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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
jonatuzc
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October 28, 2017, 06:50:28 AM
 #1121

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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.
It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.
Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.
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October 28, 2017, 07:10:39 AM
 #1122

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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.
It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.
Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.
I think what the OP means that if "bitcoin can lead to corruption" is that, maybe it can serve as a tool for those corrupted minds to use it in their dirty works. I mean, I'm pretty sure they have a lot of ways for hiding their laundered money and with the emergence of bitcoin, they will have another option to use for their transactions.
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October 28, 2017, 07:16:52 AM
 #1123

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 can lead to corruption. We all know the great features bitcoin has and it has given has positive results, but it has also its own downsides. I'm sure that corrupted people will take these great features for granted. They will do anything so that they will not get caught corrupting money from anywhere else.
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October 28, 2017, 07:17:41 AM
 #1124

Everywhere where money is involved, and I consider bitcoin to be money, there is also possibility for corruption. It's in human nature and unfortunately bitcoin is no exceptiin. We all know that bitcoin is also like other currencies used for dirty and illegal activities and it's especialy convenient for money laundering because of biger anonimity than fiat currencies and lot of criminals use that. And to believe that governments aren't connected with bitcoin in any way is wrong and I'm sure bitcoin is also involved in corrupted activities.

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October 28, 2017, 07:19:28 AM
 #1125

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?


There is a high possibility that bitcoin can lead to corruption, what attracts it to corruption is it's value is so high that many people want more of it. It is in nature to be greedy, that is why they like to have more.

Great possibility to be used in corruption, bitcoin can be transfer easily without any details, that is what the corrupt official realy want to do, to transfer funds without any trace where does it came from.

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October 29, 2017, 08:22:12 AM
 #1126

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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.
It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.
Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.
I must appreciate your logic of reasoning. There is no way that we can blame bitcoin for being used in any kind of illegal activities or stuff like that. In fact, it is the faults of the ones who are having bitcoin in their pockets and who are actually encouraging use of bitcoin and other crypto currencies in such kind of activities. Bitcoin itself is a very profitable thing. We actually need to use it in a right way.
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October 29, 2017, 02:59:00 PM
 #1127

i think it will only the depend on the person, if they are really corrupt from the beginning people will also corrupt bitcoins, however, if you come to look at it, it is unusual for bitcoin to be corrupted in the government, if they all set a price for example 1 btc per transaction, they can monitor the receiving wallet, on how much it should have, and we just need to show proof of our transactions, if hat will be the case, i think we can lessen corruption, since there will still be people who are corrupt in the government, and hey might use different wallets for you to pay them.  i think, if the government will allow people to pay in bitcoin they should scan their addresses or better yet, the government should show its receiving address, but the problem there will be hackers, i think they might develop ways on how they can get the bitcoins from the government's wallet or a possible inside job. it really depends on the person, i think we should just need to practice integrity in order not to be corrupt.
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October 29, 2017, 03:15:48 PM
 #1128

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, We all know that the bitcoin is the new version of money and new online job that no one can control bitcoin.This is type of digital currency. Some people become greedy when they hear about it or when it comes in money. And yes maybe bitcoin lead to corruption, but I wish people dont do it.
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October 29, 2017, 03:25:23 PM
 #1129

It can definitely lead to corruption! And yes, I agree with your statement primarily because it is a form of online transaction that no one can trace. Might I forget to mention, in addition to the latter is that the anonymity feature of Bitcoin helps so much in hiding illegal transactions. That is why I think Bitcoins still belong to the black market because it is unregulated and no one is protected from fraudulent transactions involving it. 
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October 29, 2017, 04:36:13 PM
 #1130

dont think so. but its posible. anyone could do coruption if they want but im the end they will get caught. even its not a new thing that many of bitcoin use to be terorist fund raising and money laundry.
Well it can be possible but it doesn’t mean that bitcoin is here for corruption or for other illegal things because when you study bitcoin in detail so it will teach you good things not bad so it’s in our hand how to use bitcoin so we need to see the positive aspects of bitcoin and I’m sure if earn bitcoin with legal way so you will not do any corruption here.
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October 29, 2017, 04:55:15 PM
 #1131

dont think so. but its posible. anyone could do coruption if they want but im the end they will get caught. even its not a new thing that many of bitcoin use to be terorist fund raising and money laundry.

