Can Bitcoin also lead to corruption ?

[deisik]

Governments aren't greedy, government exists to keep country alive and existent, what makes the government corrupt is people inside it, some are greedy and pathetic while there's still good people exist inside the government. It's wrong to say that government is greedy and corrupt if without it, a country will never hold on and the whole country will be destroyed then.

Are we living on the same planet? I think you overestimate goodness and altruism level in people. Governments were created to serve but this is no longer the case.
Most politicians I see are crooked greedy bastards, even, or especially world elites. Money rules over everything, corporations and business own politicians.

There is so much dirt behind the scenes, more that we can even imagine. Corruption will never be fully deleted it will only evolve.

Lets not judge all politicians to be all bad persons. If they do than there is no country in this world that is progressing. Right now you can see that some governments of their own countries have the right way on how to run a country and how they make it develop more. Its not always the governments fault, in fact some of us have the right to vote our own bets for who will run our country making it also our fault why some of our officials are crooked

Countries are evolving despite politicians, not thanks to them

It is really bordering on ridiculous to claim that an overall progress is due to some government intervention. Personally, I keep to the opinion that the best a government can do is not to hinder too much or interfere too deep with the development of society. In other words, they can make things terribly worse but they can hardly make them a lot better. It is like today's miners, while many if not all of them may be nice guys individually, but together, as a system, they are as rogue and ruthless as any other capitalist out there hell-bent on sucking in profits

[pixie85]

Governments aren't greedy, government exists to keep country alive and existent, what makes the government corrupt is people inside it, some are greedy and pathetic while there's still good people exist inside the government. It's wrong to say that government is greedy and corrupt if without it, a country will never hold on and the whole country will be destroyed then.

Are we living on the same planet? I think you overestimate goodness and altruism level in people. Governments were created to serve but this is no longer the case.
Most politicians I see are crooked greedy bastards, even, or especially world elites. Money rules over everything, corporations and business own politicians.

There is so much dirt behind the scenes, more that we can even imagine. Corruption will never be fully deleted it will only evolve.

Lets not judge all politicians to be all bad persons. If they do than there is no country in this world that is progressing. Right now you can see that some governments of their own countries have the right way on how to run a country and how they make it develop more. Its not always the governments fault, in fact some of us have the right to vote our own bets for who will run our country making it also our fault why some of our officials are crooked

Countries are evolving despite politicians, not thanks to them

It is really bordering on ridiculous to claim that an overall progress is due to some government intervention. Personally, I keep to the opinion that the best a government can do is not to hinder too much or interfere too deep with the development of society. In other words, they can make things terribly worse but they can hardly make them a lot better. It is like today's miners, while many if not all of them may be nice guys individually, but together, as a system, they are as rogue and ruthless as any other capitalist out there hell-bent on sucking in profits

Lincoln would be proud.

I agree with this, the government should be there to make alliances  and pacts in times of peace and command in times of war. It's there to observe and guide people.
Unfortunately almost every government abuses the trust given to it and oppresses the people instead of giving them freedom. Too high taxes, too high wages of politicians, corruption... these are just a few things governments have in common.

[jak3]

yes it can happen but I see a wonderful option here, its that we can include comments and notes in the transactions which are going to be recorded and stored in the network forever. so if anyone tried to corrupt the network all we need to do is just place a note in that corrupt money txd. and he will be spotted everywhere and also I think most transactions should use the notes features to minimize the chances of being corrupt

[mornabo]

In a real life,  we are experienced in the corruption. It's happening everywhere.
So in a virtual world, it would be easier to run such type of activity. Some greedy people who are always and all the ways to make their money through corruption.
So bitcoin is not out of this.

I think despite the absence of bitcoin though, corruption will still happen because it is the greedy nature of some people. So do not blame the bitcoin. Blame those who are too greedy

[asriloni]

In a real life,  we are experienced in the corruption. It's happening everywhere.
So in a virtual world, it would be easier to run such type of activity. Some greedy people who are always and all the ways to make their money through corruption.
So bitcoin is not out of this.

