Can Bitcoin also lead to corruption ?

[aleksabat]

Yeah it can. In the form of hidden payments i think. So you can get a kickback from anyone in the world and no one can define both of you. Isn't it a perfect way of corruption?

[speem28]

I think the right question for this is "Can people start corruption on Bitcoin?". Bitcoin is just a Bitcoin. It is up to us how we'll use it. This will define if Bitcoin will lead to corruption or not.

Yes, that's what I'm pointing out. Bitcoin is Bitcoin and we can't blame it for the corruption that is happening everywhere, but due to its great features, many people are taking advantage of it and using bitcoin as a way to do hidden transactions or hiding their laundered money so that it can't be traced easily by the government because it is decentralized.

[camelson]

I think the right question for this is "Can people start corruption on Bitcoin?". Bitcoin is just a Bitcoin. It is up to us how we'll use it. This will define if Bitcoin will lead to corruption or not.

Yes, that's what I'm pointing out. Bitcoin is Bitcoin and we can't blame it for the corruption that is happening everywhere, but due to its great features, many people are taking advantage of it and using bitcoin as a way to do hidden transactions or hiding their laundered money so that it can't be traced easily by the government because it is decentralized.

Right and i think this could be considered as a draw back of bitcoin because money laundering is happening every day and bitcoin is the safest way to do so. As far as corruption is concerned i think there is no corruption in bitcoin, people are using bitcoin for hiding black money.

[Cosbycoin]

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. I believe that what it ever it is as long as it has a high value, people tend to want to acquire all of it or at least many. Greed is in the nature of man I guess. So, that leads to corruption of bitcoin, of course.

Yes you are right. When people get to know about the value of this highly famous currency then they obviously dream about having all of it in a matter of few seconds. This is the nature of human beings and it could not be changed in any way.

So to fulfill their dreams they use many methods involving those that are regarded as corruption. The value of Bitcoin in international index has risen to a remarkable value and is being expected to increase more in the upcoming year.

[Ashutosh_Tiwari]

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 ofcourse it will lead us to corruption because the payment history is cannot be searched by other secure agencies which leads crypto coins to a black market industry to use them for their payments which can be in millions and their is not any other thing for  security checking where the payment is done and for which purpose.

[Wyne]

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?

We should accept the reality that corruption is everywhere.  So, the possibility to use bitcoin in corruption is also given. Especially the greed people who will always looking to earn money even in a bad way.  They maybe use bitcoin in money laundering.  But I do not believe that bitcoin can lead to corruption.  The bitcoin will not allowed that to happen.

[MonaLeeTracy]

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?

Bitcoin is set of computer codes that allows peer-to-peer payment. It has no concept of corruption. Corruption is done by human beings behaving without morals - basically the criminal riff-raff types.

if bitcoin is used for corruption, in my opinion it's all very difficult. because the bitcoin system works and earn income from the project. so it is very difficult for people of corruption.

[drachman]

It can also happen if its leaders are starting to get corrupt

Politicians have always being corrupt if they were not then they will not be politicians in the first place that is why politicians in every single country of the world have a very bad reputation and it is not surprising since they are always looking for ways to benefit themselves.

[bucker steemit]

of course, bitcoin is their field to launder their corrupt money, here are many opportunities but that need to be noticed bitcoin has a weak side everyone can use without being traced at all, this is what makes bitcoin banned in some countries.

[cheann20]

Some other people say bitcoin is lead to curraption, but they dont now about bitcoin. For me bitcoin is the one who help me to be repsonsible, he gave me an apportunities to help to my family, big thanks to bitcoin, this is not to lead a corruption

[Finestream]

Some other people say bitcoin is lead to curraption, but they dont now about bitcoin. For me bitcoin is the one who help me to be repsonsible, he gave me an apportunities to help to my family, big thanks to bitcoin, this is not to lead a corruption

Bitcoin can be use for both legal and illegal activities so it can also use for corruption but it will not lead corruption.
People should realize what is bitcoin and it's usefulness to the people, it's just a simple tool where we can use for online transaction and still it's the initiator who will decide on how he will use his bitcoin, and like I said, it can be in any purpose.

[fredo123]

Yes because it people involved in bitcoin business remain anonymous and since everybody are anonymous authorities will hardly trace people involved in crime and other illegal activities like money laundering tax evasion and etc, That is why some country banned the use of btc. 
 

[Maragan13]

Positive differences in bitcoin occur so we need to be careful about what we do, so we must first study the different ways and follow the bitcoin rules.

[Shendy23]

It doesn't mean that Bitcoin also lead to corruption. But, yes it could be use for dishonest or fraudulent activities such as corruption. Bitcoin has a value that is widely use as a money that is not regulated. Using Bitcoin in illegal activities could really be a good way because money transaction could not be track unlike the fiat. This means that is not just useful in corruption but all kind of illegal activities even Money Laundering. This is the bad side of it, but ofcourse! it is still up to the user how they will use the Bitcoin. Because even a regulated money could be use in illegal activities how much more for this currency.

[falafelnut]

I think yes. I think while money exist in any form (fiat, electronic, crypto) there will be corruption.
And with BTC corruption can be more hidden, definately.

[Allura74]

of course, bitcoin is their field to launder their corrupt money, here are many opportunities but that need to be noticed bitcoin has a weak side everyone can use without being traced at all, this is what makes bitcoin banned in some countries.

Yes there is a big possibility that a bitcoin can be used for corruption because corruption is everywhere. Bitcoin as a virtual currency and a decentralized system
makes it vulnerable to corruption. For example to make this sense! i corrupt a huge money in a government or in a company where i have work then i don't want to have a trace because it will contradict against my assets and liability, so what will i am going to do is to invest it all with the bitcoins. Then it is already hard to trace since i was transacted it in a decentralized system and it is already considered as anonymous transaction.

[acener]

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 believe so. I mean if money itself, even the lowest currency can lead to corruption what more in bitcoin which has a really high value. So, there is no reason for a person to neglect or refuse on having bitcoin, they want more of it though.

[Biglistener]

I do not think that it can lead to corruption because it is just your own money and you should just do whatever you want to do with it and i would suggest to just do what you want i hear from people if i keep my bitcoins am i greedy then no your money your life do what you want with it.

[btcjocan]

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 believe so. I mean if money itself, even the lowest currency can lead to corruption what more in bitcoin which has a really high value. So, there is no reason for a person to neglect or refuse on having bitcoin, they want more of it though.

It is also possible because bitcoin is just the same as fiat money. It will drive people crazy if they will lose it so some people also take an advantage through it and use it for bad purpose such as controlling people by promising them that they will give such amount of bitcoin to them. And we all know that people can easily be manipulated through money and it could also lead to corruption because the more the rate of bitcoin will rise, the more the interest of the people in bitcoin will also increase.

[Sidiq SP]

how do I know how bitcoin each member has, and protected if seama stored in the VIP, the possibility to take away from belonging to others is difficult, corruption here, maybe it could happen in the real world, keep the money from corruption in buy bitcoin , if such a possibility could still happen