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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
Jeremiesaranza
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November 23, 2017, 04:02:25 AM
 #1361

Corruption is everywhere..no I think because everyone can avail to have Bitcoin,and Bitcoin is not under governance or company..

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valying
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November 23, 2017, 04:03:47 AM
 #1362

Yeah with the feature :" anonymous" , the corruption will be hard to spot if they're using the bitcoin transaction, so somehow i think Bitcoin supports for the corruption.

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November 23, 2017, 05:10:56 PM
 #1363

it can and currently there are many cases which are related to bitcoin and has some sort of corruption involved in it
im sure there will be a way in future where all this can be tracked so that corruption wont exist in bitcoin

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November 23, 2017, 05:38:38 PM
 #1364

I do not think that corruption will exist if all the economies start using bitcoin and block chain technology as this community has the ability to eradicate corruption problems and theft by not revealing the identity of the bitcoin user's there is no chance for identity theft to ever happen in the bitcoin technology and another important feature of the bitcoin network is the duplication of bitcoins and block chain technology is not possible unlike fiat currencies in other words this technology has the ability to eradicate problems caused by corruption due to high transparency in the network and highly secure than any other modes of payments.

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November 23, 2017, 06:27:00 PM
 #1365

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 doesn't even have to be considered money to be related to or directly cause corruption. Anything with value can do this. In fact, I would argue that Bitcoin is not money (it is a commodity), and it does cause corruption. A more interesting question is does blockchain reduce the likelihood of corruption because it is generally more transparent system, but even there I would tend to doubt it. The amount of money at stake (USD, not BTC) with Bitcoin makes corruption inevitable.
vibingpositively
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November 23, 2017, 07:37:55 PM
 #1366

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?

1000% yes look no further than the forks to see this corruption. This industry as corrupt as any if not far worse and more corrupt.

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November 23, 2017, 09:06:19 PM
 #1367

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 doesn't even have to be considered money to be related to or directly cause corruption. Anything with value can do this. In fact, I would argue that Bitcoin is not money (it is a commodity), and it does cause corruption. A more interesting question is does blockchain reduce the likelihood of corruption because it is generally more transparent system, but even there I would tend to doubt it. The amount of money at stake (USD, not BTC) with Bitcoin makes corruption inevitable.
The blockchain is very transparent, I agree with that, but does it provide us with information about the wallets used for corruption / bribery purposes? Of course not, and it's really great for anyone wanting to evade tracking.
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November 23, 2017, 09:50:15 PM
 #1368

Of course it's everywhere Hackers would seek different ways to hack into addresses
CherRic
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November 23, 2017, 09:54:12 PM
 #1369

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?
the possibility of bitcoin leading to corruption is high. Corruption is always associated to money, money is to greed. Not only that, corruption may also involve corruption of time. For example, if you in your work and you are not performing your work anymore but only doing bitcoin, then you are corrupting the legal time intended for your work.
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November 23, 2017, 10:02:25 PM
 #1370

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?
the possibility of bitcoin leading to corruption is high. Corruption is always associated to money, money is to greed. Not only that, corruption may also involve corruption of time. For example, if you in your work and you are not performing your work anymore but only doing bitcoin, then you are corrupting the legal time intended for your work.
bener once that you say, because bitcoin is certainly to be made in the same money laundering the corruptors. Because the bitcoin price is always rising steadily and its value is also high that makes the corruptors interested in the bitcoin is because the price
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November 23, 2017, 10:20:04 PM
 #1371

In the ai ???rport, there is no process to check passengers of digital storage devices, email account, web disks ect. Many corruption suspects are easy to bring their BTCes escape from their own land. Huh

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November 23, 2017, 10:23:38 PM
 #1372

Nothing can win the corruption. It is about people and their minds, not about money system. Even if we will have only bitcoin as a legal currency, politics and business men will find the way to hide their corruption manipulations. But lockchain can greatly reduce corruption level and improve people's lives.
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November 23, 2017, 10:38:54 PM
 #1373

Of course it's everywhere Hackers would seek different ways to hack into addresses
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November 24, 2017, 06:29:04 AM
 #1374

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?