I think despite the absence of bitcoin though, corruption will still happen because it is the greedy nature of some people. So do not blame the bitcoin. Blame those who are too greedy

Basically all of the kind of currency is ever used for the illegal activities. The dumb person just try to blame the bitcoin without trying to get about the fact.

The greedy person will always be finding a way to do illegal activity. In this case it's not bitcoin's fault.

[meliodas]

Any money, currency or anything can be used in bad way that really depends on that person whether to use it for goodness or the other way around that is including Bitcoin. It really is a question of the values, principles, and manners of that persom really.

[Bedebah]

The chances is very big, bitcoin is anonymous so it could be used to hide the money. Maybe the price increase because many corruptor switch their money to bitcoin.

[SvenBomvolen]

In any system where there is a dependence on consensus among humans, there will be such a possibility, but in Bitcoin this would be very unlikely to happen, since miners would be harming themselves.

Bitcoin or other crypto can just help to corruption to spread, by my opinion. Today there is currencies and technologies where you can't see the money road. it's hidden where from it sent and where it taken. In today's world in many countries the judgement for corruption is very easy, I live in Russia and I can guarantee you that with those people the government doesn't use something serious, all that makes to corruption to bloom.

[yrreg ger]

Wealth can very much lead to corruption. Provided that Bitcoin favors anonymity it is quite easy for people that are not ethical to slip into corrupted or at least non legal practices.

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, why not its have a value same as money. The government will also used this in corruption because of the price and the uses of this cryto currency. It has an advatages compare to cash/credit card, not only on our country but around the world. This will be the reason why government use in corruption they will make a money from the society and use to invest in bitcoin because of big profit using a bitcoin.

[TastyChillySauce00]

In any system where there is a dependence on consensus among humans, there will be such a possibility, but in Bitcoin this would be very unlikely to happen, since miners would be harming themselves.

Bitcoin or other crypto can just help to corruption to spread, by my opinion. Today there is currencies and technologies where you can't see the money road. it's hidden where from it sent and where it taken. In today's world in many countries the judgement for corruption is very easy, I live in Russia and I can guarantee you that with those people the government doesn't use something serious, all that makes to corruption to bloom.

Tell me why the majority of cryptocurrency can be traced through blockchain explorer which provided by their own developers while the real money in which often used for currency can't and you're already thinking that these cryptocurrencies could spread the corruption? Which financial system that shows transparently to the public without the need of permission except the blockchain? there's none.
Probably people who said that bitcoin could get the corruption worse is those who know nothing, it's really clear that every transaction will be saved up in the blockchain forever, blockchain(in this case used by bitcoin) is actually more transparent than any existed financial system.

[omonuyak]

The chances is very big, bitcoin is anonymous so it could be used to hide the money. Maybe the price increase because many corruptor switch their money to bitcoin.

Though bitcoin is anonymous but the really reasons for corruption is greed, selfishness and ignorance of what Kamal is. Corruption from what we know is not only in money or financial but also in politics, policy manipulation and and spirituality. Bitcoin will not lead to corruption instead rectified most of the issue we are having currently in iniquity in our society.

[theunbeatable]

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.

The politicians are aware of bitcoins ongoing improvements in the market, were not quite sure on how will they react in the future ( well they are only puppets to a more dangerous society in the dark ). Cryptocurrencies are taking it's place in these new generation and as I see it even without the politics, Ponzi scheme and other scams are chronic nowadays. And if the government will be involve, then you might not be able to see what hit you.

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.

Well because of bitcoins system complexity, you can't use it in curruption by simple means. They are using the term cryptocurrencies and bitcoins to fool people not the actual transaction. What I mean is they are using it's name so people might bite because it is something new not knowing that there are many groups that take advantage of that ( especially when people have no actual understanding in the bitcoins network or basic knowledge about it ).

[deisik]

In any system where there is a dependence on consensus among humans, there will be such a possibility, but in Bitcoin this would be very unlikely to happen, since miners would be harming themselves.

