Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Claus on March 29, 2018, 11:38:15 PM

Title: Who owns Bitcoin
Post by: Claus on March 29, 2018, 11:38:15 PM
I'm trying to understand this but I'm not getting it. Please is it that someone owns all the Bitcoin in the world?
Title: Re: Who owns Bitcoin
Post by: jdcruz1412 on March 30, 2018, 03:00:28 AM
What is it that you don't get?

For your question in the title "Who owns Bitcoin", nobody owns bitcoin because it is decentralized, meaning no central body controls nor governs it. No one can own all the Bitcoin in the world as Bitcoin has a total supply of 21,000,000 and as of this writing the circulating supply in coinmarketcap is 16,946,875 which means there is still 4,053,125 Bitcoins which are not yet mined.
Title: Re: Who owns Bitcoin
Post by: cryptothief on March 30, 2018, 03:22:14 AM
A slightly bizarre question? Who owns the US dollar? Who owns my house? Who owns the carrot at my local store? You pay for it, you own it. Perception is changing slowly, the more people that own something, the less chance that one entity can control it. I believe that is the benefit of Bitcoin. No one organisation has control over the value, therefore the owners and perspective owners dictate the value. All just another big game, have fun.
Title: Re: Who owns Bitcoin
Post by: Pathfinder29 on April 01, 2018, 11:56:12 AM
Everyone owns bitcoin if you buy some 1 of them ::)
Title: Re: Who owns Bitcoin
Post by: YangDump on April 02, 2018, 05:51:15 AM
Quote from: jdcruz1412 on March 30, 2018, 03:00:28 AM
What is it that you don't get?

For your question in the title "Who owns Bitcoin", nobody owns bitcoin because it is decentralized, meaning no central body controls nor governs it. No one can own all the Bitcoin in the world as Bitcoin has a total supply of 21,000,000 and as of this writing the circulating supply in coinmarketcap is 16,946,875 which means there is still 4,053,125 Bitcoins which are not yet mined.
Good explaination mate hope he understand.
Title: Re: Who owns Bitcoin
Post by: Eben on April 02, 2018, 08:15:08 PM
Anyone investing in bitcoin owns it..no particular person, organization or governor owns it
Title: Re: Who owns Bitcoin
Post by: Domithra on April 02, 2018, 10:56:57 PM
Quote from: Claus on March 29, 2018, 11:38:15 PM
I'm trying to understand this but I'm not getting it. Please is it that someone owns all the Bitcoin in the world?
Bitcoin is owned by no one. Just like the real gold, it was created and designed to be mined by those who understands the mathematical calculations. Bitcoin is decentralized, thus no authoritative body is in control or owns it. Not even Satoshi Nakamoto who invented it.
Title: Re: Who owns Bitcoin
Post by: Claus on April 04, 2018, 01:37:43 PM
Quote from: jdcruz1412 on March 30, 2018, 03:00:28 AM
What is it that you don't get?

For your question in the title "Who owns Bitcoin", nobody owns bitcoin because it is decentralized, meaning no central body controls nor governs it. No one can own all the Bitcoin in the world as Bitcoin has a total supply of 21,000,000 and as of this writing the circulating supply in coinmarketcap is 16,946,875 which means there is still 4,053,125 Bitcoins which are not yet mined.
Thanks bubby
Title: Re: Who owns Bitcoin
Post by: Claus on April 04, 2018, 01:40:36 PM
Quote from: Domithra on April 02, 2018, 10:56:57 PM
Quote from: Claus on March 29, 2018, 11:38:15 PM
I'm trying to understand this but I'm not getting it. Please is it that someone owns all the Bitcoin in the world?
Bitcoin is owned by no one. Just like the real gold, it was created and designed to be mined by those who understands the mathematical calculations. Bitcoin is decentralized, thus no authoritative body is in control or owns it. Not even Satoshi Nakamoto who invented it.
Wow. Great response guys. I now get it. That means even for the mining we can start so that we get what we need in bitcoin. Thanks boss
Title: Re: Who owns Bitcoin
Post by: fernanda196 on April 05, 2018, 03:59:45 PM
Quote from: Claus on March 29, 2018, 11:38:15 PM
I'm trying to understand this but I'm not getting it. Please is it that someone owns all the Bitcoin in the world?
People who have bitcoin are investors who want to invest in crypto.
Title: Re: Who owns Bitcoin
Post by: MelchiZedek on April 07, 2018, 09:38:20 AM
Bitcoin is decentralised, which means it is own and controlled by everyone.
Title: Re: Who owns Bitcoin
Post by: ach64 on April 07, 2018, 10:03:33 AM
I think no one owns bitcoin. If u buy some, u become a shareholder
Title: Re: Who owns Bitcoin
Post by: kogs05 on April 11, 2018, 06:01:36 AM
Quote from: Claus on March 29, 2018, 11:38:15 PM
I'm trying to understand this but I'm not getting it. Please is it that someone owns all the Bitcoin in the world?

The people who are investing bitcoin and the people who are creating bitcoin named satoshi nkamoto.
Title: Re: Who owns Bitcoin
Post by: Heronzkey on April 12, 2018, 11:03:40 AM
The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
Title: Re: Who owns Bitcoin
Post by: TiffanyLien23 on April 12, 2018, 01:30:22 PM
Bitcoin is a digital currency which is no one owns. There are rumors that it is from satoshi but no one knows who really he is.
Title: Re: Who owns Bitcoin
Post by: Ali muhtar on April 27, 2018, 11:25:03 PM
which have bitcoins are those who invest or they are those who mine them