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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
MIZANUR5033
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December 15, 2017, 03:18:25 PM
 #1461

Generally, bitcoin uses at online marketplace.  We can not blame about anything if we use that roughly. Till now bitcoin is very popular and honest system by the choice of people. 
Very few people knows about bitcoin but one day will come when many people will know about it and will use for hiding their black money. Many politicians’s of every country are so much corrupted and they can use that for their benefit because no one can get their acquaintance. Bitcoin is just a tool for payment and can be tool for corruption if people start rough use of it.
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December 15, 2017, 07:07:11 PM
 #1462

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
I’m always telling to every one before going to join bitcoin make sure first study bitcoin that what is bitcoin and why its hear how to use and how it work if you study bitcoin in detail then I hope everyone will understand that why bitcoin is here it actually here to help us and it’s a good source of income which is helping people around the world it’s not here to use it for corruption or for any bad things so I will request to everyone don’t miss use bitcoin.

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cryptoindustries
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December 15, 2017, 10:07:55 PM
 #1463

There is a strong chance about this matter because anonymity is also a strong point of crypto currency and some altcoins are untraceable so they can take advantage of the current technology to their dark schemes to do their bad deeds like corruptions and other things related to abusing the blockchain technology, no matter how good bitcoin is its the matter of how are you gonna use it and your intentions..
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December 15, 2017, 10:34:02 PM
 #1464

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?

can be explained bitcoin anti-corruption laws
now bitcoin not yet in the regulation, even if for example already in regulation, can be explained about bitcoin corruption chapter
The corruption law reaches all, there is no corruption chapter home, land, dollars, dollars, gold etc. it
The corruption and money laundring laws bind to all of its no special articles
mobilestrike
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December 15, 2017, 10:40:35 PM
 #1465

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
That is a right point. I am also of the view that i depends on the mentality of the people who are using bitcoin. If they are criminals then definitely they will do crimes with whatever the currency they have. In that case we do not have to blame on bitcoin or any other currency. By the way with the coming of bitcoin I do not think that many people will now do crimes for earning money because earning with bitcoin is now much easy.
poisonivy77
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December 15, 2017, 11:21:09 PM
 #1466

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?

corruption is everywhere so you could expect nothing less in here. there are always people who would try to keep money from themselves though we are talking about online money here. once the government takes in place and produce more fiat out of bitcoin that surely is a form of corruption.

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December 16, 2017, 10:56:14 AM
 #1467

Obviously. We can see corruption everywhere like you have mentioned. There are some people who are always in need of easy money so chances are there that they will come up with their evil ideas to exploit it.
Obviously. Today anyone can be corrupted with an object of value, look well to what users are going through in the last days. Several exchanges were closed (they simply disappeared and they did not leave a single note), ICOS almost in their end disappeared of the map taking many investors to have a very great prejudice.

And now we have a new fever on the internet that is setting up mining companies in the cloud (you buy mining power and it mines some random currency of your choice), you invest in them, and two months later they go out with your money. In this sea of corrupt people and always good to be alert, research and reading are the main tools to not fall into scams like this.
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December 16, 2017, 12:03:07 PM
 #1468

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.


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December 16, 2017, 02:21:05 PM
 #1469

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.


When there is a strong implementation of the law, the authorities will be able to combat illegal activities with the use of bitcoin.
That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions.
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December 16, 2017, 04:13:18 PM
 #1470

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.


When there is a strong implementation of the law, the authorities will be able to combat illegal activities with the use of bitcoin.
That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions.
[/quote]
bitcoin can make everyone's future best and they can save their family's future, the biggest cause of corruption is poverty and unemployment and bitcoin can solve every person's many problems which they face in this world, yes some those person who are very greedy in this world and they can any thing for future, so government can them punish by their low. 

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December 16, 2017, 04:44:57 PM
 #1471

I do not think that bitcoin causes corruption, but a corrupt government or organization can do money laundering against bitcoin. By doing money laundering against bitcoin it will not be detected who the owner of the bitcoin. I think bitcoin is not legal in that country because it will pave the way for corruptors to commit their crimes.
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December 16, 2017, 04:49:45 PM
 #1472

i dont think that it has a corruption, if theres a corruption in bitcoin why it is still continue and the dev and other didn't split? why it is always linkining in some question that is impossible to happen, bitcoin maybe can use by our child to continue what we start in bitcoin i hope when the time come tge value of bitcoin is very so nothing to worry avout the future of my children
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December 16, 2017, 05:19:43 PM
 #1473

I think so since bitcoin is decentralized and you can have your transaction in the blockchain completely anonymous so anyone can do illicit activities without being get caught by authority.

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December 16, 2017, 06:19:21 PM
 #1474

Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula.

As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.

Haha,well said man, specially the lack of regulation part kinda haunts me when I think about bitcoins,because it kinda makes you become more and more skeptical about it
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December 16, 2017, 07:36:32 PM
 #1475

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.


When there is a strong implementation of the law, the authorities will be able to combat illegal activities with the use of bitcoin.
That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions.
Sure if bitcoin will be legal then there must be some laws for bitcoin use and then people will at least think twice before they use bitcoin for some illegal tasking. So I respect your thinking and I am agree with  you that bitcoin should be legal now it has been so long that bitcoin is being sue by people and even now it is not famous in several countries so if it will be legal then people will sue bitcoin for noble deeds only.

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December 16, 2017, 08:26:20 PM
 #1476

Bitcoin is very wide open for the corruptors because the virtual wallet bitcoin is anonymous so do not know who the owner of a bitcoin wallet, but if for the prevention of corruption may bitcoin will be very useful because bitcoin provides transparency of all transactions conducted.

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December 17, 2017, 03:42:11 AM
 #1477

bitcoin online currency can basically be used for various transactions. for example for legal transactions like at wordpress.com, virgin galatic airways, and various social donations such as wikileaks. on the other hand, this digital currency can be used for the greater illegality of the international portion. illegal acts include money laundering, gambling, druges, and even demonstrations.
but do not be ruled out if in various countries also happened money laundering with bitcoin. if anyone does this crime, the police will be very difficult to handle. unless they work with bitcoin or exchanger users who understand the concept of bitcoin.
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December 17, 2017, 03:57:43 AM
 #1478

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, corruption can happen anywhere else with this currency
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December 17, 2017, 04:13:17 AM
 #1479

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 has been a wide source of income of almost everyone in the world right now. The occurence of corruption within it is possible knowing that the system of it is not that hard to be abused. If ever the power of bitcoin will be abused, the chances that corruption will occur will increase more. Bitcoin is a very popular cryptocurrency and it is not too far from being corrupted by those greedy people.

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December 17, 2017, 04:13:50 AM
 #1480

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, corruption can happen anywhere else with this currency

How will the digital currency lead to corruption since it is a decentralized crypto currency? Corruption is all about the government people who are trying to steal and corrupt the people and money. I think rather than corruption, the serious crimes that might be committed in using bitcoin is money laundering, which I think that other criminals have done now, and the terrorist transactions.

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