Q. Who is in control of bitcoin?
satyakam

Believer in Truth !


Who is in control of bitcoin?


5

Answers

175

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27

Feb, 2018

Accepted Answer
  • shafeen786

    Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can’t force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.


       

    answered by

      77.7 q
  • kiaazad

    all of the users, specially those whom are trading it often


       

    answered by

      15.32 q
  • pearljam

    One who hodl it.


       

    answered by

      14.47 q
  • abhinandanadike

    Since it is traded market forces are in control of Bitcoin.


       

    answered by

      9.13 q
  • daquasky

    Not sure! Don’t think any person or persons are in complete control but whales, banks, media, politicians etc can try to influence it.


       

    answered by

      64.81 q

Asked in Category

Bitcoin

One among the 700 other, is the bitcoin, which was the first ever of its type. Bitcoin is a form of cryptocurrency that is not regulated by the government. Cryptocurrency is a market that is nearly a decade old and in its early stage. There can be many benefits of using a cryptocurrency but along with that comes the risk involved, that one must not forget to consider. It is believed, "like the internet, bitcoin will change the way people interact and do business around the world".

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