Can Bitcoin also lead to corruption ?

[Slark]

Many people is mentioning BTC as illegal not because of their narrow minds, but for fear and half knowledge about it. Many countries have mentioned using it illegal but no rules are their still, and USD/fiat is used more for illegal activities because its a world currency and BTC is yet not been common for the casual peoples. But yes definitely I agree, Bitcoin can not lead to corruption, its the use of Bitcoin which can lead to corruption.

Calling bitcoin illegal is totally stupid approach, as you said only narrow minded cryptocurrency newbies can say it.
Don't be mistaken anti-bitcoin countries are not trying to help their citizens and save them from influence of evil bitcoin.
They are worried that with new age of bitcoin powered economy they wouldn't be able to collect taxes. That's all.

[NEWGOODOUBLE]

That's why governments are reluctant to introduce bitcoin to their communities Because bitcoin is decentralized  can not be controlled. Let alone anonymous makes people invisible in bitcoin And it helps the corruptors later on

[CryptoCopper]

corruption is like mafia - never dies 

[21kevin21]

That's why governments are reluctant to introduce bitcoin to their communities Because bitcoin is decentralized  can not be controlled. Let alone anonymous makes people invisible in bitcoin And it helps the corruptors later on

Yes, it helps them to carry out corruption with the help of bitcoins, thereby developing both the currency and corruption.

[jovs]

I think bitcoin can be used as the instrument for corruption. Today bitcoin stays not so known and not so many people knoe about it. But in nearly future when bitcoin will be spreaded on our daily life and more people will talk about it politicians or businessmen can start to use bitcoin for their financial operations. The main factor here is that with bitcoin you can hide your indentity and such corruption money making can have place to be very often.

Yes definitely bitcoin can be an instrument to start a corruption. We all know that bitcoin is a crypto currency where the identity of transaction and the thing you will transact is private between the person will do the transaction so it may be used on gambling,money laundering and hidden money of the government where they hold money to earn. And if the government will have the power to manipulate bitcoin it may sure lead to corruption because of too much power and money.

[hajimasan]

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?

You are right but you need just think k throughly about this matter .
Just think that I am a corrupted person and I want to make corruption more and more , can you tell me that how I can make the same , definitely you have no word for me .
Just think if you want make buy bitcoin then you need to pay through the bank to bank Fiat which is fully open for the government and in that case you need to pay tax and also the person who will receive in bulk needed to pay tax , so this is a platform which increases the destroy the corruption in the money .
In the bitcoin everything is open and anyone can see transaction of the other , so bitcoin playing a role to destroy the black money also .

[tabas]

That's why governments are reluctant to introduce bitcoin to their communities Because bitcoin is decentralized  can not be controlled. Let alone anonymous makes people invisible in bitcoin And it helps the corruptors later on

And once the people will start to recognize bitcoin, many corrupt people will start to have a shady thinking about using bitcoin for corruption. It is why they don't want to let people know that there is a thing called "bitcoin". It is one of the reason that they are aware of and they don't want to let people go deeper with it.

[allthingsluxury]

If you have been around, following the Bitcoin market as long as I have, then you will know that Bitcoin has been involved in many cases of corruption. Does this make Bitcoin itself corrupt although? Of course not, people are corrupt, not Bitcoin itself.

[Lady Coquet]

Well in my personal point of view it may, it may not. why is that ? Because if a certain rules has been change same goes with the procedure the way of the single member recieve there benefit from bitcoin changes and an explained situation that turn out to be a losses from any individual member then definitely the change of rules and procedure has lead to corruption already.

[raven7886]

The only way to avoid corruption around bitcoin would each companie and governments expose their bitcoin accounts, soo all would know what the country is paying and the ammount, something that we dont know at all, since they keep this numbers hidden.

To my point of view I don’t see it happening. I am not sure whether any company or any government in past have allowed general public for such evaluation. Like any other individual who will not like it to let know anyone about his or her figure of bitcoin the person is holding.  Secondly for government it’s not only a wealth issue. It counts many more things for a government to show the number of coins that it holds.

