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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
Dark Sky
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January 04, 2018, 08:03:15 PM
 #1641

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.
Bitcoin is one of the best way that everyone can easily join and earn much more money and everyone in short time can get big profit, so how is it possible that bitcoin can lead corruption in country actually bitcoin can decrease any negative activity because bitcoin can fulfill every dreams of a person, so everybody want to join this forum and will earn many of bitcoin.

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January 04, 2018, 09:06:29 PM
 #1642

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.
Bitcoin is one of the best way that everyone can easily join and earn much more money and everyone in short time can get big profit, so how is it possible that bitcoin can lead corruption in country actually bitcoin can decrease any negative activity because bitcoin can fulfill every dreams of a person, so everybody want to join this forum and will earn many of bitcoin.
all can happen but do not let bitcoin be used as a tool for corruption because bitcoin prestige can be bad by corruptors anyway if used corruption all transaction data can be seen transparently.
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January 04, 2018, 09:07:44 PM
 #1643

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 already it self corrupted , it become a centralized empty token, bumped by media which get a lot money for first btc holders and miners.
It is used for bad reason for example for cryptolocker viruses and underworld people. But this is not what lead people to corruption, people just use it as a tool. Monero, Pivx etc are the same.
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January 04, 2018, 09:36:22 PM
 #1644

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, they are possibilities that Bitcoin might lead to corruption. Because corruption is in everywhere. And we all know that Bitcoin is considered as a legal monay but still it can uses at illegal transactions. As long as they have people who are hunger to earn money and his only heart is at money, bitcoin can leads to corruption. And wont be shock with it, it is part of the diary of the world.




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January 04, 2018, 09:44:56 PM
Merited by Colt81 (3)
 #1645

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?
We all know that bitcoin is very powerful right now so it is very possible that it can lead to corruption if ever the power is overused or abused. This is one of the reasons why we should be careful on spreading bitcoin knowledge, we should avoid these greedy people who only wants to benefit theirselves even if it's gonna harm other people. Carefully analayze whom you're sharing to always.

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January 04, 2018, 09:53:52 PM
 #1646

Of course bitcoin - as anything that has value - can be used to corrupt people. And due to its partial  anonymity, sure could be a preferred currency.
But so it's for cash money, so I don't see any reason to blame bitcoin for its eventual misuse.
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January 04, 2018, 10:00:53 PM
 #1647

Yes, anything that involves money can be corrupted. Those who have more than enough knowledge about bitcoin can do the manipulation unnoticeably. They can commit to fraud. But, I wish they won’t.
sorin90
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January 04, 2018, 10:36:29 PM
 #1648

In my opinion all tips of money can lead to corruption. As long as people will sell them self for money the coruption will exist

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January 05, 2018, 05:06:08 AM
 #1649

Yes, using bitcoin can uae to manipulate money. I think you could buy bitcoin to conceal the corruption money.

haster100
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January 06, 2018, 10:07:35 AM
 #1650

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 06, 2018, 10:38:18 AM
 #1651

I also don't supppose that it is capable of fighting corruption. Vice versa, it has all the chances to cause it since it allows to be completely anonymous online.
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January 06, 2018, 11:31:43 AM
 #1652

Anything of value, including COINS, and chain blocks in other currencies are likely to be used for corruption because of human greed, corruption because of human greed, everything appears there are two sides of positive and negative, the currency is not exceptional also, only holding the currency holders own master!
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January 06, 2018, 04:06:07 PM
 #1653

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?
We all know that bitcoin is very powerful right now so it is very possible that it can lead to corruption if ever the power is overused or abused. This is one of the reasons why we should be careful on spreading bitcoin knowledge, we should avoid these greedy people who only wants to benefit theirselves even if it's gonna harm other people. Carefully analayze whom you're sharing to always.
Haha too late! I don't think you will need to spend much time to research the knowledge and how to use Bitcoin through Google and Bitcointalk Forum. There're many threads talking and guide about these things. Instead, I think we should change the world from centralized to decentralized in anything, I think it will be better.
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January 06, 2018, 04:31:48 PM
 #1654

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.
For this not only bitcoin is involved mate because corruption is a kind of crime that can happen through anything not only with bitcoin. Right now everything is happening and main reason is safe currency that no one can know about sender and accepter of bitcoin so some of them use to take benefit of it but it does not mean bitcoin is bad it is profitable as well, for this small point worth of bitcoin will never get down.
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January 06, 2018, 04:58:36 PM
 #1655

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?
We all know that bitcoin is very powerful right now so it is very possible that it can lead to corruption if ever the power is overused or abused. This is one of the reasons why we should be careful on spreading bitcoin knowledge, we should avoid these greedy people who only wants to benefit theirselves even if it's gonna harm other people. Carefully analayze whom you're sharing to always.
Haha too late! I don't think you will need to spend much time to research the knowledge and how to use Bitcoin through Google and Bitcointalk Forum. There're many threads talking and guide about these things. Instead, I think we should change the world from centralized to decentralized in anything, I think it will be better.
Yes definitely Bitcoin can lead to corruption.Bitcoin is Internet regulated and to store the Bitcoins you just need to have Bitcoin wallet.Since Bitcoin is decentralized,taaxes cannot be implied on it.The government cannot trace the Bitcoin payment.Only the donor and the receiver know about the payment.So here the taxes can be evaded and payments can be done illegally by the criminals or corrupts.

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January 06, 2018, 06:46:03 PM
 #1656

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 the government finds a solution how to control bitcoin, then corruption will begin. As long as the authorities do not know how to deal with all this, that is why they do not touch bitcoins with a ban, but once they understand what they need to do, they will immediately take the bitkoin to their hands. But I think they have nothing will turn out, bitcoin can not be taken under control.
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January 07, 2018, 11:16:31 AM
 #1657

We all know that too much want of money is considered as greedy and greed leads to corruption it is because those people wasn't contented on what they have so they used to be one of the corrupt people present in the society especially in the government.I believe that Bitcoin has nothing to do with the corruption,but maybe yes it can because all the transactions of bitcoin are anonymous and the corrupt people needs such type of platform to save their black money and to transfer them anywhere without taxes and without government consideration. Everything can be use either in positive of negative way, this is the negative use of bitcoin to do corruption.. This is most of the time described as an issue by users who has the willingness to invest but fear and stay away because of the decentralized system paving path for such activities.
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January 07, 2018, 11:38:17 AM
 #1658

Corruption is caused by the heart of greed, and the currency is just a carrier, he and gold, real estate, masonry is the only difference is the currency due to security level is very high, so I'll ensure that corrupt money in COINS, this is because if they save money in the bank can easily tracking, so they will keep the currency.
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January 07, 2018, 12:09:29 PM
 #1659

I do not even know how bitcoin can fight corruption. I think that the anonymity of cryptocurrency can stimulate corruption and illegal actions with finances. Anonymity is a lack of crypto currency, not an advantage. Why would a law-abiding citizen hide his payments?
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January 07, 2018, 01:53:12 PM
 #1660

I do not even know how bitcoin can fight corruption. I think that the anonymity of cryptocurrency can stimulate corruption and illegal actions with finances. Anonymity is a lack of crypto currency, not an advantage. Why would a law-abiding citizen hide his payments?
if bitcoin is corrupt I think it is very difficult, because corrupt bitcoin is also monitored by bitcoin board, not people who have no responsibility to overcome it, so until now bitcoin can develop, because the bitcoin board is honest person.



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