Can Bitcoin also lead to corruption ?

[Boknoi321]

I think there are a lot of definitions of the word corruption in the dictionary and I think, Bitcoin can lead to corruption based from the definition that I know. Corruption for me, is when people use something but that something is not for that people but for other purpose or other people, though in bitcoin it can be called on another word. For example, I am running a signature campaign, lets say it is A signature campaign. My campaign manager is X and been my partner for 6 years. I trusted him so much, that I put the whole 10 bitcoins to the address of the campaign. After that I didn't hear about him or what happened to my bitcoins, as far as I know, he run off with my bitcoins, and used it not the way it will be used.

You can just simplify it by saying, to exploit people and or do that is immoral. 


Definitely  anything that can bring power or trigger greed can corrupt people.  Bitcoin like money is no exemption.  Bitcoin can give people power, financial capability, and fame.  If a person cannot get enough of these with Bitcoins then he can turn into a corrupt person exploiting everything he can to get more of what Bitcoin offers.

He's right, this is considered as digital money thats why theres always a way that someone will corrupt bt using bitcoin, If someone gets obsessed on wanting too much here in btc he will find a way to have as much as he can so thats where the corruption stars. Corruption nowadays is rising so there's no way that bitcoin is not one of it.

[geopolisch]

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?

Surely bitcoin will lead to corruption. But if it leads to corruption bitcoin will be the only currency in the world

It is because bitcoins are a digital currency which can be used anonymously for illegal purposes both the sender and receiver have no idea who is sending the money i.e. no personal information is exchanged between them. Dark web is example to use crypto over internet for corruptions. Most of the criminals use bitcoins for making digital business deals and for money laundering.

[signaturecoin]

Yes of course, anonymous becomes a haven for corruptors to hide their money so that no one can trace them. This is what many countries say so they do not accept bitcoin

[thekafi]

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?

corruptions can happen in every where , it is possible. but, in my opinion I buy bitcoin to investing my money. it is income from job.

[maculeth]

difficult, how? all bitcoin transactions are recorded in a blockchain ledger, so everything can still be checked again. but for washing, it can be bitcoin. because the mafia can put all the money into bitcoin, because bitcoin is very expensive and definitely will not take up much space in their wallet account.

[Flickkk]

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 guess if all people in the world  poor and rich people can handle the world of cryptocurrency.
it will reduce poverty and i think your correct Greedy Government will take advantage to corrupt more money

[Legwist]

As what you have said, corruption is everywhere. Bitcoin can possibly be used in corruption since it is anonymous. I'm general bitcoin or crypto money is the most ideal approach to launder cash that is the reason numerous legislatures are against it.

[sharnel18]

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?

Money is the root of evil, so theres a possibility that bitcoin can be associated in the system of corruption especially to those greedy people,since everyone of us known that everywhere there is corruption even without the existence of bitcoin ,but depend on a person who use bitcoin,and considered it as a precious and more valuable because its really helps us to our better future.... 

[Blackmet]

When we talking about money corruption is always behind. Bitcoin can easily being the reason or tool for bad people , criminals or just corrupted government.

[goldcoinminer]

When we talking about money corruption is always behind. Bitcoin can easily being the reason or tool for bad people , criminals or just corrupted government.

Anything that can be considered as a tool to make money can be use for corruption, it's the will of the users and bitcoin is just a simple tool.
Bitcoin is money so it can be use for both legal and illegal activities, that is very simple, I hope people will be educated about the real purpose of bitcoin.

[beccer]

When we talking about money corruption is always behind. Bitcoin can easily being the reason or tool for bad people , criminals or just corrupted government.

Anything that can be considered as a tool to make money can be use for corruption, it's the will of the users and bitcoin is just a simple tool.
Bitcoin is money so it can be use for both legal and illegal activities, that is very simple, I hope people will be educated about the real purpose of bitcoin.

there is always a way to do corruption but if bitcoin is used in a country it will reduce corruption, because bitcoin owned transparency will make officials think twice for corruption

[reynilynedago]

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 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.

[loveslfc]

Yeah bitcointalk can lead to corruption provided in as much as we're human. Anything that involves money can lead to corruption because there are bad eggs among us.

[sangungaji]

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?

corruptions can happen in every where. so, it is possible. in my opinion

[bitkanu]

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?

corruptions can happen in every where. so, it is possible. in my opinion

It is, only if someone who trying to do corruption are smart enough to send their money in form of bitcoin into anyone else's address without even being noticed by the authorities or an anti corruption institution. The fact that blockchain is really transparent that all the transactions saved up forever to the blockchain will prevent any corruption, everyone could monitor the movement of the funds, you want example, see all those ICO that's funded through cryptocurrencies and see how the communities or investor are always noticing if there's any movement in specific address.

[jeanpadel14]

We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen through greed. Since bitcoin may be considered as money, can it also lead to corruption.And technological advances have made it possible to dramatically increase the accountability and transparency of public financing to reduce corruption

[Paycoinzzz]

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?

corruptions can happen in every where. so, it is possible. in my opinion

It is, only if someone who trying to do corruption are smart enough to send their money in form of bitcoin into anyone else's address without even being noticed by the authorities or an anti corruption institution. The fact that blockchain is really transparent that all the transactions saved up forever to the blockchain will prevent any corruption, everyone could monitor the movement of the funds, you want example, see all those ICO that's funded through cryptocurrencies and see how the communities or investor are always noticing if there's any movement in specific address.

If blockchain of Bitcoin system can track the source whom are the owner of that address, you can not know is that address really from people of the government or from normal people.
However, Bitcoin has more security for its user and it keeps private information for those who want to hide this information.
Unless we create new system use blockchain to development, I think so.

[laracastvue]

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 it can lead to corruption because bitcoins can bring wealth to different people and if cryptocurrency would not be used for good then it can actually destroy a country or start a war on different countries in the future.

[Chaki]

Everything that misleads will lead to corruption, becoming greedy is one reason of doing so, its not the amount of what have you corrupt or starting to steal, the moment you start things wrong will lead to corruption too, so my answer is yes, corruption happens anywhere sometimes people are not aware but they are doing it.

[LuciferEveningStar]

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 will lead to corruption if the government will not use the profit from cryptocurrency to improve the countries economy. I like the idea of japan to use bitcoins for the improvement of their economy because in this way people will get wealthy in their community.