[Seansky]

Bitcoin can also lead to corruption and can be linked to corruption after all corruption happens because of money and bitcoin is a form of money, a crypto currency so there is still corruption in bitcoin but it is hidden like how one commits corruptions because of a fiat currency. It is impossible for bitcoin, a currency to be corruption free.

[Kevin77]

Bitcoin can also lead to corruption and can be linked to corruption after all corruption happens because of money and bitcoin is a form of money, a crypto currency so there is still corruption in bitcoin but it is hidden like how one commits corruptions because of a fiat currency. It is impossible for bitcoin, a currency to be corruption free.

You are talking like there is no corruption in world countries and bitcoin will help people to bring corruptions. The evil sides of people will always tend to misuse any new technological advancements. This is again happening with the introductions of bitcoin and corruptions and support from new inventions are not new due to bitcoins ecosystem.

[blackhawkeye1912]

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 not design to lead the people to do some corruption in any aspect of illegal activities. Only the people who are so greed and had some bad intention to used bitcoin as an instrument to their evil deeds. Although bitcoin is very open source whether we use it for bad and good purposes.

[Cherylstar86]

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 not design to lead the people to do some corruption in any aspect of illegal activities. Only the people who are so greed and had some bad intention to used bitcoin as an instrument to their evil deeds. Although bitcoin is very open source whether we use it for bad and good purposes.

Yes I do believe on what you think is right but when a person has his own will to do in freedom out of his decisions, it's possible for him to do evilous activity leading to bitcoin corruption. How much more in digital currency bitcoin is very untransparrent compared with fiat money currency, it can really be use for corruption like underground money rewards for those illegal money from corrupt government personnels having hidden agendas for their transactions. Bitcoin in reality is really prone to that matter and I don't limit my thinking behind this probability.

[Pattart]

Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react

Both are different things, bitcoin is the currency and corruption is illegal activity. But we do not rule out that bitcoin is used by corruptors. They are abusing bitcoin

[radjie]

This possibility can also happen, because humans have an insatiable nature, therefore it may be cheating someone through false investments so investors are attracted by the award given, but they cheat after entering many investors to join them to take their money or refund the money is not In agreement.

[X-ray]

Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react

Both are different things, bitcoin is the currency and corruption is illegal activity. But we do not rule out that bitcoin is used by corruptors. They are abusing bitcoin

We are discussed about the possibility the advantage of bitcoin will be supporting the illegal activity such as corruption. As you can see bitcoin is pseudonymous and some people have said if that has a chance to be used for illegal activity like corruption. It can't be traceable by the legal financial institution.

[Idrisu]

Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react

Both are different things, bitcoin is the currency and corruption is illegal activity. But we do not rule out that bitcoin is used by corruptors. They are abusing bitcoin

We are discussed about the possibility the advantage of bitcoin will be supporting the illegal activity such as corruption. As you can see bitcoin is pseudonymous and some people have said if that has a chance to be used for illegal activity like corruption. It can't be traceable by the legal financial institution.

though bitcoin is pseudonyms, corruption on other side is a moral issues. Corruption is not just in money but also on justice, peace and equity. Can bitcoin eradicate corruptions? I think the answer will be no to every one that has the knowledge on how bitcoin work will attested to the fact that the idea behind bitcoin is not to fight corruption or corrupted people but to create a decentralized crypto currencies!

[hase0278]

Bitcoin can also lead to corruption in fact it can enhance it. For example some rich whales bribing politicians which politicians can accept readily because they are anonymous using bitcoin even if a transaction happened. Bitcoin brought the perfect formula for corruption I think because anonymity+hard to trace transactions sometimes+an intent for corruption can be equal to an enhanced corruption.

[BeGoods]

Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react

Both are different things but bitcoin can help in the process of corruption someone. How does not bitcoin have the facility not to be seen from anyone ie anonymous