I think that's the saddest part of of the usages of bitcoin were it can be use for illegal activities if the users has a bad intention for it. But as much as we can we should not abuse the usages of bitcoin.

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October 30, 2017, 08:05:09 AM
 #1132

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?


There is a high possibility that bitcoin can lead to corruption, what attracts it to corruption is it's value is so high that many people want more of it. It is in nature to be greedy, that is why they like to have more.

Great possibility to be used in corruption, bitcoin can be transfer easily without any details, that is what the corrupt official realy want to do, to transfer funds without any trace where does it came from.
If bitcoin can be greatly used in corruption then I don’t think so that it is the fault of bitcoin. Those people who misuse such great technologies must be punished severely. No doubt that bitcoin has been used a lot in the underworld because of its anonymity and it is a very sad fact that humans can never live in peace. Some people just think about themselves and they will crush anything beneath their feet to get what they want.

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Eternu
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October 30, 2017, 08:19:49 AM
 #1133

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?
Of course it can. It already lead to some nasty viruses out there, and I mean on electronic viruses. More and more people consider Bitcoin because it can provide easy money. Just by holding Bitcoins person can make a lot of money, from fluctuation of the price. I see no reason why some person that would accept fiat money would not accept Bitcoin (if they know what Bitcoin is). It is even better with Bitcoins, because Bitcoins can not be tracked that easy. And we all know that corrupted people would not like to be found. So it is possible.
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October 30, 2017, 08:43:57 AM
 #1134

it can also lead to corruption. because in some developing country that not have some regulation and lack of knowledge itself about bitcoin. if the government found about bitcoin and how to use it. depends on the government itself, want to use bitcoin for developing its country. or want to use if to corrupt some of the country wealth. that's my opinion. #CMIIW  Smiley

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October 30, 2017, 09:10:26 AM
 #1135

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.
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October 30, 2017, 09:20:30 AM
 #1136

Power corrupts, bitcoin is power, so of cours bitcoin cand corrupt, especially if that person has some attraction for extra incomes.
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October 30, 2017, 10:24:04 AM
 #1137

Corruption exist in our daily life. But as to the opinion of most of the people, bitcoin could possibly lessen the corruption because money (maybe in some sort of salary or payment) can contribute to individual without having the third party, which corruption happens. Bitcoin can be used in scam rather in corruption due to its value, the attraction is always there. Still it depends how people will use it, people nowadays are very smart regarding in that matter ( even if it for the good or for their own greedy self).

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October 30, 2017, 11:00:30 AM
 #1138

Power corrupts, bitcoin is power, so of cours bitcoin cand corrupt, especially if that person has some attraction for extra incomes.
Extra income can be also done in legal ways, we don't need to do illegal activities just to make money but since bitcoin is just a tool and we don't own a person's mind, he can do anything he want including using bitcoin for his personal interest that might be against the law.
If fiat ca be use for corruption, I think that is also possible with bitcoin since it's easy to use and anyone who like fast transaction will be satisfied using it.




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October 30, 2017, 11:26:48 AM
 #1139

In my opinion, everything that has a power to buy has a chance to be corrupt. But manly for me it depends to the user itself. Without proper education and humanity. Corruption can be applied to anything.

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October 30, 2017, 12:00:47 PM
 #1140

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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.
It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.
Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.
I must appreciate your logic of reasoning. There is no way that we can blame bitcoin for being used in any kind of illegal activities or stuff like that. In fact, it is the faults of the ones who are having bitcoin in their pockets and who are actually encouraging use of bitcoin and other crypto currencies in such kind of activities. Bitcoin itself is a very profitable thing. We actually need to use it in a right way.
There are lot of conspiracies regarding this thing. There are so many who are saying this thing that bitcoin was only introduced to this world because of the reason that the people sitting in the underworld actually wanted to have such kind of thing. For me, bitcoin is a very profitable thing and we should not encourage this thing. Bitcoin needs to be used for good purpose only and it will have a bad name if used for corruption or any illegal activity.
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