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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
Fiverrs
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December 23, 2017, 12:08:36 PM
 #1561

Bitcoin can be helpful in corruption the same or even less than fiat currency. Let's not forget that Bitcoin is not completely anonymous. Example - Ross Ulbricht (Silkroad).
Fiat currency will always be better for criminal activity.
I am not agreeing because I don’t think that bitcoin will lead to corruption. Main reason for it is bitcoin is digital currency now something like a person cannot have bitcoin physically at all, and most of people are not even aware of bitcoin so it is hard but if it will be use for it even then we cannot blame bitcoin because bitcoin will not will not be responsible for it people can use anything to achieve their goal.
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December 23, 2017, 12:49:28 PM
 #1562

I believe that everything in this world can lead to corruption. Any invention of man can be corrupted if man wants it. The best thing with bitcoin is that system is all transaction with been recorded publicly and available in black chain. That's make it a bit less prone to corruption but still can be.

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cryptojaani
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December 23, 2017, 12:58:59 PM
 #1563

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 a powerful cryptocurrency and anyone who will abuse the power of it will be considered to be corrupt. It can lead to corruption anytime specially right now that the value of it has been rising a lot ever since. The corruption here should be avoided because it may lead to negative outcomes for each and everybody. We should use bitcoin in proper and avoid abusing the power it has so that there would be no trouble.
No, I didn't agree because I think yes it is very much will be used for this that's why it is also prohibited in many countries like me and is iillegal. Actually it will ultimately depend on the user. Anyone can use it for good, while others may use it for illegal means. Since Bitcoin is not traceable, people may think of using it for illegal activity since they may get away with it.
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December 23, 2017, 02:36:58 PM
 #1564

of course, the government wants to control people, because that's the only way to control the masses, so they will never take bitcoins in this form
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December 23, 2017, 02:46:12 PM
 #1565

If we talk about the possibility of tightening corruption and Bitcoin simultaneously, then I want to say one word. If there is a problem with corruption in the country, Bitcoin is given a chance. With impunity, pay off or keep it obtained by illegal means. No more action from Bitcoin. Impossible. And if there is no corruption, Bitcoin will also be clean. So you must first fight corruption, not with crypto currency.
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December 23, 2017, 02:57:40 PM
 #1566

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?
If too much consumption and getting engage into bitcoin, for me, it is a possible yes for an answer. We all do know that too much can lead to bad effects and same thing can be applied in using bitcoin especially now that it provides more benefits to people who have already been using bitcoin since then due to the rising of bitcoin's price in the market, it attracts more people to start engaging with it. As the population of bitcoin users rises, competition is starting to grow and that is how greediness start to grow up in their hearts making corruption come into action because of not being contented. Not just corruption can be bring up with this. Also other types of crimes involving money can also arise with this.

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December 23, 2017, 04:49:12 PM
 #1567

Because of its anonymity. Corrupt officials can use Bitcoin as store of their money. So that it cannot be traced by anyone. They can steal money from the people and just convert it into Bitcoin. Then that's it. Money are unidentifiable once it converted to Bitcoin.

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December 24, 2017, 03:45:40 PM
 #1568

Characteristic of corruptors is trying to save money as safe as possible, before they save in foreign banks or do money laundering. but I'm not sure the corruptors want to save money to bitcoin because they understand there's a risk if the bitcoin price drops.
I'm very sure that corrupt people are going to being to use bitcoin in order to store their ill gains, think about it no on can take your bitcoin if they do not have your private key, they can hide their dirty money and no one will be able to ever get it.
It is hard and this is because of bitcoin safe usage it is not able to trace bitcoin sender and receiver so they are using bitcoin now. We can’t say bitcoin is the reason for all kind of corruption I mean some people use money and drugs as well. It all is happening now but we cannot blame bitcoin for it, apart from it bitcoin is being use for positive activities as well we are bitcoin users and I honestly did not found any negative use of bitcoin but maybe some people do.

