cryptocurrencys owners???

[moliver]

an important question for me, that no one answered: whoever creates a coin owns it or is it jointly owned by the community that uses it? technically or legally?

[jackg]

This is more of a question of how the gnu works.

The gnu is a license. It's like asking who owns ubuntu. You could say it's the ubuntu foundation but they have sampled Linus Torvalds work and have also copied the works from the Debian team.

With bitcoin it's the same. Bitcoin's backbone is essentially: a database, hashcoins, ecdsa and hashing put together to make what we have today...

So the point is that the community owns the coins. The people who mine would be nothing without those who trade, those who hosted nodes and those who actually develop the code.

[bitfocus]

During the time of ICO, the companies mentioned in their Whitepaper itself about the division of the token. While some portion is retained by the management for different purposes like allotment to internal team as an incentive and so on, remaining is open to the public

Make sure that you check the whitepaper of every token to get the real idea of the portion held by the management and what is out there for the public

yes, you are right.

[Upgate]

In my personal opinion when you create a coin you would always want investors to invest and get the coin you created when you bring it out for public or crowd sales through ico you will no longer have ownership of the coin that is owned by an investor and your activities and the activities of holders can affect the price and conditions of the coin so in essence you do not complete own the coin anymore after sales

[Polonex]

I think that once the token goes up for ico anyone who buys it now owns the coin so it's jointly owned by the creator and tokenholders.

[simple999]

probably, the one who created, its owner, and we are already as consumers, we do not say that our McDonald's, we just buy burgers there. And we don’t claim any rights other than those for us, for our money, to be well served, another thing, when we already bought a coin, then it is clear that this is ours! Just like that cake - we bought it, it no longer belongs to Mac.

[BrewMaster]

it depends on the coin and the reason why they created it! you can't compare everything with bitcoin and say because bitcoin is certain way then everything else has to be that way too.

if the  coin is designed to be decentralized like bitcoin then nobody owns it, as it is with Satoshi and the reason why he disappeared. such coins will require the whole network to decide for its future because the whole network is the "owner"
but if the coin is designed to be centralized then it is owned by the creators. for example ethereum or ripple.. and whenever they make a decision, that decision is final and any participants can not have a say in it.

[izanagi narukami]

It's similar way like open stock to public.
Let say that you own a company and try to gather fund, releasing your stock to public is the common way to gather fund.
If you're the owner want to gather fund, you need to release it into public so they can aware your token !

[oceantiger]

The team that has the concept they want to develop through ICO are the originators of the coins that will be used to establish the concept to be a reality. Once the ico is ongoing and people start to buy the coins they buyers are the owner of the coins because they purchase it. The team always have their own part of the coin based on the sharing formula for the project.

[fudster]

If you created a coin, you would want it distributed to people who wants to use it and appreciates its value.

If you are the one who solely own it then its just going to be your own and not distributing it. People around you will gladly say, you can take it all for yourself and keep it.
This is why teams are airdropping it so they can see whether people are interested in using it.

[siruiiuris]

This is a good idea to link assets and authorizations.

[kingpin4321]

Once you buy a token it's officially becomes yours but the owners of the token has still some roles to play as to whether the token would rise or fall
So token owners burns left over tokens this can help the success of the token also

[proTECH77]

Once you buy a token it's officially becomes yours but the owners of the token has still some roles to play as to whether the token would rise or fall
So token owners burns left over tokens this can help the success of the token also

Do you now mean that, what we are experiencing today is a result of the coins(Tokens) owners that make the bearish market linger till this day? Or at the bull run the owners cause the bull to be observe before it surface?
Just curious about this whole thing at times.
What i know is; in most cases the owners of coins (Tokens) are foundations or also you can refer to their whitepaper or refer to their team member groups, coins owners can be jointly own or individual.

[coinwizard_]

There is no standard regulation so whoever holds the keys is the owner of the currency. It is up to the creator to make it an open source community owned project.

[romero121]

Cryptocurrency owners aren't the only holders, each coin has got its community. The team keeps the team in an organized fashion and the team decides the tokens distribution. In most cases the CEO holds a major share. Now we've got more than 2000 coins and tokens, each team will be having its own distribution pattern.

[bitfocus]

in short, the community wons it.

[Muzika]

an important question for me, that no one answered: whoever creates a coin owns it or is it jointly owned by the community that uses it? technically or legally?

it is depends on the ICO team. there are some team the when the ICO ended and the unsold token will be sent out to unknown address that no one owns.
In the ICO website the coin partition was indicated so you can see there the percentage of partition of allocation of the token.

[YuginKadoya]

In my opinion, the most number of coins one has then I think that can be considered top ownership but even though we all have bitcoins though we can be called a few that have ownership there is a huge difference between shareholder and a consumer of a product I really think whales had a big impact to the value then we can assumed that they are a top of the top Ownership with a certain coin that they had invested too.

[susuberuang]

cryptocurrency does not have a leader, all cryptocurrency can only be used for people who can accept payments using cryptocurrency and for now some countries still prohibit the use of cryptocurrency but that is a small scale compared to receiving cryptocurrency payments.

[demenBTC]

an important question for me, that no one answered: whoever creates a coin owns it or is it jointly owned by the community that uses it? technically or legally?

Coin projects always have developers, this can be called 80% of the coin owners themselves, the community is generally formed after coins become popular and held by many people, developers have special control so that the coins stay alive and have good quality. and has value in the market