Post
Topic
Board Bitcoin Discussion
Re: Who is really controlling the Bitcoin market.
by
Jo_Liu
on 29/07/2022, 09:36:46 UTC
By definition, decentralize means “ to move the control of an organization or government from a single place to several smaller ones. The same goes for the Bitcoin network, except instead of “several smaller places,” the control of the system is delegated to thousands of nodes - people who choose to run the Bitcoin software on their computers. No central authority makes decisions in regards to the Bitcoin network; instead, everyone gets to call the shots. No one owns Bitcoin technology, so there is no hidden mastermind who controls Bitcoin. It is users around the world who control Bitcoin. Anyone is free to develop and improve the bitcoin software. Likewise, anyone is free to choose which version of the software they want to run. However, to make it a usable, network, users must come together and run compatible versions of the software. In the end, a strong network requires everyone to operate within the same rules, and that’s how bitcoin consensus is reached - by the majority vote. These are all its theoritical points according to its characteristicshttps://xtrading.com/financial-questions/what-characteristics-does-the-bitcoin-system-have/.
BUT, IS IT REALLY SO? Huh