Even the mother of all nations have a corruption in their hearts, the thing here is that we just cant blame the blockchain technology by the actions the leads to corruption. Everything can lead to corruption, even alts and that's how the world work. If you are worried that BTC will become a big part of terrorism, crime and drugs then even if BTC dont exists this crimes will never cease to exists. It is here even before the time of Cain and abel. Questions like this is so obvious that people are blaming things for their own actions, and thats sad that humanity lost the way of viewing things that instead of fixing themselves, they are banning something that is worth using for.
I think bitcoin is a digital currency and it’s also true that its decentralized but I believe that there will be someone who is going to operate bitcoin and he know very well about use of bitcoin so I don’t think so he will allow to use bitcoin in corruption by someone because bitcoin is here to help us and it’s not going to teach us bad things.
You can expect anything to happen in this real world. Bitcoin itself is just a crypto currency. The thing is bitcoin can be used anywhere. There are likely chances that bitcoin can be used in corruption and other illegal activities. In that case, it will not be the fault of bitcoin.

In fact, it will be the owners of bitcoin will be held responsible for using it in such kind of activities. We need to use it for betterment of society.
SilverChromia
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November 24, 2017, 11:03:26 AM
 #1375

All currency that made in this world all of that can also lead to corruption because they are all currency and it depends on some people where did they wanna use it and what kind of method they will use to use those coins. Maybe one of that method is also corruption. I believe in every part of this world that there are always happening a corruption on each countries and we cannot hide that fact. also same to cryptocurrencies i think

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masterlee17
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November 24, 2017, 11:26:09 AM
 #1376

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?

Even the mother of all nations have a corruption in their hearts, the thing here is that we just cant blame the blockchain technology by the actions the leads to corruption. Everything can lead to corruption, even alts and that's how the world work. If you are worried that BTC will become a big part of terrorism, crime and drugs then even if BTC dont exists this crimes will never cease to exists. It is here even before the time of Cain and abel. Questions like this is so obvious that people are blaming things for their own actions, and thats sad that humanity lost the way of viewing things that instead of fixing themselves, they are banning something that is worth using for.
I think bitcoin is a digital currency and it’s also true that its decentralized but I believe that there will be someone who is going to operate bitcoin and he know very well about use of bitcoin so I don’t think so he will allow to use bitcoin in corruption by someone because bitcoin is here to help us and it’s not going to teach us bad things.
You can expect anything to happen in this real world. Bitcoin itself is just a crypto currency. The thing is bitcoin can be used anywhere. There are likely chances that bitcoin can be used in corruption and other illegal activities. In that case, it will not be the fault of bitcoin.

In fact, it will be the owners of bitcoin will be held responsible for using it in such kind of activities. We need to use it for betterment of society.
That is the problem there are no owners of bitcoin we do not know who the owners of bitcoins are so we could not blame anyone at all and i believe i can get higher with this i believe i can even get higher with bitcoin then normally.
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November 24, 2017, 11:34:16 AM
 #1377

Nothing can win the corruption. It is about people and their minds, not about money system. Even if we will have only bitcoin as a legal currency, politics and business men will find the way to hide their corruption manipulations. But lockchain can greatly reduce corruption level and improve people's lives.
but you know that human greed can arise because of an opportunity, when the opportunity comes, surely anyone will be tempted to commit corruption especially if the financial system supports corruption? bitcoin comes with an anonymous and decentralized system I think all corruptors will utilize bitcoin,,
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November 24, 2017, 11:36:50 AM
 #1378

Yes bitcoin can lead to corruption because if someone has more than the other and that person is already rich than people will not take that and go fight that person to steal all his bitcoins and other wealth because it is not divided fairly.
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November 24, 2017, 11:52:44 AM
 #1379

Government officials are seeking to use their money in Bitcoin because only Bitcoin can track their assets. This will be very bad because they are working for the underworld

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November 24, 2017, 11:54:41 AM
 #1380

To tell the truth, Bitcoin is one of the most effective tools in the hands of corrupt officials. If they accept bribes in the form of BTC, then it can be extremely difficult to trace the transactions back to that particular individual (especially if they put the coins in cold storage and refrain from converting them to fiat).
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