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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
selen
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December 31, 2017, 04:21:15 PM
 #1601

bitcoin itself can not lead to a corruption i think. some may use btc in the corruption schemes as any other fiat money or assets, but at least one thing is out from corruption world - you can not print btc on your wish
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December 31, 2017, 04:34:18 PM
 #1602

Bitcoin not only leads to corruption but it fosters it. Since bitcoin assures you anonymity all you have to do is loot public funds, and buy bitcoins with it. There would be 98% assurance that you’re never going to be caught.
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January 01, 2018, 01:10:45 AM
 #1603

Yes! Bitcoin also lead to corruption. I am referring to those bounty manager or dev. in a project. Were in it happens to me lately, I participate and do my job as a participant in a project but the dev. didn't pay us. So, in my mind dev.  benefits on us. He earns by himself. What a greedy man.
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January 01, 2018, 07:02:41 AM
 #1604

Every single one of those existed before bitcoin and they will exist after it. If bitcoin made being corrupted easier, so what? Internet also made so many crimes possible. People even can hire hitman from the internet.Bitcoin favors anonymity it is quite easy for people that are not ethical to slip into corrupted or at least non legal practices.
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January 01, 2018, 07:34:07 AM
 #1605

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 and altcoin increase this is true because many countries are beginning to see such things as they have decided to introduce laws banning bitcoin and altcoin to limit corruption in their countries.

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January 01, 2018, 09:27:49 AM
 #1606

In this world everyone is in dire need of money. They make money in different ways. There are people who work, do business, or who in an instant but are very sinful like stealing or corruption. Bitcoin is money, I think the upcoming bitcoin advancement will have corruptors there to earn money and satisfy themselves through an instant road.
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January 01, 2018, 09:35:38 AM
 #1607

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...

They can't just use bitcoin to bribe also they can use it to corruption and as well as money laundering. Governments are warning us that not only good citizens are into bitcoin now but as well as those people that are getting themselves involved to such crimes such which I mentioned.

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January 01, 2018, 01:17:41 PM
 #1608

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 is possible that bitcoin could lead into corruption but it solely depends on the person who uses it. If he uses it for personal gain and satisfaction then corruption  begins.also sometimes if the government is involved there will always be a corruption.

Grodins
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January 01, 2018, 02:44:50 PM
 #1609

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?

correction must happen’s in every things and bitcoin also must have some correction.

after 3 correction bitcoin have about 13,000$ and very expensive coin
drachman
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January 02, 2018, 11:51:00 PM
 #1610

As you have stated, greediness leads to corruption, it chooses no platform may be it bitcoin nor fiat money these people will find ways. With bitcoin it features anonymity wherein people take advantage of. These corruptions are already existing it's inevitable especially there are yet no laws taking hold of the cryptoworld.
Greediness do not leads to corruption, people can be very greedy and still not commit any kind of crime to get money, those that are corrupt and do bad stuff are criminals atheart and they just use greed as a way to justify their acts, so do not fall for it, that is just an excuse.

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January 03, 2018, 12:01:16 AM
 #1611

In terms of government even this bitcoin they can corrupt for there personal purposes so that it is possible that the government can use bitcoin and also lead for the corruption we all know how government manipulate people and money so that was possible.

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January 03, 2018, 12:03:09 AM
 #1612

I do not think bitcoin can make people corrupt because initially they invested using their own money, but what is feared by some governments that prohibit bitcoin in the country is if bitcoin used as a container to store the results of corruption
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January 03, 2018, 12:13:46 AM
 #1613

i think if some people do Mining for BTC.
it wont lead to  corruption.
but i think it will trigger some government to ban cryptocurrency.

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January 03, 2018, 12:16:59 AM
 #1614

Anything of value can lead to corruption! Of course, with anonymity bitcoin offers some advantages, but so is it for cash, diamond, gold,...you name it.
So, don't blame bitcoin!

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January 03, 2018, 12:27:23 AM
 #1615

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...

Indeed and corrupt people will become more corrupt because bitcoin transaction is anonymous and decentralized. On top of that, bitcoin can be a perfect tool for criminals to commit crimes.

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January 03, 2018, 12:31:14 AM
 #1616

Anything of value can lead to corruption! Of course, with anonymity bitcoin offers some advantages, but so is it for cash, diamond, gold,...you name it.
So, don't blame bitcoin!
but to track it is not too difficult. to be able to detect a corruptor because of one of the benefits of the blockchain system. if the corruptor thinks the bitcoin is an escape it is an error

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January 03, 2018, 12:44:05 AM
 #1617

Stealing the bitcoin of the account of a person is a form of corruption since corruption is in a form of stealing the possession of not his/hers.
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January 03, 2018, 12:57:07 AM
 #1618

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 depends. As of now bitcoin cannot lead into corruption because bitcoin has not been taxed. If the government insert a tax on bitcoin I think that's the start of a corruption in bitcoin. But there are still good people that wants to use the money of people in good ways but there are also people out there that uses the money of people on just their own.

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January 03, 2018, 01:49:34 AM
 #1619

Yes, It can be used in corruption. Its anonimity can be results to use for corruption.. Everything that has a value like money and bitcoin can be used in corruption, but if our goverment can regulate bitcoin, it can prevent to corruption.

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January 03, 2018, 04:55:11 AM
 #1620

Speaking of corruption Corruption occurs because of money and the presence of greedy people who take the property of others. Bitcoin can be considered money, so I think bitcoin causes corruption. Because things including money will inevitably lead to corruption. Until now I still wonder why many people are that abusing bitcoin.
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