Bitcoin is Not An Organization

[wozzek23]

I think you and your professor are both wrong. Bitcoin is not an organization neither is it an industry lol.
Bitcoin is a network or technology and it’s not owned by anyone at all since it’s decentralized. You can as well call it a peer-to-peer transaction system, the transactions are sent directly from person to person without the need for intermediaries.

If it was an organization or industry as you and your professor said, then that organization would have acted as an intermediary, but since it’s not owned by anybody they can’t do that and neither can any one else. So, bitcoin is a network, you should read more about it online.

[Natalim]

That's correct, its not an organization as an organization there is a head or group of people who controls it.
This is more like an industry that opens for any business who like to adopt with it, and as an industry it's growing since the adoption is also growing, maybe the biggest industry as the gambling industry, financing, and many others can adopt with crypto or bitcoin.

[anoufal]

Bitcoin is not an organization, it is an opportunity that , unfortunately, few people know how to use.

[fortunecrypto]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized.  

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

You are lack of knowledge on how Bitcoin works and your professor is to good to correct you of your misconception, I am not an experts but the goal of the Cryptocurrency is to be decentralized makes it a non organization, you just go back and learn the theory and the concept so you'll now it is not, and what part of Satoshi's theory that you read that makes it an organization.

[Gladiator25]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized. 

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

For me, bitcoin is not an organization. Maybe the founder or the creator under the alias "Satoshi Nakamoto" may be an organization. bitcoin is a currency, bitcoin is a crypto. I think your professor is right that bitcoin is not an organization. Bitcoin is a coin that no one holds (except I think for Satoshi), even the government didn't have the authority to control the cryptocurrency

[MarioV]

I also think the term "industry" is an understatement for bitcoin. We are facing an epochal change, both cultural and economic.

[imstillthebest]

we dont know if btc is created only by one people ? ( satoshi ) or created by many other more , if yes then its safe to call it an organization because its compose of many other people    .

 that defines organization based on my own knowlege  but your prof is also correct too that bitcoin can also be refered to as an industry ( industry in finance ) since its related to currency/monetary    . what i only dont like with your prof is that he got easily angry for that matter and he take thing seriously   . that only shows that he isnt a profesional teacher  .

[Artemis3]

Bitcoin is not an organization.

Thank you for the clarification! We are about to solve it anyway! Can you share your opinion about why you are thinking like this way, please!!!
We are thinking the same there is no organization behind the door. But what drives you to think like that? Thus, we become a little enlightened.
Thank you in advance.

In a way the way a small group of people in bitcoin make the decisions of increasing / lowering the difficulty of the network, it could somehow be interpreted as some sort of federation, isn't it? Maybe I don't understand enough. COuld someone clarify this to me?

They don't, the code does. This code, or set of rules everyone involved with Bitcoin agreed upon before getting in.

You see, the code wants blocks found every 10 minutes. The creator decided to adjust that every 2016 blocks or two weeks, and that's what the code executes.

How do you call the miners, node operators, the core developers, and the community (here)? I don't really know, followers of the code? There is an industry surrounding Bitcoin, but that's not exactly it. There is no formal organization either, no one gets to decide anything, its already done.

Yes there is a bit of deciding, by (almost) everyone involved when a change is introduced in the code, because if people don't agree, they won't use it. The current Bitcoin iteration has had some modifications since its inception, accepted by the majority. Its part of the rules (code).

[Dildo Shwaggins]

NOT MY WORDS - These are the words from my Professor who just penalized me for writing that Bitcoin is an organization - its an industry; according to him it is NOT an organization but an industry or just a thing!

As a scholar studying for my MBA, I am in a huge fight with my Professor who will not change my grade based off his own inability to understand that Bitcoin is a DAO - a real organization, but not structured as as most because it is decentralized.  

After proving it is a DAO, he still wants me to provide more direct evidence that Bitcoin is an organization taking actions; needless to say, I am confused and could use some expert opinions here.

Well just to be certain I've looked the wikipedia exact definition on DAO's.
"A decentralized autonomous organization (DAO), sometimes labeled a decentralized autonomous corporation (DAC), is an organization represented by rules encoded as a computer program that is transparent, controlled by shareholders and not influenced by a central government. A DAO's financial transaction record and program rules are maintained on a blockchain. The precise legal status of this type of business organization is unclear."
It is clear that in this model there is control by shareholders, something that is not true for Bitcoin.

Don't get caught up on this word though. Organization can mean different things in other languages. In it's original language Greek it has a few meanings. Mainly it is a group of people that are joined to achieve a certain goal. It can also mean a movement following certain agenta, or as a verb, the act of doing something after having it thorougly planned before. So the word probably does not mean the same in all languages. Although an organization in business and economic terms, means that there is certain authority running it.

In Bitcoin the only authority is consensus. The code itself. It can be changed but it needs agreement between everyone involved, from miners to exchanges and developers, along with the whole community.

[EDIT] I feel confused now. Perhaps it is an wider organization containing everyone that can agree on changes in the code. I would certainly bookmark this topic as I'm undecided even after careful consideration.

By the way as stated by other members, Bitcoin is not an industry either. Cryptocurrencies as a whole can be considered an industry, so your teacher was definitely wrong there.

[dothebeats]

To an extent, you may call the miners as an organization--a decentralized one--but not bitcoin itself. Bitcoin is a currency on the digital realm that is backed by cryptography and math. The ones who solve these complex equations in order to mint new bitcoins and process transactions within the network are the miners, and the only ones that can be appropriately tagged as an organization no matter how crude the meaning could be. Those are two different things, and the next time don't mix them up.