Can Bitcoin also lead to corruption ?

[stomachgrowls]

First of all what is corruption?

dishonest or fraudulent conduct by those in power, typically involving bribery

Bitcoin can be a tool for corruption. But corrupting it is impossible. They might do it with website wallets or they could just make a law that will specialized with bitcoin transactions. But that would take a lot of work.

Maybe it cant be done directly but they can able to put all the funds that have been corrupted to bitcoin which it can really be use as a tool on hiding your transaction or stolen money.Yes it cant be directly corrupted some bitcoin since we do all know theres no much thing that uses bitcoin as a major that can able to be collected.

[gredisgold88]

with bitcoin prices now? bitcoin can make a person commit fraud and corruption in the company of their own, will be tempted wealth. I remembered the case Qtum, someone from team qtum had a scandal with one of the dev altcoin, which he embezzled 500 BTC in 2014, but the charges were not proven to be true, because the dev altcoin who accused someone team qtum does not provide information on txid with a 500 BTC ,

[ASHLIUSZ]

Corruption doesn't require anything to lead. Bitcoin due to its anonymity makes ease of the corruption process. Even without bitcoin most of the country governments and politicians are much corrupted. So when bitcoin serves better governments and politicians who know about it won't oppose it as it benefits them. This will serve as an added advantage for us the users.

[Amph]

i see it as better tool for corruption, tahn fiat electronic payment, so maybe in the future yes, more cases of corruption could be possible in comaprison to know

this because bitcoin it's more hard to track if the one who corrupt, know how to hide his trace well, and it's also better than cash, because you can do it digitally with a wider range of targets

[steampunkz]

I think it depends on How people and government will use bitcoin. Like here in my country corruption is really a problem,   When people or government  official uses bitcoin for  paying  and funding some bad deeds  like  Un-authorized fixer, stealing  money in some government project like road widening, agricultural project, military equipment's and vehicles, ghost projects. Likely because bitcoin is easy to use and cannot be trace. Corrupted people cannot be caught easily because of using bitcoin.

[DoublerHunter]

Bitcoin can't lead to corruption because it is decentralized and even the government can't control bitcoin so i don't think there is a possibility for bitcoin to be controlled by any person in the world so it is very clear to us that bitcoin will not lead to corruption and to be honest, bitcoin will be one of the solution for that problem (corruption).

[doomistake]

Bitcoin can't lead to corruption because it is decentralized and even the government can't control bitcoin so i don't think there is a possibility for bitcoin to be controlled by any person in the world so it is very clear to us that bitcoin will not lead to corruption and to be honest, bitcoin will be one of the solution for that problem (corruption).

You got it right, I don't know what corruption does OP means because just like what you have said, bitcoin is made decentralized that is why the Government can't touch it, and Government can't do anything about it even though they want to do something about it because deep inside, I know that they are insecure about it because bitcoin's value is bigger than the fiat.

And even though they want to steal this to us, they can't, because they don't have the power to do so.

[Blackdeath]

You just said it yourself. Because of money corruption can always happen as not all politicians are as nice as they are appear on some people or the

voters rather. In the end people will still prioritize themselves and their preferred persons over strangers. Yah it is easy to track their transactions using

the blockchain explorer but most people uses multiple addresses and is still generating so how can you know if that particular address is theirs? . After

that they can just buy a hardware wallet, store it in a box and just bury it somewhere.  The problem is hiding the exchange of your fiat to bitcoin.

Bitcoin is different to fiat. First bitcoin is not legal in term that the government doesn't have the power to manipulate transactions of the users and the community of bitcoin. Meaning to say there is no particular people who will doing the assessment in terms of managing crypto-currency. While fiat is we all know the tangible currency which need auditor and manipulation by the government. Corruption is starting to the ones who seek for power but I guess doesn't have the power yet because it is not widely spread all over the country yet. But for the near future it is not surprising that it can happened.

[CODE200]

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 what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to corruption.

[flower1024]

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 what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to corruption.

