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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
Juliedarwin
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January 03, 2018, 05:05:12 AM
 #1621

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 give help people to reduce poor people. Reduce to corruption that's people wants to be.

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January 03, 2018, 05:26:16 AM
 #1622

For me yes, there are possible that bitcoin lead to corruption using human. Actually not all people know about bitcoin, if a person do a corruption and convert all his money from corruption into bitcoin, their money will be save because it will be hard to trace where is the money goes. It is all about the Intension of people to do corruption using bitcoin.
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January 03, 2018, 05:45:55 AM
 #1623

If you are talking to different countries and the status of corruption,maybe yes.For in my country corruption is so spread everywhere and every government agency have someone who is corrupt.Then there is a much possibility that bitcoins can be corrupted.

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January 03, 2018, 05:58:05 AM
 #1624

Yes of course!!! There are two ways where it may lead to corruption! There may be a corruption on the side of the bitcoin developers pr the largest owners to always keep the bitcoin price at a certain level (just like in the case of diamonds where prices are artificially controlled to keep the demand high). The other corruption will be at the end of the regular bureaucrat who may ask donations or bribe in terms of bitcoin. We must remember that bitcoin in itself may be untrackaeable. It only becomes paper trail once someone monetizes it! So, there is still some years ahead of us to prove that it is actually better than the current system Smiley 

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January 03, 2018, 07:29:28 AM
 #1625

Corruption is everywhere, from underdeveloped to developed economies. Corrupt people and their greed for money led to corruption, not any currency. People can use money earned from corruption activity in bitcoin exchanges. Bitcoin is just a tool of investment. Use of any currency depends on the holder of that currency one can use it to help other or can use to do some corruot activity. Countries like Australia, Canada are banning bitcoin currency, because bitcoin is getting used in illegal activities. Bitcoin is a decentralised, autonomous currency; holder of the same can use it for any purpose of his choice.

   

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January 03, 2018, 01:16:11 PM
 #1626

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?

 Will in my own opinion corruption comes from government.Government cant acces bitcoin because its a international currency bitcoin will never go for it.If corruption excist maybe on a bounty like a bounty manager.I guess he can make here other account give big share than the other who work hard just to earn...
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January 03, 2018, 01:25:08 PM
 #1627

corruption is for government official who wants to became millionare instant and they are the pollution in every country that has a corruption, it would not lead to the corruption because government has no power to control the bitcoin in all over the world, bitcoin can be use any people we don't know one of the member here is governement official and have an investment in bitcoin to grow his/her money

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January 03, 2018, 01:31:21 PM
 #1628

for me it doesn't do. i mean bitcoin can't lead to corruption because the government itself cannot take some taxes in bitcoin and the government doesn't have a control over bitcoin. even though in the future the government can't use bitcoin in corruption.
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January 03, 2018, 01:32:19 PM
 #1629

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?
Everything related to money and property can be corrupted, but the way is different. Each system has a gap.
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January 03, 2018, 03:24:30 PM
 #1630

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?
Everything related to money and property can be corrupted, but the way is different. Each system has a gap.

Yes, right. Where there is money, interests and human greed there is the possibility of corruption. That's why bitcoin can be used for corrupting.

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January 03, 2018, 03:36:12 PM
 #1631

Maybe there are some ways of corruption, but it's probably woudn't be BTC fault. So i would say no
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January 03, 2018, 10:27:13 PM
 #1632

Bitcoin generally uses at online marketplace. If we use anything roughly then we can not blame about that. By the choice of people, bitcoin is the very popular and honest system till now. Nowadays very less people know about bitcoin but it is being famous day by day and people are knowing about it.
One day will come when people will use it to hide their black money because no one counts this sites money.Politicians can use it for their extra benefit because no one can get their identity and most of the politicians of every country are so much corrupted. If people start rough use of bitcoin it can be the tool of corruption though it is just a tool for payment.
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January 03, 2018, 11:54:44 PM
 #1633

The thing that many governments fear about the presence of bitcoin is used as money laundry, the anonymous feature of bitcoin makes everything perfect for burying money safely.


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January 04, 2018, 01:38:32 AM
 #1634

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.. Bitcoin can also lead in to corruption. Because it involves around as money...thier are some many people who have a greedy personality. They have not contented what they have... Like some politicians many of them are involved in corruption.because of thier personal interest especially money...



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January 04, 2018, 04:33:12 AM
 #1635

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.. Bitcoin can also lead in to corruption. Because it involves around as money...thier are some many people who have a greedy personality. They have not contented what they have... Like some politicians many of them are involved in corruption.because of thier personal interest especially money...



The government already know it's possible that is why they are making law to combat money laundering and we have to comply with the regulations if we want to be safe with our transactions online. If a person is really thinking of making illegal activities he can do it even if whatever resources he will use because that is his will, but we also have to think of the consequences when we violate laws and regulations of our country.

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January 04, 2018, 04:41:49 AM
 #1636

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 can not lead to corruption. The cause of corruption is human greed. We can not blame the bitcoin.
Bitcoin is a valuable coin. so that people will use it to corrupt and do illegal activities

Yeah you were correct in that!

Corruption is always there even in a small organization to big groups. And it maybe possible that bitcoin can be used in corrupting and can seduced the greedy ones to do corrupting.

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January 04, 2018, 05:34:15 PM
 #1637

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!
I don’t think so bitcoin is leading a corruption because bitcoin is here to help us not to support bad things so I will request to every one stop miss use of bitcoin and I hop bitcoin will also find a way to stop these kind of things there are a lot of people who are using bitcoins for bad activities because they think that bitcoin price is high and it’s also the currency so money talk and they are using it for illegal activities so it must be stop.
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January 04, 2018, 05:37:28 PM
 #1638

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?
Many people say bitcoin only brings development and good things but I think the opposite. Bitcoin will adversely affect the economy of the country because of corruption as well as delinquency.
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January 04, 2018, 05:46:44 PM
 #1639

The notion of corruption is stolen money belongs to the state. However, bitcoin can also be exposed to theft but the theft of bitcoin cannot be said to be an act of corruption because the stolen bitcoin is not a state property but a private property. In this case, bitcoin actually can be one solution to minimize the possibility of corruption, of course, if the government can cooperate with bitcoin developers to implement the blockchain system on state finance.

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kreed.wenti
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January 04, 2018, 07:48:12 PM
 #1640

It seems to me that dishonest people will always find a way and opportunities for bribes. Be it phiatic money or bitcoin, in any sphere of society, there will always be an opportunity where and when to do it.
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