Can Bitcoin also lead to corruption ?

[grermezter]

If you consider money laundering as corruption then I think bitcoins can lead to corruption. I'm general crypto currency is the best way to launder money that's why many governments are against it.

[BunnyShibe]

If you consider money laundering as corruption then I think bitcoins can lead to corruption. I'm general crypto currency is the best way to launder money that's why many governments are against it.

but to me i think corruption is something different from money laundering. i think not only bitcoin but almost every currency can be use for corruption, but we cannot blame bitcoin for that because the corrupt always try to find the easiest way for corruption.

[Intersan]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

Yes of course, you also said it yourself that money is the reason why corruption exists. Greed exists when people see that there is more than what is needed. Greed is the reason why there are many poor people.

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We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

Yes of course, you also said it yourself that money is the reason why corruption exists. Greed exists when people see that there is more than what is needed. Greed is the reason why there are many poor people.

We can't say that since if it were so, price would affect so much which will cause its rate to continue going down though its demand increases.

[TastyChillySauce00]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

Yes of course, you also said it yourself that money is the reason why corruption exists. Greed exists when people see that there is more than what is needed. Greed is the reason why there are many poor people.

Nah, actually not only money that can be corrupted, the same thing happen to gold and any precious things. Greed is nature of human and will always exist until human come to an end (extinct),
Talking about poor people, greed is one factor that make poverty exists, though, the laziness of struggling to get better living is the one main factor of why poverty is still exist, if we can resolve this, the poverty will seem to be decreased eventually, but, it's impossible to vanish the poverty.

[deisik]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

Here's a nice how-d'ye-do!

We have long been there already, just look at what is going on around Bitcoin mining nowadays (and all Bitcoin Core versus Bitcoin Unlimited battles raging across the forums). China is corrupted all through out, from upside down (and all the way up again). So what could you really expect from Chinese miners? Corruption is not about money in general or Bitcoin in particular, it is about people mostly, and Asians on the whole seem to be the most corrupted folks in the world today

[Theb]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

Here's a nice how-d'ye-do!

We have long been there already, just look at what is going on around Bitcoin mining nowadays (and all Bitcoin Core versus Bitcoin Unlimited battles raging across the forums). China is corrupted all through out, from upside down (and all the way up again). So what could you really expect from Chinese miners? Corruption is not about money in general or Bitcoin in particular, it is about people mostly, and Asians on the whole seem to be the most corrupted folks in the world today

Well anything that can lead to abuse of power can lead to corruption. Every kind of currency can entice anyone who can abuse it. Bitcoin perhaps can give more advantage on how they can cloak/hide hiw they transfer the money from one thing another undetected. If Bitcoin is being use for Laundering why can't it be in corruption?

[Kotone]

Yes it is many people are being greedy to use bitcoin but in the good way in others we do not know what is the really purpose of bitcoin to them government here is like loved to use bitcoin too where they say bitcoin can help our economics grow than other one less fee and easy to use for trading.

[machinek20]

I dont think it will lead to corruption because corruption is cause by the human, but I will certainly considered using bitcoin when I want to do such things, because bitcoin is anonymous and the value can be increase, so if I store my corrupted money in bitcoin form I can get more money

[BossMacko]

Yes Bitcoin can lead to corruption, Corruption is made as long as there is money involve and Bitcoin is money , I consider scam as a corruption also when it comes to cryptocurrency , for example new ICO then people invest with it then the creator of that ico run away, Correct me if i am wrong but i consider that also as a corruption. cheers.

[PokerDiceMan]

I think corruption use bitcoin or fiat money is still same very dificult, abou money laundring
because transaction bitcoin still use bank account, with bank account youre all financial transaction still can trace

[EthSports]

Any kind of money,goods can be used for corruption,i think btc is last possible becouse transactions are public.

[deisik]

Any kind of money,goods can be used for corruption,i think btc is last possible becouse transactions are public

They are public but you still basically don't know who is behind them

If we remove cash out of equation completely, Bitcoin could be a perfect tool for bribery. Even with cash, the bribee can get caught red-handed (and that's how they typically get caught eventually). With Bitcoin, this is no longer the case. You can cash out when you see appropriate, or someone whom you trust the keys and who may not be seemingly affiliated with you altogether can do that instead of you (but in your favor). After all, you can use your Bitcoin bribes that you receive as a personal pension fund and don't touch these bitcoins until you retire from your office (or get thrown out of it for other misdeeds)

[Raven91]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

Since it's not in control of government, I don't see any reason of corruption in bitcoin and you will see if there is corruption in bitcoin as its rate fell down. There are just hacking in bitcoin and there is no reported corruption yet it's possible.

[Schuyler]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

For me, it is possible to have  corruption in bitcoin.  But i don't  know what kind of corruption it is. In our generation today, it is not possible to corrupt everything because our technology is modern.  We also use internet to make a transactions via online. This is a public transactions so anyone can get access to it.  Greedy people or not, we always want a lot of money for unexpected expenses.

[Astvile]

As we all know about corruption it is all about money.Bitcoins is still a money to be consider even tho bitcoins is in cryptoworld.Yes bitcoins may lead into corruption which is already happening with some users that scams people for bitcoins and for me i called it as form of corruption too

[VanDeinsberg12]

Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.     

yes that is right and bitcoin is money, so it can lead corruption but i think we cannot blame bitcoin for that, as if bitcoin was not introduce they will then find other ways for corruption. but they are not going to stop corruption, as corruption is in their nature.

It's not bitcoins fault, corruption has been with mankind thousand of years and I don't think using bitcoin is an exception to that. As you have said, bitcoin is money, so if greed takes over from someone's mind, people are more willing to act dishonest in return of bitcoin for personal gain.

Yes, corruption will exist with any currency as long as there is demand and greed. Few can refuse from temptation.

If there will always be greedy person in the world and we can't erase the corruption in this world. corruption as a culture tradition for the greedy person.

[yrreg ger]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

Yes of course, you also said it yourself that money is the reason why corruption exists. Greed exists when people see that there is more than what is needed. Greed is the reason why there are many poor people.

People can be greedy for everything which includes money, personal needs, attention, love and many other things. Being greedy can not be get rid of but can be restrained because it is a human nature.

Since bitcoin is still a currency, I believe that it can also lead to corruption especially if the equivalent price of bitcoin is high. Governments are one example where corruption exists but since we are talking about bitcoin I can only imagine the corruption that can happen with investing and in gambling sites. What if the trusted developers or the people behind a gambling site become greedy? For sure, he can do corruption by just giving his bitcoin address to the people who will deposit in order to play games in that site and running away taking all the deposited money. He became not just a corrupt person but as a thief as well.

[bitbunnny]

Everything that has some material value could be used for corruptive activities so unfortunately Bitcoin is not an exclusion. Maybe it's not so often used for that like fiat money and the volatility is also limitating factor but still Bitcoin is also connected to corruption as well as to money laundering.

[hankyulpark]

IMO, Bitcoin is an excellent tool for it, unfortunately. One of its goals is to give you more freedom, especially freedom from the banking system and government watch. These two things, as a "necessary evil" also acts as a restraint, keeping more difficult to trying to corrupt someone else or being corrupted. When you break this restraint, the field is now clear...