Corruption is nothing but people need some benefits for doing their work so if they can consider bitcoin as a money then surely people can use it as a real money. Bitcoins are not leading for corruption but corrupted people wants money by any means so they can accept all these things. But some countries bitcoins are still not so popular so people may not accept bitcoins in those places.

[fanita]

what right the corruption that caused it, all of it only when the game is not funny

[Monnt]

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 what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to corruption.

But in a regulated environment, bitcoin may help government for preventing corruption. When the transactions should be made through public ledger, the possibilities of hiding or illegal transactions will will be less. But for this to happen, bitcoin/blockchain technology must get recognised and regulated so that the other measurements for preventing corruption could be possible to be implemented.

Bitcoin has many advantages, and public transactions will be biggest advantage for government to make use of. I'm sure we will be getting some revolution like this in near future.

[alani123]

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 what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to corruption.

But other than that, Bitcoin is quite popular among criminals because of its properties so it's no surprise that some people end up being corrupt only after they find out about Bitcoin.

[SHAWN-MIDWAYS]

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 what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to corruption.

But other than that, Bitcoin is quite popular among criminals because of its properties so it's no surprise that some people end up being corrupt only after they find out about Bitcoin.

With all the tools available like the mixing services and the alike its easy to see why criminals will opt for bitcoin

but truth of the matter is Bitcoin can only aid not lead to corruption because it does leave a money trail and is not as anonymous as we thought it was ,which can leave proof of corruption on the blockchain and get you busted for it.   

[neochiny]

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, anything that has a value or can be traded can be used in corruption, bitcoin is no different.

Since bitcoin can be sent or use anonymously(or almost) it is compatible to be used in bribery, laundering
illegal trading(black market trades) etc.. this feature gives advantage to any person who is going
to use it in such way.

[izanagi narukami]

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?

If bitcoin exist on my country in public, I think corruption will getting worse since bitcoin can't be tracked which become advantage for corruptor to move their money anonymously.
My country really against corruption and still not have decisive penalty for the corruptor although they have made our country loss more than $ 10 billion until now !

[just_Alice]

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 it can. Why not? It is still the money. I would say that bitcoin is much more convenient for corruptionists, as long as it is impossible for any outsider to track down the transaction. If you avoid obtaining cash through your bank card and only use your unique BTC address - you can always be in the sidelines. So basically bitcoin can even promote extension of corruption. But it has it's pros though)

[wuvdoll]

Corruption doesn't require anything to lead. Bitcoin due to its anonymity makes ease of the corruption process. Even without bitcoin most of the country governments and politicians are much corrupted. So when bitcoin serves better governments and politicians who know about it won't oppose it as it benefits them. This will serve as an added advantage for us the users.

I agree and actually anything that offers anonymity is good for the people while at the same time it also offers criminals some ease. You cannot blame bitcoins for this though since if you do so there are lot of things that needs to be stopped first.

Criminals are using mobile phones so let's ban that first and then they are using a lot of technology too, let's ban .. ah I see we are back to the olden age

[Forester618]

Corruption doesn't require anything to lead. Bitcoin due to its anonymity makes ease of the corruption process. Even without bitcoin most of the country governments and politicians are much corrupted. So when bitcoin serves better governments and politicians who know about it won't oppose it as it benefits them. This will serve as an added advantage for us the users.

I agree and actually anything that offers anonymity is good for the people while at the same time it also offers criminals some ease. You cannot blame bitcoins for this though since if you do so there are lot of things that needs to be stopped first.

Criminals are using mobile phones so let's ban that first and then they are using a lot of technology too, let's ban .. ah I see we are back to the olden age

With corruption both parties are guilty. And the one who gives bribe and one who takes. Bitcoin does not make life easier for corrupt officials. What is not secretly send cash? It seems to me that corruption can be defeated only by liberalization of the legislation. The less restrictions the less reason to pay bribes.

[00hash01]

Of course. Bitcoin will be much more convenient for corruption, because nobody is regulated and all greedy people will use it.