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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
Bunsomjelican
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April 29, 2017, 04:12:57 AM
 #241

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 very open to anyone neither to any country in the entire world as long as there's an internet connection it can easily be useful. which can be use for good and bad purposes.,So I do agreed it can be use for corruption if there some people who are bad intention to do this matter.

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April 29, 2017, 10:58:38 AM
Last edit: April 29, 2017, 11:14:52 AM by aubert
 #242

They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan.


They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before.
When the authorities you mentioned just bought bitcoin, they'll be sure giving their address and sending it somewhere, but it's still can be traced, bitcoin is basically pseudo-anonymous that's mean it's not totally anonymous, it can be traced.
Actually, in my opinion, the corruption can be annihilated by using bitcoin and giving out the transparency towards citizens by showing off the address and its function to whether buying to pay the expenses of a project and much more, once the money is moved out, people could easily figure it out.

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April 29, 2017, 01:02:59 PM
 #243

They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan.


They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before.
When the authorities you mentioned just bought bitcoin, they'll be sure giving their address and sending it somewhere, but it's still can be traced, bitcoin is basically pseudo-anonymous that's mean it's not totally anonymous, it can be traced.
Actually, in my opinion, the corruption can be annihilated by using bitcoin and giving out the transparency towards citizens by showing off the address and its function to whether buying to pay the expenses of a project and much more, once the money is moved out, people could easily figure it out.

Yes i do agree with you. People often use this kind of currency as transaction because of its transparency, also some people used it for illegal purposes. As far as I'm concern BTC is still currency and maybe it would also come to the point that it will be the root of corruption, maybe.

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April 29, 2017, 02:28:54 PM
 #244

They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan
They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before

Why people continue to repeat this nonsense?

You should understand that once you make an on-chain Bitcoin transaction (and it gets confirmed), it is forever written on the blockchain. Bitcoin is called pseudoanonymous for viable reasons. It is anonymous for ordinary people but special services can still track down single transactions to individuals creating them. It is just a matter of how much they may get interested in tracking you down (i.e. what fish you are). If you doubt that, ask Ross Ulbricht

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April 29, 2017, 03:01:13 PM
 #245

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

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radjie
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April 29, 2017, 03:25:17 PM
 #246

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?
This could have happened.
everyone needs money, in any way they would do if it could get the money.
The nature of a greedy person it happens where they are tempted to get something more.
A small sample with bitcoin, bitcoin is a digital currency that could in Exchange with real money. There appear people are greedy people who want to earn money with
instant way giving rise to corruption.

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the rise
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April 30, 2017, 03:06:18 AM
 #247

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?
This could have happened.
everyone needs money, in any way they would do if it could get the money.
The nature of a greedy person it happens where they are tempted to get something more.
A small sample with bitcoin, bitcoin is a digital currency that could in Exchange with real money. There appear people are greedy people who want to earn money with
instant way giving rise to corruption.

This is one of the reasons why Americans are still unwilling to accept bitcoin, anonymity that is so strongly attached that it can provide transactional freedom and also open up instant opportunities for corrupt people rampant all over the world, Why should America? Because all attitudes taken of america will be followed globally by the world.

Maybe when bitcoin is finally regulated by the government, the punishment imposed on bitcoin corruptors is heavier than fiat corruptors because it can have a tremendous effect.

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Babyrica0226
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April 30, 2017, 04:35:16 AM
 #248

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?
Corruption was being implemented to all countries in the whole world, and bitcoin was being abused by the bad people because they knew that bitcoin can be use for bad purposes. But honestly, let us not us it for any illegal activities. I think each nations must create a new laws about this things.

 
 

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April 30, 2017, 04:41:30 AM
 #249

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.
But I think politically will be a little hesitant to do money laundering with bitcoin. To see the risks that exist in the bitcoin fluctuations? Because it can reduce their wealth because it could be the price down
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April 30, 2017, 06:17:39 AM
 #250

No, it's a big "NO" , because I believe and I think that Bitcoin cannot corrupted by everyone. Due it was a digital currency that cannot use to any bad thing, because it was protected by private systems of Bitcoin company.
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April 30, 2017, 06:35:40 AM
 #251

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?

