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Author Topic: Bitcoin is the only thing that humans cannot control  (Read 728 times)
Rehan Zakir
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July 07, 2021, 05:46:52 PM
 #61

Brother i have not agreed with your opinion. Humans controls the Bitcoin the dumping or pumping its price. Humans can controls its price. But Bitcoin is a decentralized currency. It means that their is no central authority that controls it. Anyone have the access to buy or sell the coins without any permission. This is the best thing of Bitcoin that we can send this currency from anywhere in the world with low transaction fees.

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July 07, 2021, 07:32:37 PM
 #62

I'm not agree with this, that bitcoin is thing that human not control, because human only control bitcoin and because of human chart price will be changed.ane if human not control bitcoin tell who controls bitcoin do you mean , robots,or any other things like ghousts ,or alians.and if your hint is the any government controls ,than it is also humans.So ofcource bitcoin control humans and only humans.
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July 08, 2021, 03:45:24 AM
 #63

Brother i have not agreed with your opinion. Humans controls the Bitcoin the dumping or pumping its price. Humans can controls its price. But Bitcoin is a decentralized currency. It means that their is no central authority that controls it. Anyone have the access to buy or sell the coins without any permission. This is the best thing of Bitcoin that we can send this currency from anywhere in the world with low transaction fees.
First, Bitcoin as a decentralized currency has no central control. This is a fact. Some institutions or whales can indeed manipulate prices. People control the price is not the meaning of OP, the original intention is that people cannot control the Bitcoin network. The entire Bitcoin network will not be affected by humans. This unconventional operation makes more people pay attention to Bitcoin.
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July 08, 2021, 05:27:40 AM
 #64

Bitcoin is controlled by humans but is not concentrated or managed by a person, organization, or country.
Bitcoin's control is divided equally among everyone who holds it.
Bitcoin is decentralized, created so that everyone can use and control it peer-to-peer instead of being centrally controlled by individuals like the current financial industry.

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July 18, 2021, 09:02:45 AM
 #65

Bitcoin is controlled by humans but is not concentrated or managed by a person, organization, or country.
Bitcoin's control is divided equally among everyone who holds it.
Bitcoin is decentralized, created so that everyone can use and control it peer-to-peer instead of being centrally controlled by individuals like the current financial industry.

Bitcoin has no central authority, no sovereign state control, no CEO, no board of directors, and no holding company. One of the most powerful features of Bitcoin is that its creator is no longer involved in it.

Any change in Bitcoin requires consensus. This is the most important thing. In this sense, the Bitcoin governance model is similar to a perfect democratic system with a self-regulating balance system.

I support your point of view, thank you.
RainbowKun (OP)
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July 19, 2021, 08:13:08 AM
 #66

Bitcoin is controlled by humans but is not concentrated or managed by a person, organization, or country.
Bitcoin's control is divided equally among everyone who holds it.
Bitcoin is decentralized, created so that everyone can use and control it peer-to-peer instead of being centrally controlled by individuals like the current financial industry.

Bitcoin has no central authority, no sovereign state control, no CEO, no board of directors, and no holding company. One of the most powerful features of Bitcoin is that its creator is no longer involved in it.

Any change in Bitcoin requires consensus. This is the most important thing. In this sense, the Bitcoin governance model is similar to a perfect democratic system with a self-regulating balance system.

I support your point of view, thank you.

Thank you all for your wonderful replies. What I want to express here is that the current level of human technology cannot break the Bitcoin network. Human existing technology cannot crack the private key of Bitcoin, and cannot tamper with the data in the Bitcoin ledger. The existing technology of mankind cannot eliminate all Bitcoin nodes at the same time. There are both technical reasons and game theory reasons here. Therefore, I said that now a single human individual or some governments cannot control the Bitcoin network. The Bitcoin network cannot be eliminated. The existing human society has to adapt to the Bitcoin network.

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July 19, 2021, 02:52:20 PM
 #67

I'm not agree with this, that bitcoin is thing that human not control, because human only control bitcoin and because of human chart price will be changed.ane if human not control bitcoin tell who controls bitcoin do you mean , robots,or any other things like ghousts ,or alians.and if your hint is the any government controls ,than it is also humans.So ofcource bitcoin control humans and only humans.
I agree with your opinion, if bitcoin is not controlled by humans, then who else controls bitcoin, maybe robots, or the like, maybe you mean bitcoin is not controlled by the government, or third parties, or individuals, if that's the intent of your post, I think it can make sense..
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August 06, 2021, 03:19:52 AM
 #68

Quote

Bitcoin (BTC for short) is currently the most widely used digital currency. It was born on January 3, 2009. It is a digital encryption currency for peer-to-peer (P2P) transmission, with a total of 21 million. The Bitcoin network releases a certain amount of coins every 10 minutes, which is expected to reach its limit in 2140. Bitcoin is called "digital gold" by investors.


