Can Bitcoin also lead to corruption ?

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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.

[Star_Bucks]

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.

[Cryptophorus Columbus]

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.

[chrmn27]

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]

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

[Yakult]

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

[haster100]

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.

[marielbeckham]

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.

[zhanyiguai261315]

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!

[fearcoka]

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.

[Pokemoon]

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.

[sayulita]

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.

[ajdaj]

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.

[tamarindbleu]

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.

[gua86402]

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.

[Mark Promo]

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?

[poldanmig]

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.

[removebeforeflight]

Any currency can be bribed as corruption to make things happen in this world, likewise bitcoin may or may not be used for the same and it's up to the person who does it. Bitcoin or any cryptocurrency never entertains such thing but wrong hands and wrong brains utilize this kind of technology in their favor which is uncontrollable as of now.

[expert4knowledge]

Logically, you will always have less corruption with bitcoin as it can't be controlled by anyone or any government

[Tessihen]

Logically, you will always have less corruption with bitcoin as it can't be controlled by anyone or any government

yes actually bitcoin is controlled by any non party person i think hard if used as tool of corruption.