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December 24, 2017, 04:30:42 PM
 #1569

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 why not. Bitcoin is also a currency and you can buy any stuff with it or what you want to buy.. And also,Corruption comes when something is easy to store and without any limits. Moreover bitcoin is easy to save, so people can store black money on online accounts without any identification or personification, that is a corruption!! Likewise I do believe many kinds of corruption can happen in the world of bitcoin even in other internet job ..
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December 24, 2017, 04:50:55 PM
 #1570

I think not, even though bitcoin prices continue to rise but it will not be able to make the corruptors believe and want to put their money into bitcoin, surely they prefer saving in a more secure and secure foreign banks.
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December 24, 2017, 05:11:55 PM
 #1571

It’s not Bitcoin which will lead into corruption but the people who uses it. Let’s say for instance, a knife, its main purpose is good coz it is used mainly for cutting ingredients for cooking. But if you stab someone with it, then that’s bad. But then don’t blame the knife, but the person who used it to stab someone. Right?

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December 24, 2017, 05:12:54 PM
 #1572

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 can also happen to bitcoin since the value it has is very expensive. It can occur anytime that's why we should analyze first the people we are sharing bitcoin with. If we are going to be careless on sharing our ideas, corruption will surely reign since the number of greedy people here is increasing. It is very important that we use bitcoin with discipline so that it will keep on reigning as the strongest cryptocurrency existing.
No it’s not true bitcoin is not going to lead any corruption but if some is going so it’s very shameful because bitcoin is here is to help us and if we study bitcoin so it teach good things not bad things because bitcoin is very good for its users its actually helping to humanity so bitcoin is a very straight forward currency no need to disgrace bitcoin with bad things and I think bitcoin must find some other way to fix this problem.

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December 24, 2017, 05:50:44 PM
 #1573

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?

At somehow point I think yes, because we all know how bitcoin are famous today. Many people actually wants to earn thru bitcoin and others make some way just to earn it. They intend to do everything for bitcoin. Eventhough those people that are very greedy on bitcoin. Their gredyness somehow will lead them to corruption.

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December 24, 2017, 05:51:53 PM
 #1574

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 can also happen to bitcoin since the value it has is very expensive. It can occur anytime that's why we should analyze first the people we are sharing bitcoin with. If we are going to be careless on sharing our ideas, corruption will surely reign since the number of greedy people here is increasing. It is very important that we use bitcoin with discipline so that it will keep on reigning as the strongest cryptocurrency existing.
No it’s not true bitcoin is not going to lead any corruption but if some is going so it’s very shameful because bitcoin is here is to help us and if we study bitcoin so it teach good things not bad things because bitcoin is very good for its users its actually helping to humanity so bitcoin is a very straight forward currency no need to disgrace bitcoin with bad things and I think bitcoin must find some other way to fix this problem.
Bitcoin is very helpful for those who want their life comfortable and specially for those who have no job, so bitcoin is the one way to end world poverty and also bitcoin will end world corruption because poverty is the root of corruption, poor people cannot provide home, food, education and cloths  for their children and they are in big trouble, so bitcoin can everything solve and every person who joined this forum they can help poor people and jobless people.

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December 24, 2017, 05:53:49 PM
 #1575

yes sometimes it may lead to corruption
Yes being decentralized it can cause it and most if the people who are high profile and most of the government officers and politicians also use it for that purpose. Not from a specific country but all around the world it can be used as bitcoin can cause corruption, why am I surprised with this that can lead to money laundering but this is in my opinion bitcoin bitcoin will not cause corruption.
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December 24, 2017, 05:55:08 PM
 #1576

A few days back, I read a thread where someone was accusing Bitcoin of facilitating drug trade. And now it is claimed that Bitcoin facilitates corruption. When will you guys understand that Bitcoin is just a payment medium?



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December 24, 2017, 06:06:53 PM
 #1577

No, Bitcoin can not lead to corruption. It actually increases but in individual personal wallets. Getting assess to your password will be the only means to enhance corruption.Also if there is a manager of your wallet who knows your pass word and can easily log into your account, it is only then that such person will be able to have assess to your wallet  and be able to steal your bitcoin. And that is the only thing that can lead to corruption.
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December 27, 2017, 02:00:59 AM
 #1578

Corruption in bitcoin works like the corruption in fiat. For example, politician will receive a payment in bitcoin or from any anonymous coin then erase their tracks. Meaning, anything that involves cash/money is always susceptible to corruption.
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December 27, 2017, 02:10:15 AM
 #1579

Corruption will come with any form of value and attempts at obtaining it in my opinion
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December 27, 2017, 03:46:53 AM
 #1580

Any transaction involves with money has tendency corruption abides, Money are the root cause of evil, In this world, there are few people who adapted to do anything just to survive, and im sure all this things happen because of money,
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