Post
Topic
Board Bitcoin Discussion
Re: Who controls the Bitcoin system?
by
mpetyunov10
on 07/04/2018, 18:22:26 UTC
Bitcoin's digital currency is known for being beyond the control of developers, any companies, or government institutions. Thanks to this feature, Bitcoin became famous. Of course, this is not the only factor that influenced the active growth of the market capitalization of the digital currency, but the ability to send and receive money transfers bypassing the banking sector played an important role in the development of Bitcoin as a reliable payment instrument.
By the way, most crypto-currencies are also beyond the control of even their creators. However, this does not mean that the P2P payment system is absolutely uncontrolled, there must be tools that regulate the basic processes of network interaction with the participants.
There is an opinion that the developers of the company Bitcoin Foundation, which is currently the official provider Bitcoin-network, have more opportunities to influence the system. In fact, it is nothing more than a delusion. There are only two groups of users who can indirectly control the Bitcoin system:
• Ordinary Internet users who work with digital money.
• Miners engaged in the production of Bitcoins.
No one else can affect the Bitcoin system in any way. Developers act as providers.