together to mine bitcoin.

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cryptonad
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April 18, 2018, 12:42:29 PM
 #306

Nobody controls the bitcoin system as I think because it is decentralized. We the people most especially who did earned a lot of money  are the one who has the big part of making it works.
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April 18, 2018, 01:44:21 PM
 #307

Many large bitcoin holder in our forum, if they able to change bitcoin price,I think they do that again and again.But it is not possible because bitcoin is a decentralized crypto currency system.
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April 18, 2018, 01:49:03 PM
 #308

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.
There is no one that controlling the system of bitcoin, the bitcoin price is affected by some factors such as the law of supply and demand which is the most factor that affects the price of bitcoin.

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gunhell16
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April 18, 2018, 01:53:15 PM
 #309

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.

Bitcoin is controlled by the people all over the world.
the system of sending and receiving is also held by the people (miners)
they are the one who gets involved in it.
This is why governments and bank are getting on their nerves as they want bitcoin to be regulated but its very hard.

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Krispin47
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April 18, 2018, 02:00:58 PM
 #310

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.
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
bajigur894784
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April 18, 2018, 02:02:16 PM
 #311

Bitcoin is controlled by all its users worldwide. the developer can indeed improve Bitcoin software, but they can not force change in Bitcoin because all users are free to choose the software and version they want to use. In order to stay with each other, all users need to use the same rule-compliant software. Bitcoin can only work well if there is a full consensus among all its users. Thus, all users and developers have a strong incentive to realize this consensus.
crazy-pilot
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April 18, 2018, 02:06:23 PM
 #312

big pools and miners controlling bitcoin systems and their network hash rate , no one could centralize control bitcoin at all only all people.

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pucunghul
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April 18, 2018, 02:07:44 PM
 #313

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 you are right, as it is the specialty of bitcoin. and different when compared to the obvious altcoin there is a developer behind it.
bitcoin becomes the most promising crypto in investment or trade. that's why bitcoin evolves as the times progress.

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April 18, 2018, 02:09:48 PM
 #314

The whole concept of BTC and blockchain was created to make sure that no one controls the technology.
chickenfried12
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April 18, 2018, 02:17:25 PM
 #315

my point of view is that we are all part of a game of bitcoin, we can only control it at a sufficient level and make our investments properly. you need to go ahead with gains and losses may be the issue at this time those who have large amounts of money may want to take control of the manipulation can add the price can break
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April 18, 2018, 02:28:03 PM
 #316

Bitcoin is an open source software that was originally operated by Satoshi Nakamoto. Nakamoto left the site in 2010 and handed over the key to Gavin Andresen. Andresen claims he has managed to decentralize and said: "As soon as Satoshi left and put the project on my shoulders, one of the first things I did was try to decentralize it. Leave Bitcoin to a fully decentralized network.
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April 18, 2018, 02:34:45 PM
 #317

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.
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
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April 18, 2018, 02:40:38 PM
 #318

Noone controls the Bitcoin system. Nó hoạt động dễ dàng, nhanh chóng thông qua công nghệ blockchain hiện đại và có tính bảo mật cao. Chính vì thế, bitcoin ra đời rất được nhiều người tưởng tượng bởi công nghệ hiện đại của nó và giao dịch tự trên thị trường cryptocurrency.

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April 18, 2018, 02:44:09 PM
 #319

The popularity of the bitcoin cryptocurrency beats all records, which can not but cause heated discussions about its future, despite the fact that opinions about it vary greatly: some fully support the virtual currency, while others absolutely do not believe in its potential. "Voice of Russia" discussed the phenomenon of bitcoin with Andreas Lehrbaum, Chairman of the nonprofit organization "Bitcoin Austria".
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April 18, 2018, 02:45:52 PM
 #320

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.
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

The problem is that if some software developer wants to enforce his changes to Bitcoin, then he can easily create a forked chain. Ever since the first forked coin was created (Bitcoin Cash), we had dozens of such forked chains.
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