superman2727 Posted April 29, 2018 Share Posted April 29, 2018 Do you ever think who are the ones controlling bitcoin? Are there some companies who manage it? or someone who has the power to manipulate bitcoins? Can someone tell me? Quote Link to comment https://slingbank.com/forums/topic/105-bitcoin-regulations/ Share on other sites More sharing options...
Martinsx Posted May 12, 2018 Share Posted May 12, 2018 Bitcoin as a digital currency didn't just magically came into the world and started existing, being accepted as a means of payment for transactions. There is definitely a brain behind it and it's what's still keeping it going, even though the coin is known to a decentralized currency without any affiliation to the central bank. Quote Link to comment https://slingbank.com/forums/topic/105-bitcoin-regulations/#findComment-395 Share on other sites More sharing options...
legendsneverdie Posted May 13, 2018 Share Posted May 13, 2018 Yeah, especially with its current value and how it's been accepted to be converted into several world currencies, bitcoins are regulated not only by certain companies but also by government laws. Quote Link to comment https://slingbank.com/forums/topic/105-bitcoin-regulations/#findComment-411 Share on other sites More sharing options...
Martinsx Posted May 13, 2018 Share Posted May 13, 2018 5 hours ago, legendsneverdie said: Yeah, especially with its current value and how it's been accepted to be converted into several world currencies, bitcoins are regulated not only by certain companies but also by government laws. I think most government laws are trying to kick bitcoin and other cryptocurrency out of business because of the competition it brings to their country's fiat currency and not being under the influence and control of Central Bank being a decentralized digital currency. Quote Link to comment https://slingbank.com/forums/topic/105-bitcoin-regulations/#findComment-416 Share on other sites More sharing options...
legendsneverdie Posted May 14, 2018 Share Posted May 14, 2018 19 hours ago, Martinsx said: I think most government laws are trying to kick bitcoin and other cryptocurrency out of business because of the competition it brings to their country's fiat currency and not being under the influence and control of Central Bank being a decentralized digital currency. I guess cryptocurrencies can be seen as threat which could potentially affect the economic value of the currency they use, so I guess they really take time to sort out the issues in legislation before they allow the cryptocurrencies to be usable. Quote Link to comment https://slingbank.com/forums/topic/105-bitcoin-regulations/#findComment-443 Share on other sites More sharing options...
Martinsx Posted May 15, 2018 Share Posted May 15, 2018 22 hours ago, legendsneverdie said: I guess cryptocurrencies can be seen as threat which could potentially affect the economic value of the currency they use, so I guess they really take time to sort out the issues in legislation before they allow the cryptocurrencies to be usable. Yeah, looking at how digital currency works, there is no taxing it by the federal, state or local government unlike what happens to fiat currency. People shifting over to accepting and using cryptocurrency as a means of payment and other transactions, without having any affiliation to the government banks, this would cut off huge funding from the government. Quote Link to comment https://slingbank.com/forums/topic/105-bitcoin-regulations/#findComment-461 Share on other sites More sharing options...
Kakashi2020 Posted May 17, 2018 Share Posted May 17, 2018 When I ask who controls the BTC Network, people answer me that it's being controlled by a program called block chain. Others would say that it's decentralized and that noones controlling it. Basically the best answer came from a young miner I had the chance to talk to in a computer store, he told me that BTC and it's worldwide network is being controlled by the ones mining it. All the servers and computers and devices that are mining it are being used by BTC hence as payment they get to mine it. Quote Link to comment https://slingbank.com/forums/topic/105-bitcoin-regulations/#findComment-519 Share on other sites More sharing options...
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