Bitcoin or other crypto can just help to corruption to spread, by my opinion. Today there is currencies and technologies where you can't see the money road. it's hidden where from it sent and where it taken. In today's world in many countries the judgement for corruption is very easy, I live in Russia and I can guarantee you that with those people the government doesn't use something serious, all that makes to corruption to bloom.

Tell me why the majority of cryptocurrency can be traced through blockchain explorer which provided by their own developers while the real money in which often used for currency can't and you're already thinking that these cryptocurrencies could spread the corruption? Which financial system that shows transparently to the public without the need of permission except the blockchain? there's none.
Probably people who said that bitcoin could get the corruption worse is those who know nothing, it's really clear that every transaction will be saved up in the blockchain forever, blockchain(in this case used by bitcoin) is actually more transparent than any existed financial system

In general, I stick to the same view

Bitcoin transactions which are written on the blockchain are there for good and everyone to see. So if some public figure gets "corrupted" via Bitcoin, then gets caught eventually, and that becomes widely known and wildly publicized, his grandchildren will likely damn and anathematize their grandpa for his involvement with Bitcoin since their friends and mates will certainly not miss a chance to poke a happy finger at the offending transaction

[concept2]

I think there is a possibility that Bitcoin can lead to a physical economic corruption which make a revolution the digital economy. Well, Bitcoin has done many things in this year and we all expect new things to happen

[NEWGOODOUBLE]

In a real life,  we are experienced in the corruption. It's happening everywhere.
So in a virtual world, it would be easier to run such type of activity. Some greedy people who are always and all the ways to make their money through corruption.
So bitcoin is not out of this.

But at least with them using bitcoin then their identity and transaction will be hidden? And that's because of the help of anonymity from bitcoin. ?

[giveen]

There isn't anything lead it's already too late. Many people have already converted their black money to white through the use of bitcoin. By the time most of the government realised something like bitcoin existed it was just too late. It was a i think still is the main source of payments on darkweb.

Bitcoin is leading to corruption I agree, but how the block money is converted to white through this Bitcoin, i am not understood, because in my country no one will give bitcoins for a fiat currency that means for hand cash. If we buy coins from a bank account, it is white money. Only if we buy coins with the mode of hand cash, it is black money. Maybe in real casino's, it is possible, but I am not sure.

No actually there are many ways to convert black to white. I read a article recently there was banning of a few currency notes in India in order to fight corruption. What bitcoin exchanges did is they sold bitcoin at a really high price like 40% than the current rate. Not only that people deposited the money in temple bags and then they got 60% of it back or something like that

[speem28]

Wealth can very much lead to corruption. Provided that Bitcoin favors anonymity it is quite easy for people that are not ethical to slip into corrupted or at least non legal practices.

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, why not its have a value same as money. The government will also used this in corruption because of the price and the uses of this cryto currency. It has an advatages compare to cash/credit card, not only on our country but around the world. This will be the reason why government use in corruption they will make a money from the society and use to invest in bitcoin because of big profit using a bitcoin.

Yes, it may be the sole reason why corrupted people may turn to bitcoin to hide their laundered or corrupted money. They will take full advantage of the features of bitcoin. The bitcoin's anonymity has its own good and bad effects depending on the purpose of using it. Maybe now, there is someone who is doing this, but let's just hope for the better that no one will ever do this.

[micher143]

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, whether we like it or not there are people who are greedy when it comes to money and this the big reason that can lead to corruption. so don't be shock when this time comes.

[richsoon]

Bitcoin is popular among criminals because its irreversible and lets them use money without being tracked, in that sense it can lead to corruption. However it can also lead to accountability, you can follow where the money goes and demand explanations for where this money went.

In other words the openness of the blockchain over the long term I think will reduce/remove corruption, but as the system is now it promotes criminality including corruption rather than destroying it.

[LegendOF45]

With bitcoin we can hide money unbeknownst to anyone, and I'm sure many a corrupter switched their money out of Panama banks to bitcoin, its impact is the price of the bitcoin continues to rise.