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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
camito
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February 18, 2018, 01:18:54 AM
 #1721

You already answered your question, as long as there's money involved, anything can be corrupted, even bitcoins. As long as there are greedy people who always want to get what they wanted, they always do whatever it takes just to get these things, even if they do bad/illegal things.

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February 18, 2018, 01:48:33 AM
 #1722

This is the thing that many nations fear because the anonymous feature on bitcoin keeps everyone free to save money there, it will certainly make the corruptors free and safe to save money so the country will limit the use of bitcoin.


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February 18, 2018, 01:54:29 AM
 #1723

Bitcoin is 9 years old all ready. Have you seen any corruption? People trying to scam with it, steal them?
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February 18, 2018, 03:34:45 AM
 #1724

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?
No corruption  I think I only in the government but bitcoin I don't guess  that it can lead to corruption to
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February 18, 2018, 04:28:12 AM
 #1725

I have not heard of one case of using bitcoin for corruption. Criminals most likely do not trust new technologies. And bitcoin can be tracked if you do not use mixing.
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February 23, 2018, 11:25:52 PM
 #1726

I think bitcoin can also be corrupted because corruption is not only with money, but corruption can be in any form. even I think corruption can also be done in intangible things like time. sometimes I get results from a bounty campaign not in accordance with the payment in the spreadsheet and I am sure it is a form of corruption.
The world will be better if the government will not have any permission in the monetary system of the world in the future. With blockchain - decentralized network, we can own our monetary system and no one can affect it. This is the future should be done, IMO.



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petrobit
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February 23, 2018, 11:46:42 PM
 #1727

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?

and you pay as governments are set to crypto the market Smiley if bitcoin was suitable for corruption schemes it would have long been used

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February 24, 2018, 04:33:20 AM
 #1728

No, I think,Because bitcoin is a digital currency that has transparent transactions. So, I believe and I think that bitcoin cannot be used as a tool for corruption.this can still happen because it is completely anonymous and is well suited to use for shady purposes. So, some people become bitter about Bitcoin because of this
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February 24, 2018, 05:07:46 AM
 #1729

Corruption is a mindset weather it involve bitcoin of payer money, anyone who want to be corrupt no amount of regulations or government influence he will always find  his way out. Bitcoin can be used to house corrupt money, purchase ammunition and move money illegally but that does not mean it leads to corruption. 
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February 24, 2018, 05:26:04 AM
 #1730

Bitcoin is not necessarily the ones that lead the corruption because even before Satoshi Nakamoto have founded and developed bitcoin crimes was already happening all over the globe whether in the internet or in the actual world, so I think it was quite the opposite that you actually talking about corruption that can to bitcoin because it first happen before bitcoin.

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February 24, 2018, 09:38:48 PM
 #1731

Bitcoin is not necessarily the ones that lead the corruption because even before Satoshi Nakamoto have founded and developed bitcoin crimes was already happening all over the globe whether in the internet or in the actual world, so I think it was quite the opposite that you actually talking about corruption that can to bitcoin because it first happen before bitcoin.
However, cryptocurrency is really the best place to help the criminal use this system to transfer money. Nowadays, not like the past, there're many cryptocurrencies better than Bitcoin about privacy. Especially Monero, the criminal are using this crypto from 2016 until today after they know Bitcoin isn't decentralized 100% by some factors.
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February 25, 2018, 04:11:19 PM
 #1732

Corruption is a mindset weather it involve bitcoin of payer money, anyone who want to be corrupt no amount of regulations or government influence he will always find  his way out. Bitcoin can be used to house corrupt money, purchase ammunition and move money illegally but that does not mean it leads to corruption. 
Exactly corruption is mixed in the blood of those people who are corrupt by nature. Any person who is corrupt and want corruption nothing can stop him to be on this way, no government can ban him no police no currency can stop his way for corruption. Before bitcoin if we look back we will see a lot of people who were openly involved in corruption so we cannot blame the innocent bitcoin for this mindset of people. So bitcoin has its own system used by people to generate fair money it has no connection with corruption.
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February 25, 2018, 04:20:49 PM
 #1733

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?
Well i believe that it is.. because some of the people in the government right now are having a good time in cryptocurrencies . it is an issue here in our country that almost 3 of them are having an coruption using this crypto.
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February 26, 2018, 02:22:03 PM
 #1734

Yes because Bitcoin is like money, and money is a medium used for corruption. Actually it will ultimately depend on the user. Anyone can use it for good, while others may use it for illegal means. Since Bitcoin is not traceable, people may think of using it for illegal activity since they may get away with it.
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February 26, 2018, 03:30:34 PM
 #1735

bitcoin will not cause corruption, but bitcoun is very easy to be a place to hide the results of corruption because bitcoin can not be audited by the government

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February 26, 2018, 03:36:03 PM
 #1736

For me, I think yes. Bitcoin can cause corruption because Bitcoin is also a money. And many of us are greedy when it comes to money. I wish not all is corrupt.
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February 26, 2018, 05:13:44 PM
 #1737

Corruption is not about just currency...corruption is about people heads. People always want money and power that's why we always getting corruption problem.
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February 26, 2018, 05:42:20 PM
 #1738

Bitcoin can't lead anyone to corruption.it's the people who are corrupted can use bitcoin to their evil scheme. Because bitcoin is just here to help anyone to earn money. Not to turn us into evil one and be corrupted. There's corruption everywhere when there's money involve.

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February 26, 2018, 05:48:09 PM
 #1739

I think yes,  from other side if think about how safe it will, all transactioins are public and it will easy to track, but yeah, maybe if mix. Also how to explaine what is it and how to cash out, just imagine situation when you giving usb flash drive with no words, also unstable price, so before person will cash out he might lose 20 - 40%.
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March 07, 2018, 06:00:50 PM
 #1740

As you rightly said anything associated with money always lead to corruption becouse of greed. bitcoin can be use as means of laundering illicit or corrupt money  by corrupt people who stole money from government or drugs dealers.
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