For sure yes. You have given yourself the answer. Bitcoin can lead to corruption even more than the other currencies because of its characteristics. The other currencies are much more controllable than bitcoin. So the corrupted people will love to be paid with bitcoin.
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April 30, 2017, 07:11:19 AM
 #252

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?
Certainly yes. As far as it is money related, expect the corruption. Corryption is is being made by powerful official/developers. However, as far as I see how bitcoin runs, corruption isn't on their mind already perhaps.
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April 30, 2017, 09:12:14 AM
 #253

In bitcoin platform, corruption isn't necessary since it's decentralized and government has not control to it. For the developers, they can be corrupt but it's less likely to happen since they wouldn't do things that can affect them negatively.
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April 30, 2017, 09:41:05 AM
 #254

No, it's a big "NO" , because I believe and I think that Bitcoin cannot corrupted by everyone. Due it was a digital currency that cannot use to any bad thing, because it was protected by private systems of Bitcoin company.

thats right, bitcoin is a tools for us and a way for us to make money and its depend with that person, if he want to use bitcoin for bad things, then bitcoin will be bad in the end. maybe is not bitcoin that can not lead to corruption but the money that behind all of the corruption. because if we see in many country, many people in the government is trying to get money by corrupted and if they got that money, they can exchange that money into bitcoin and they can use many ways to gets bitcoin and no one will know.

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April 30, 2017, 10:19:03 PM
 #255

No, it's a big "NO" , because I believe and I think that Bitcoin cannot corrupted by everyone. Due it was a digital currency that cannot use to any bad thing, because it was protected by private systems of Bitcoin company.

What the hell are you talking ? As bitcoin is a digital currency so it can not be used to do bad thing ? Bitcoin is protected by by by what ? Private systems of bitcoin companies ? Fiat, gold, diamonds, humans and drugs are used daily as a money, why do you think bitcoin is not. Look the news there are several criminal stories where bitcoin is onvolved. Wake up man.

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May 02, 2017, 09:10:47 PM
 #256

No, it's a big "NO" , because I believe and I think that Bitcoin cannot corrupted by everyone. Due it was a digital currency that cannot use to any bad thing, because it was protected by private systems of Bitcoin company.

What the hell are you talking ? As bitcoin is a digital currency so it can not be used to do bad thing ? Bitcoin is protected by by by what ? Private systems of bitcoin companies ? Fiat, gold, diamonds, humans and drugs are used daily as a money, why do you think bitcoin is not. Look the news there are several criminal stories where bitcoin is onvolved. Wake up man.
Yes, if someone is committed to do any sort of corruption with the bitcoin they can easily use it for things like money laundering stuff and even they can get there black money white with the help of the BTC by purchasing it first and then by selling it they will receive the amount through bank with which no one can claim that it is not a fair money.
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May 03, 2017, 07:51:17 PM
 #257

Bitcoin can't lead to corruption because bitcoin is decentralized and it can't be controlled by anyone, the bitcoin is known for being decentralized and if bitcoin lead to corruption then it means that it already broke its features and it will be a huge effect for the price and it will go down.

The OP is not talking about corruption in Bitcoin. He is talking about the features of Bitcoin helping corrupt people.
While that is a concern, we should not be blaming the tools for the action of men.
Do you mean to say that ultimate authority leads to ultimate corruption. Actually we have the experience to see the corrupt people that are the corrupt characters. Also we see that there are more people against corruption. They will do nothing wrong to anyone besides being powerful. The Bitcoin is just a currency like others and it depends upon the user what he/she wants to do with it.
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May 04, 2017, 01:54:05 AM
 #258

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?
All the transactions on bitcoin can be tracked, so bitcoin could help to track all of those transactions and that could lead to arrest of politicians, but make no mistake the corruption comes from the people and not from the tools they use.
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May 04, 2017, 08:54:33 AM
 #259

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.
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May 04, 2017, 10:25:27 AM
 #260

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.
True, one of the cast of corruptors is political lol. If they know the bitcoin well. Maybe they will wash their money with bitcoin because it is much safer for their identity

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