Who Controls Bitcoin?

The short answer you already know: everyone. But, when broken down into its constituent parts, the answer becomes far more intriguing. This article is mainly a response to the many television and radio interviews I’ve watched where the host is perplexed that Bitcoin is not controlled by a central authority. Bitcoin may be the first truly democratic currency – one where decisions are made by consensus. When Satoshi Nakamoto open-sourced the bitcoin code so anyone curious enough could learn exactly how the system works, people used to looking to Ben Bernanke or Angela Merkel for guidance on currency were initially …