Re: Who controls Bitcoin?

#2
rominakash wrote:
February 1st, 2018, 9:29 pm
Who controls the Bitcoin network? :?
Hey Rominakash buddy! I'm new to bitcoin and may be wrong 🙆‍♂️

Anyway, as far as I know, the Bitcoin development is controlled by a bunch of the nerdiest geeks in the world:
https://github.com/bitcoin/bitcoin/graphs/contributors

The Bitcoin price is controlled by the market (people who buy and sell BTC).

The Bitcoin popularity is controlled by all mass media and politicians.

The Bitcoin supply (as I just was told 😁) is controlled by the algorithm (or protocol) and can be exceeded if all the Bitcoin users will agree to increase the limit.
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Re: Who controls Bitcoin?

#3
rominakash wrote:
February 1st, 2018, 9:29 pm
Who controls the Bitcoin network? :?
Well, the idea is that nobody is in control. Nobody and everyone in any way, so cryptocurrencies work with the same idea behind politics, religion or other monetary systems. There is not necessarily a person who is in charge, but there is a whole community, a society that decides to carry out this program or be part of the system and together they determine the rules, how this money works. So there is not a company, a CEO or a government agency, but it is all the users who carry the coin.
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Re: Who controls Bitcoin?

#6
alexanderisora wrote:
March 28th, 2018, 3:15 pm
jitenrajput wrote:
March 28th, 2018, 7:02 am
Bitcoin is a decentralized cryptocurrency.
Hey Jitenrajput. This statement is arguable:

Hi alexanderisora,
Thank you for sharing the blog. I know practically it isn't decentralized as its concept was defined. I have already mentioned in the answer "formally". I have mentioned the point of bitcoin miners as well.
Hope its clear!
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