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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50880 times)
Japinat
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December 27, 2017, 07:23:46 AM
 #1581

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,
Exactly, it's not bitcoin that has to blame because it was just a tool to commit a crime like corruption, everyone has different motives or purpose in using their bitcoin and since they have the freedom they can use it based on their will.  The government should make a law to eliminate if not minimize this kind of activity using bitcoin, it will only lead to bad image of bitcoin for people who does not really understand what bitcoin is.

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December 27, 2017, 07:41:36 AM
Last edit: December 28, 2017, 01:39:56 PM by gunhell16
 #1582

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, some FIAT will be converted on bitcoin and you can do transfer to the wallet and another wallet just to make the transaction unidentified!
bitcoin is a blockchain where the transfer is undocumented like the bank, therefore, corruption here is impossible to detect and can easily be done! this is the weakness of the cryptocurrencies which is one of the most exciting parts also, to be anonymous at everything worth money!

 
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December 27, 2017, 07:55:42 AM
 #1583

Human are very creative. Anything can be lead to corruption.

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December 27, 2017, 10:05:29 AM
 #1584

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.
we all know how corruptions happening here in bitcoin community,being
decentralized posibility of having corrupt in every sides of cryptoworld..and so far
its undeniable and uncontrollable this needs a metal hand to take it down and with
a dedicated and responsible leadership.
It is more difficult to trace cash than tracing a bitcoin. I am with you in this thing that bitcoin is going to reduce corruption rate and this money laundering type thing. I don’t know why some fools are all the time trying to spoil image of bitcoin by spread rumors about it like this one that it will increase corruption. It is just a currency with a tendency to make you rich, nothing is wrong in using it at all.
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December 27, 2017, 10:10:58 AM
 #1585

Corruption is everywhere and i don't doubt about that, the thing is Blockchain technology is open for all who want to investigate bitcoin address is only only if they know who is the true owner of that bitcoin address then later on the wallet info
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December 27, 2017, 10:11:48 AM
 #1586

Anything that has to do with money can lead to corruption. Sooner or later people will find a way to corrupt bitcoin. As long as there are greedy people in this world there will always be corruption. That's the sad truth.
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December 27, 2017, 10:22:14 AM
 #1587

Well, of course - with anonymity - it's easier to make black payments, but this is true also with cash or with other forms of value.
I don't think that bitcoin could be related directly with corruption problems.

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December 28, 2017, 12:51:23 AM
 #1588

People will do everything to make more money so easy even in a wrong way like corrupting. I couldn't say yes or no because I didn't heard about corrupting in bitcoin. As far as I only scam that I always heard. Anyways, I don't think bitcoin can be lead to corruption since they don't know about bitcoin they are only read about bitcoin but don't know it is true.

However because of the high price value of bitcoin maybe someday people will use it in bad ways it could lead corruption.
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December 28, 2017, 02:32:14 AM
 #1589

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?
It can lead to corruption since the power of bitcoin nowadays is very strong wherein if the strength of it is abused, corruption will surely take place. We should also be careful always on spreading bitcoin knowledge so that we can avoid the misuse and greedy persons in it. Bitcoin should be used in proper and should not be corrupted so that trouble won't occur anymore.

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December 28, 2017, 03:48:02 AM
 #1590

Bitcoin doesn't lead to corruption. People and their greed leads to corruption. Doesn't really matter which currency they use, whether it's bananas, camels, USD or Bitcoins.

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December 28, 2017, 03:59:09 AM
 #1591

Anything that has to do with money can lead to corruption. Sooner or later people will find a way to corrupt bitcoin. As long as there are greedy people in this world there will always be corruption. That's the sad truth.
Thats not true, actually bitcoin will reduce corruption because all transactions are recorded, all people can supervise country's money. We will always know where the money send, there is no anonimity in this case because the owner of the wallet must be announced in the first time.
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December 28, 2017, 04:18:39 AM
 #1592

maybe bitcoin blocked in some country because of this? the corruptor use bitcoin as their media for receive or send that dirty money, as we know that if in bitcoin we dont know who is the owner of that address and its not trackable, it can but it will useless if somebody track the transactions 

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December 28, 2017, 09:20:39 PM
 #1593

Bitcoin can actually be a solution to the problem of corruption in various worlds because bitcoin provides a transparency system for all transaction activity. However, if you want to realize bitcoin as a solution it is necessary for cooperation between bitcoin developers with the government of a country so that transactions of government officials can be monitored by the agency that monitors the state finances.
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December 28, 2017, 09:27:44 PM
 #1594

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 fact that Bitcoin it has been made by the most noble ideas it doesn't mean that the power of it can't corrupt people, so yes, Bitcoin can corrupt a person or system.
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December 28, 2017, 09:32:07 PM
 #1595

Cannot be. Because blockchain technology is immutable and totally decentralized. No one can control and change what is recorded on blockchain technology. So it can never lead to corruption. But it can be a storekeeper of money for those corrupt individuals.
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December 29, 2017, 01:49:10 AM
 #1596

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 fact that Bitcoin it has been made by the most noble ideas it doesn't mean that the power of it can't corrupt people, so yes, Bitcoin can corrupt a person or system.

I believe bitcoin can also be corrupted especially that it is not being protected by legal terms. There are people without conscience you will do everything just to and take all the opportunity just get into illegal acts and it is uncontrollable.

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December 31, 2017, 03:08:16 AM
 #1597

I think bitcoin only can cover the corruption with it's anonymous not lead to the corruption. Corruption is exist long time ago when Bitcoin wasn't born yet.

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December 31, 2017, 03:34:04 AM
 #1598

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 Bitcoin solves corruption problems rather than leading to corruption because before you make any transaction with bitcoin it must be confirm by the network which involves other users. That will serve as checks and balances.

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December 31, 2017, 03:56:57 AM
 #1599

Yes i think bitcoin can lead to corruption. As you said bitcoin is money and as long as there are greedy people who only wants money for them to have better lives,there will always be corruption. There will always be chances that someone will do anything in order for them to satisfy their cravings, especially if it involves money.

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December 31, 2017, 04:23:19 AM
 #1600

once a corrupt person always finds a way to corrupt in any way real money or in bitcoins.... using bitcoins for bribe is easy because it is anonymous transactions...
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