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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
TonyFat
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March 13, 2018, 04:54:34 PM
 #1761

I'm sure that corrupt officials already use bitcoin for bribes, it's hard to imagine a more convenient and safe way of transferring money
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September11Myth
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March 16, 2018, 11:10:24 PM
 #1762

Humans lead to corruption, not what they use to corrupt. Just like guns, guns don't kill people, people do. The weapon and the money are just tools and if they are used by evil or corrupted people, they will cause damage. So Bitcoin cannot be guilty of anything really.

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March 16, 2018, 11:27:19 PM
 #1763

Money is a very hot issue for now due to a lot of needed expenses in this world, so that's not within our control if some people is doing corruption on bitcoins. If we can compare it to fiat currency which is so transparent to human eye, how much more with bitcoin having an anonymous ability to encrypt a money.
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March 16, 2018, 11:32:08 PM
 #1764

Any currency can lead to corruption. The media is going to show it as a corruption currency when in fact USD is widely used in corruption all around the world because it holds it's value relatively well compared to other fiat. I wouldn't avoid BTC for that reason if that is your original thinking.
Triyavam
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March 16, 2018, 11:50:53 PM
 #1765

To avoid it, it must be completely legal,
Bitcoin can develop corruption due to lack of control and circulation of illegal terrorist funds,
In my opinion, it has the greatest chance of fiat money I mean, seeing bitcoins that have anonymity and small fees that are perfect for corruption.
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March 17, 2018, 01:25:12 AM
 #1766

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,because this work is a nice work so that this is not lead a corruption so that we should protect the bitcoin so that theu can't not lead it to corruption.

neliawesome
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March 17, 2018, 01:34:16 AM
 #1767

Yes bitcoin can also lead to corruption because through bitcoin we can earn money so money is the source why many people got corrupted mind and steal things just to satisfied their needs.
Burogh
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March 17, 2018, 01:49:06 AM
 #1768

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 dont believe bitcoin have relation to corruption. Corruption is about mentality and its can be fix with law enforcement. Dollar also a means of money laundering or drug.

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yurenchuang7125
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March 17, 2018, 03:50:22 AM
 #1769

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 governments have imposed strict controls on bitcoin, on the grounds that it can and has been used to aid illegal activities. But what the government has not told people is that bitcoin is a medium of exchange that is not controlled by it.

Corrupt governments are more likely to say bitcoin is illegal, while those with better governance are more friendly. Authoritarian governments don't trust bitcoin because they fear a decentralized, transparent trading network that is trusted by bitcoin.

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March 17, 2018, 03:55:07 AM
 #1770

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 dont believe bitcoin have relation to corruption. Corruption is about mentality and its can be fix with law enforcement. Dollar also a means of money laundering or drug.

I think bitcoin will not the reason for the growth of corruption and it cannot be a illegal currency so the people don't Judge a book by it's cover,once you entered into bitcoin world you will.feel the good thing in bitcoin.

Ca.ming14
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March 17, 2018, 04:32:36 AM
 #1771

In my opinion, it is possible because, the main people of some countries are already transferring their stolen money to bitcoins, so that they will not be tracked. So bitcoin contributes to corruption. dont be suprised if you heard that some politician are laundry money via bitcoin. since its untraceable.  I guess some politicians have started doing it already.
AmberDurso
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March 19, 2018, 02:34:22 PM
 #1772

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?
Ferylero
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March 19, 2018, 02:42:13 PM
 #1773

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?

Unfortunately, bitcoin is already actively used in corruption because of its anonymity. But it's the the same problem as BTC payments in dark web - this situations must not affect bitcoin's reputation.
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March 19, 2018, 02:59:25 PM
 #1774

ofcourse can , corruption then buy bitcoin , its will clearly i think
but yeah bad people who do that , they just know money and never know about ppl

Nanot
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March 19, 2018, 03:10:55 PM
 #1775

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?
As for me as what i knew. When it terms to curruption here in bitcoin. It is base on the people who holding thier bitcoins as well as if they become greedy  they would be leads into curruption through being selfish as all is possible can be that but i know that in everything thier is  curruption by the people whose  able to become greedy. Greediness is the way of curruption so if you want to take away the curruption you must say that you cannot currupt when you are able to make everything significance.

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zhuiyongliang8
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March 19, 2018, 03:19:01 PM
 #1776

Yes, government corruption exists in any country. I think because of the anonymity of bitcoin, it has increased government corruption.

I found something that people like to link money laundering, black market, corruption and BTC.

The area connection technology has very good use, but is used by some bad people, do some bad things.
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March 19, 2018, 03:48:10 PM
 #1777

this will be easier to do because the system has manipulated all the existing data so someone can steal and eliminate their tracks so this will make it safer to do

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Domenc
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March 19, 2018, 04:06:22 PM
 #1778

Yes, government corruption exists in any country. I think because of the anonymity of bitcoin, it has increased government corruption.

I found something that people like to link money laundering, black market, corruption and BTC.

The area connection technology has very good use, but is used by some bad people, do some bad things.

I totally disagree to this belief, it is nature of people that is ruining and corrupting the system and not any kind of currency. People will always find some ways to spread corruption no matter, how hard things are made for them. Every system has pros and cons and you can title anonymous nature as cons as it will likely to spread corruption but pros of the coin are much more than its cons.
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March 19, 2018, 04:10:10 PM
 #1779

Bitcoin has got good uses and it also has bad uses. Good people would use it in a good way, on the other hand bad people will use it in a bad way.

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March 19, 2018, 04:11:25 PM
 #1780

I think that fairness and transparency from bitcoin will reduce the rate of corruption around the world. That problem lasted a long time in society, and bitcoin brought about a revolution in technology to remove those barriers. But I do not think the government will apply bitcoin as a tool to apply it to the purity.
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