Quote from: valentine wheeler on July 18, 2021, 09:02:45 AM

Quote from: fuguebtc on July 08, 2021, 05:27:40 AM

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.