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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
dali_masmoudi
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October 31, 2017, 08:47:13 AM
 #1161

Anything with a big value can lead to corruption, but we have to control our selves in order to keep us away from that.
You can just earn your money with a legal way because crime money will not last long and as the quote say : "Easy come easy go".
There is corruption even in the IT world which can cause very serious problems (like Wanna Cry).
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October 31, 2017, 09:03:49 AM
 #1162

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.
Obviously, the fault is on the side of users not the currency itself. It is us who are misusing bitcoin and destroying its image around the world otherwise those who have used in right way are now millionaires or earning decent amount of money with bitcoin.

Bitcoin is just like other currencies and even before bitcoin, corruption was there and people do corruption even with paper money.

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October 31, 2017, 09:37:51 AM
 #1163

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.
Obviously, the fault is on the side of users not the currency itself. It is us who are misusing bitcoin and destroying its image around the world otherwise those who have used in right way are now millionaires or earning decent amount of money with bitcoin.

Bitcoin is just like other currencies and even before bitcoin, corruption was there and people do corruption even with paper money.
It is us who are abusing bitcoin and crushing its picture the world over generally the individuals who have utilized as a part of right way are currently tycoons or gaining better than average measure of cash with bitcoin
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October 31, 2017, 10:41:10 AM
 #1164

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 i think that it will, In my own opinion government are stealing money from tax without being noticed and if bitcoins will be manipulated by our government then the value will decrease and they will use the money for their own purpose.

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October 31, 2017, 10:58:41 AM
 #1165

I think corruption is no longer alien to our ears, many people out there are corrupt.
But in this case I think bitcoin has nothing to do with people who do corruption because corruption is all pure in their hearts to start corruption,bitcoin could be a tool to save corrupt people.
With its system using technology it is now possible making it difficult for us to know and catch people who are corrupt or not.

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October 31, 2017, 11:09:33 AM
 #1166

it is us people that will lead Bitcoin to corruption if we abuse it. Especially in politics. Tracking laundered money would be hard if it would be converted to bitcoin or any other cyrptocurrency.

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October 31, 2017, 12:55:52 PM
 #1167

Power corrupts, bitcoin is power, so of cours bitcoin cand corrupt, especially if that person has some attraction for extra incomes.
In my opinion, there is nothing either good or bad which bitcoin can actually do. It is we, the owners of bitcoin which have to decide this thing that either bitcoin will be used in some good things or in some kind of illegal activities.

The point is we cannot stop bitcoin from being used in corruption and other kind of illegal activities if the major stakeholders of bitcoin want to use it for such purpose.
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October 31, 2017, 01:06:21 PM
 #1168

Power corrupts, bitcoin is power, so of cours bitcoin cand corrupt, especially if that person has some attraction for extra incomes.
In my opinion, there is nothing either good or bad which bitcoin can actually do. It is we, the owners of bitcoin which have to decide this thing that either bitcoin will be used in some good things or in some kind of illegal activities.

The point is we cannot stop bitcoin from being used in corruption and other kind of illegal activities if the major stakeholders of bitcoin want to use it for such purpose.
We are the user, so currency is just a tool to helps us transfer money, payment, exchange ...
You can not blame any currency is the evil and makes the people used that currency for their crime.
We created the currency and this payment system => We are the evil if that currency used for crime. Wink
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October 31, 2017, 01:57:42 PM
 #1169

Wrong doing like corruption is not about the tool they use its about the person who wants to do the act. Anything that involves money can be used in corruption or anything you want it to be used.
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October 31, 2017, 02:32:35 PM
 #1170

it is us people that will lead Bitcoin to corruption if we abuse it. Especially in politics. Tracking laundered money would be hard if it would be converted to bitcoin or any other cyrptocurrency.
Lol, I kept on laughing after reading this. Yes, we are the ones that’s corrupt, but we can’t just be corrupt without any reason (though there are some people who are naturally evil) there are things that pushes most of us to do what we don’t want to do and that is money. Bitcoin is money, Gold is also money, and when we seek these things, those of us who don’t achieve them tends to do so by going through the evils means of getting it.
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October 31, 2017, 02:44:46 PM
 #1171

it is us people that will lead Bitcoin to corruption if we abuse it. Especially in politics. Tracking laundered money would be hard if it would be converted to bitcoin or any other cyrptocurrency.
Lol, I kept on laughing after reading this. Yes, we are the ones that’s corrupt, but we can’t just be corrupt without any reason (though there are some people who are naturally evil) there are things that pushes most of us to do what we don’t want to do and that is money. Bitcoin is money, Gold is also money, and when we seek these things, those of us who don’t achieve them tends to do so by going through the evils means of getting it.