I believe in Einstein's theory of relativity. I support Bitcoin, but I do not agree with your point of view. There is no absolute uncontrollable, but the cost of controlling Bitcoin is too high and there is no benefit available.

Any amount of Bitcoin can be paid and received instantly anytime and anywhere. No bank holidays, no borders, no imposed restrictions, no amount restrictions, and no transaction time restrictions. Bitcoin allows its users to fully control their funds. Every user cannot control other people's accounts. I think this should be a reasonable explanation that Bitcoin cannot be controlled.

Another feature of Bitcoin is that everyone can be the owner of their own assets, or they can protect their own funds through backup and encryption, which is not possible with fiat currencies. This view is that Bitcoin is a digital currency that cannot be controlled by humans, rather than the only thing that humans cannot control.

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August 08, 2021, 09:58:52 AM
 #69

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Bitcoin (BTC for short) is currently the most widely used digital currency. It was born on January 3, 2009. It is a digital encryption currency for peer-to-peer (P2P) transmission, with a total of 21 million. The Bitcoin network releases a certain amount of coins every 10 minutes, which is expected to reach its limit in 2140. Bitcoin is called "digital gold" by investors.


I believe in Einstein's theory of relativity. I support Bitcoin, but I do not agree with your point of view. There is no absolute uncontrollable, but the cost of controlling Bitcoin is too high and there is no benefit available.

Any amount of Bitcoin can be paid and received instantly anytime and anywhere. No bank holidays, no borders, no imposed restrictions, no amount restrictions, and no transaction time restrictions. Bitcoin allows its users to fully control their funds. Every user cannot control other people's accounts. I think this should be a reasonable explanation that Bitcoin cannot be controlled.

Another feature of Bitcoin is that everyone can be the owner of their own assets, or they can protect their own funds through backup and encryption, which is not possible with fiat currencies. This view is that Bitcoin is a digital currency that cannot be controlled by humans, rather than the only thing that humans cannot control.



What I want to express here is that no single force can control Bitcoin. Humans cannot use existing science and technology to break into the Bitcoin network, to tamper with the data of Bitcoin, and to crack the private key of Bitcoin. On this basis, Bitcoin has established absolute trust in the mathematical base. Existing humans can only adapt to the existence of the Bitcoin network, but cannot intervene in the Bitcoin network.

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August 08, 2021, 10:17:48 AM
 #70

Bitcoin is controlled by humans but is not concentrated or managed by a person, organization, or country.
Bitcoin's control is divided equally among everyone who holds it.
Bitcoin is decentralized, created so that everyone can use and control it peer-to-peer instead of being centrally controlled by individuals like the current financial industry.
You're contradicting your statement that bitcoin is controlled by humans with you next statement which is bitcoin not being managed by a person. Also, bitcoin can be controlled by any person, I mean the whales won't exist if they don't have any stake on the market that will be so profitable to them. Yes it sort of doesn't have a central authority but that also means that anyone can get on top.

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August 08, 2021, 11:46:07 AM
 #71

If we were to take this literally, I don't think that bitcoin is going to be the only thing that we can't control, I mean there's the sun and the planets. Also, I think that we can actually control bitcoin because whales have been doing this to move the market to their interests.
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August 08, 2021, 01:31:47 PM
 #72

I am glad that I know a currency which government cannot control it. As bitcoin holder since few years ago, I feel satisfied because I choose bitcoin as investment. I have fiat money and cryptocurrency, my fiat money falue keep decreasing because of inflation while my cryptocurrency price keep increasing although there is extreme volatility in the market. I think our community is very lucky because of bitcoin and blockchain which is needed by the world.
it's true as you said my friend, bitcoin is the only thing that the government can't control, even anyone can't control the bitcoins we hold, the reason that causes many people to invest in bitcoin, because they can freely manage the bitcoins they have , without any third party interfering with their business..

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Sayeds56
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August 08, 2021, 01:40:44 PM
Last edit: August 08, 2021, 02:13:02 PM by Sayeds56
 #73

Bitcoin is a decentralized currency that is a virtual currency spread among all man-made. Man cannot control it. It is not right because man must have created it People have control. However, it is difficult to eradicate. But I can never accept that it cannot be controlled at all.