Are you saying it's that thing's fault that people can't control their urges? That thing deserves to be punished because it causes people to misbehave?
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October 31, 2017, 02:51:58 PM
 #1172

It is considered that it will be possible to get rid of corruption and theft only by changing society and institutions.  However, it can be done much easier - with the help of computer technology, from which it will be impossible to hide.  I believe that bitcoin in some part struggles with corruption.
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October 31, 2017, 03:08:33 PM
 #1173

It is considered that it will be possible to get rid of corruption and theft only by changing society and institutions.  However, it can be done much easier - with the help of computer technology, from which it will be impossible to hide.  I believe that bitcoin in some part struggles with corruption.
For me, bitcoin will only lead to corruption if the government is on control of it but as long as it isn't then for me it won't lead into any kind of corrupting rather it could even help some people to earn some extra money. But yeah, theft is one thing the bitcoin holders should fear especially those who doesn't know how to protect their private key and passwords. Since bitcoin itself is hard to decrypt except for the computer where the priv key is on.
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October 31, 2017, 03:37:41 PM
 #1174

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, it can lead to corruption especially to people who is not contented with what they have and still want more. Corruption Is always been a problem even before and now that they can see the potential of virtual currency and what bitcoin can do, people will find a way to make use of it in illegal way like money laundering, drugs, terrorism.

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October 31, 2017, 03:51:14 PM
 #1175

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.
I usually do not fancy it when bitcoin is being attributed to illegal activities as if would make it much more worst. Firstly, unless you want to do some mixing, bitcoin transaction can be traced so not necessarily anonymous. Also, illegal activities has been in existence even before bitcoin came into play. There are so many means they have always made payments in cash, assets and so on, so bitcoin is definitely not an exception and also not the cause.
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October 31, 2017, 04:24:04 PM
 #1176

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, it can lead to corruption especially to people who is not contented with what they have and still want more. Corruption Is always been a problem even before and now that they can see the potential of virtual currency and what bitcoin can do, people will find a way to make use of it in illegal way like money laundering, drugs, terrorism.
What you've said is not a part of corruption because corruption is not making money laundering, drugs or terrorism. It is in the way that people act how he can make money without doing anything in short just like stealing money from people and with bitcoins corruption will going to decrease.


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October 31, 2017, 08:16:21 PM
 #1177

Bitcoin won't lead to corruption it would be a tool corrupt people would use gone are the days of a brown envelope under the table. Now bitcoin coin can be used and is unique in the way that it is untraceable.
Corruption it is going to change that is all, in the old days people paid bribes with gold coins then with fiat and it is possible they are going to pay bribes in the future with bitcoin, the currency changes but not the act in itself and that is because there are always going to be humans that are going to do everything for money.

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October 31, 2017, 08:34:50 PM
 #1178

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?

Everything has it's positive as well as negative sides. Bitcoins does used for illegal use but for corruption I had never seen it but it can be used as it can hide ones identity and it's secure as well. Government servants in my country prefers paper money than anything else. It all depends on government laws for bitcoin. Bitcoins will either lead corruption or reduce it. We will see what future brings..     
mammoniter
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October 31, 2017, 09:27:37 PM
 #1179

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, every resources or source of power can be tainted and corrupted if used negatively. I think bitcoin is not exempted for example if somehow in a certain government even if they don't legalize bitcoins and planned to convert a certain budget for a project to bitcoin and manage to hold it before releasing it for its real purpose they could have earn the interest amount in the span that they hold that coins with utmost anonymity and it would be hard for auditors to track where the money goes etc.

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October 31, 2017, 09:38:09 PM
 #1180

Since Bitcoin is an online-based coin Therefore, it is to be done through online transactions. Any person who transfers their coins online is available online, so if a person thinks of entering the meaning, especially in the situation, when the identity of the exchange will be caught in the trap.
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