Well said, In deed it is most decentralized currency and has no human interference to control it. Once all 21 Million Bitcoins are mined then even Miners won't be able to supply Bitcoins in the Market but they will become Validators and continue receving transaction validating fee then only Market forces will determine its price based on demand which we can never predict how much it will grow and how many Million Dollars its price will reach due to scracity. Only time will answer this question. DYOR









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August 08, 2021, 04:44:19 PM
 #74

One of the reasons that humans cannot control bitcoin is because bitcoin is decentralized. other people cannot make bitcoins that are similar to the original bitcoins because each coin created has a different address contract, even though the name created is the same as the original bitcoin name but cannot be traded on the market that sells genuine bitcoin. Bitcoin is indeed an advanced technology that cannot be controlled by humans, I am very grateful to satoshi who has created bitcoin so that many people benefit from the results of trading bitcoin.

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August 08, 2021, 05:02:46 PM
 #75

Bitcoin is controlled by humans but is not concentrated or managed by a person, organization, or country.
Bitcoin's control is divided equally among everyone who holds it.
Bitcoin is decentralized, created so that everyone can use and control it peer-to-peer instead of being centrally controlled by individuals like the current financial industry.

You have explained it more better, btc can be controlled by humans but it is not a centralized entity where there are central body to dictate how it is being run, anyone who owns btc have the power to control it (i.e the entire transaction) am totally in control of the btc in my wallet and so are many other people out there who owns btc in their personal wallet, except for those who have their btc in an exchange, even they still have some level of control.

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August 09, 2021, 01:35:16 PM
 #76

In my opinion, Bitcoin is the only thing that beyond human control. On the surface, Bitcoin is a decentralized, trust-free, and non-proof value. Bitcoin also has split and transfer functions. But at the most essential level, Bitcoin is the first thing independent of human civilization and beyond human control. Bitcoin is an advanced civilization system independent of the existing human civilization system.
There are so many things that are beyond human control and we all know that. And as for bitcoin, it has to do with us the users, as long as it remains decentralized as it is now, then there is not going to be any problem and no one will control it because it is decentralized. But if we allow it to be controlled, then it would. Right now the community is big enough and there are so many nodes, so it is not going to be that easy to be controlled by anyone. And I love the fact that it can’t be controlled by anyone, because if it was easy to control, then the government would have jumped on it and start controlling it, which wouldn’t be a good idea.

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oHnK
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August 09, 2021, 02:06:42 PM
 #77

In my opinion, Bitcoin is the only thing that beyond human control. On the surface, Bitcoin is a decentralized, trust-free, and non-proof value. Bitcoin also has split and transfer functions. But at the most essential level, Bitcoin is the first thing independent of human civilization and beyond human control. Bitcoin is an advanced civilization system independent of the existing human civilization system.
There are so many things that are beyond human control and we all know that. And as for bitcoin, it has to do with us the users, as long as it remains decentralized as it is now, then there is not going to be any problem and no one will control it because it is decentralized. But if we allow it to be controlled, then it would. Right now the community is big enough and there are so many nodes, so it is not going to be that easy to be controlled by anyone. And I love the fact that it can’t be controlled by anyone, because if it was easy to control, then the government would have jumped on it and start controlling it, which wouldn’t be a good idea.

I don't think that Bitcoin and cryptocurrencies are completely out of human control because the market is filled with people so The concept of decentralization does not mean that it is not controlled by humans, but that control is released to each individual and everyone. if it's said to be out of human control It seems like it's not quite right because price movements and volatility are still influenced by demand and supply by every investor and trader.
nightxglow
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August 09, 2021, 02:10:41 PM
 #78

In my opinion, Bitcoin is the only thing that beyond human control. On the surface, Bitcoin is a decentralized, trust-free, and non-proof value. Bitcoin also has split and transfer functions. But at the most essential level, Bitcoin is the first thing independent of human civilization and beyond human control. Bitcoin is an advanced civilization system independent of the existing human civilization system.
There are so many things that are beyond human control and we all know that. And as for bitcoin, it has to do with us the users, as long as it remains decentralized as it is now, then there is not going to be any problem and no one will control it because it is decentralized. But if we allow it to be controlled, then it would. Right now the community is big enough and there are so many nodes, so it is not going to be that easy to be controlled by anyone. And I love the fact that it can’t be controlled by anyone, because if it was easy to control, then the government would have jumped on it and start controlling it, which wouldn’t be a good idea.

I don't think that Bitcoin and cryptocurrencies are completely out of human control because the market is filled with people so The concept of decentralization does not mean that it is not controlled by humans, but that control is released to each individual and everyone. if it's said to be out of human control It seems like it's not quite right because price movements and volatility are still influenced by demand and supply by every investor and trader.
Yes i agree with your opinion. I also think that bitcoin or cryptocurrency in general are completely out of human control, since in fact we might be able to control it. Not an individual can control it of course, since bitcoin has a high volume of transaction, and i don't think there is a single person with such a big portion or amount of bitcoin until he/she can drive the market as freely as they could. However, if the investors, or the people in this market all work together to move the price into a certain way, of course it's possible to do so, since the demand and supply is all according to us.

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