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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50873 times)
Celsiuss
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June 06, 2017, 09:07:41 PM
 #461

Corruption has always existed in the entire history. I doubt bitcoin will increase this somehow. It could maybe because of how easy and anonymous it is, but anything significant is unrealistic. People who does corruption, may prefer using bitcoin to stay anonymous, but still I don't think the amount of corruption will increase anyhow.

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June 06, 2017, 09:22:05 PM
 #462

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. I can conclude thar bitcoin really leads to corruption, specially on micro jobs payment handled by different managers, who knows the true honesty from those anonymous people whom we happen to know just in the services jobs.
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June 07, 2017, 12:44:05 AM
 #463

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. I can conclude thar bitcoin really leads to corruption, specially on micro jobs payment handled by different managers, who knows the true honesty from those anonymous people whom we happen to know just in the services jobs.

When money were involved many will get intersted on it in any ways, it may be corruption by an individual or society.


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June 07, 2017, 12:51:19 AM
 #464

Corruption has always existed in the entire history. I doubt bitcoin will increase this somehow. It could maybe because of how easy and anonymous it is, but anything significant is unrealistic. People who does corruption, may prefer using bitcoin to stay anonymous, but still I don't think the amount of corruption will increase anyhow.
People getting blinded by bitcoin feature and often repeat that bitcoin is an absolute anonymous currency whereas it's definitely wrong. Bitcoin itself is more transparent than any currency ever existed. Everything can be traced, transaction history always saved up in the blockchain and can be accessed by anyone. I'm wondering whether those people who said that Bitcoin could lead to more corruption ever have time to read or barely have the competence to read the Wikipedia. But, the obvious thing here, they know nothing.

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June 07, 2017, 01:23:06 AM
 #465

Corruption has always existed in the entire history. I doubt bitcoin will increase this somehow. It could maybe because of how easy and anonymous it is, but anything significant is unrealistic. People who does corruption, may prefer using bitcoin to stay anonymous, but still I don't think the amount of corruption will increase anyhow.
People getting blinded by bitcoin feature and often repeat that bitcoin is an absolute anonymous currency whereas it's definitely wrong. Bitcoin itself is more transparent than any currency ever existed. Everything can be traced, transaction history always saved up in the blockchain and can be accessed by anyone. I'm wondering whether those people who said that Bitcoin could lead to more corruption ever have time to read or barely have the competence to read the Wikipedia. But, the obvious thing here, they know nothing.
All that what you've mentioned is correct. There is much transparency in the transaction than any other digital currency, but you doesn't know the end to end user. This is what makes it more convenient for the purpose of corruption. In my view bitcoin is made good, but the people has made it advantageous based on their​requirement.

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June 07, 2017, 01:39:17 AM
 #466

No matter how much corruption invests, if the government begins to take action by freezing bitcoin exchanger in that country and intimidating transaction access to the suspect's bank account. I think it's a pretty serious technical problem. We can see from what the China government did in the past.

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June 07, 2017, 01:44:32 AM
 #467

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?
Whether bitcoin exists or not,corruption would exist.It has nothing to do with corruption.But since bitcoin is psuedo anonymous and easy to receive in wallet,corrupt people may ask other person to give bribe in bitcoins.

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June 07, 2017, 04:01:50 AM
 #468

This is the thing that has to be resolved, I am pleased not so anonymous bitcoin can be accountable to the Government, it's time to wallet provider requesting the original user identity verification so that bitcoin is not used for illegal transaction.
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June 07, 2017, 04:27:45 AM
 #469

This is the thing that has to be resolved, I am pleased not so anonymous bitcoin can be accountable to the Government, it's time to wallet provider requesting the original user identity verification so that bitcoin is not used for illegal transaction.
Nope i think it will make bitcoin become not famous anymore. You should know that the one that makes the famous bitcoin is because of anonymous and decentralized bitcoins?

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June 07, 2017, 09:15:23 AM
 #470

With a very high security levels so I'll make sure that the corruptor will save their money to bitcoin, this is because if they save money in the bank can be easily tracked so they will keep to bitcoin.


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June 07, 2017, 09:19:05 AM
 #471

With a very high security levels so I'll make sure that the corruptor will save their money to bitcoin, this is because if they save money in the bank can be easily tracked so they will keep to bitcoin.

A corrupted money can still be saved in banks, you can just tell another person or individual to make a bank account, you give it to that man and deposit your corrupted money to the bank account of that individual, it is easy right. You can also do it in bitcoin, thkugh it is more easy on banks, there are a lot of people without a bank account, that just means, there are still many bank accounts that can be created and be used to save those corrupted money.
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June 07, 2017, 11:48:39 AM
 #472

Any valuable thing can be used to develop corruption. A bitcoin is also convenient and the fact that he is anonymous.

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June 07, 2017, 05:48:10 PM
 #473

Corruption has always existed in the entire history. I doubt bitcoin will increase this somehow. It could maybe because of how easy and anonymous it is, but anything significant is unrealistic. People who does corruption, may prefer using bitcoin to stay anonymous, but still I don't think the amount of corruption will increase anyhow.
People getting blinded by bitcoin feature and often repeat that bitcoin is an absolute anonymous currency whereas it's definitely wrong. Bitcoin itself is more transparent than any currency ever existed. Everything can be traced, transaction history always saved up in the blockchain and can be accessed by anyone. I'm wondering whether those people who said that Bitcoin could lead to more corruption ever have time to read or barely have the competence to read the Wikipedia. But, the obvious thing here, they know nothing

This is obviously not so for a host of reasons

While on-chain Bitcoin transactions are certainly far from being truly anonymous (Bitcoin is rightfully considered as a pseudo-anonymous currency), these are definitely not the only possibility of transferring value with Bitcoin. For example, transactions within the same web wallet are made in-house, i.e. they don't ever get written on the blockchain. Transactions between exchanges as well as cashing out can be made via exchange codes or coupons (so-called vouchers), and these don't involve blockchain either. You can even use special physical wallets (say, OpenDimes) to make hand-to-hand transactions in pretty much the same way you transact with cash

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June 08, 2017, 09:54:06 PM
 #474


This is the thing that has to be resolved, I am pleased not so anonymous bitcoin can be accountable to the Government, it's time to wallet provider requesting the original user identity verification so that bitcoin is not used for illegal transaction.
Yeah one way to make bitcoin become legal and accepted by government. Is to make the user controllable and visible. But will it violate the original properties of bitcoin? How do you think?

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June 10, 2017, 09:13:49 PM
 #475

This is the thing that has to be resolved, I am pleased not so anonymous bitcoin can be accountable to the Government, it's time to wallet provider requesting the original user identity verification so that bitcoin is not used for illegal transaction.
You can not remove anonymous from bitcoin because that is the true nature of bitcoin. I think that's what makes special bitcoin from other currencies because bitcoin is different
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June 10, 2017, 10:28:47 PM
 #476

It seems that it will be very difficult to do, because the bitcoin system is very tight and tidy difficult to penetrate, if it can be corrupted may have long been heard the news a lot of bitcoin user funds are reduced, the fact that until now if the bitcoin there is corruption
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June 10, 2017, 11:23:20 PM
 #477

It seems that it will be very difficult to do, because the bitcoin system is very tight and tidy difficult to penetrate, if it can be corrupted may have long been heard the news a lot of bitcoin user funds are reduced, the fact that until now if the bitcoin there is corruption

YOu need to know that everything can be used for a bad purpose and because of that fact, the corruption can happen in the future when there are many people using bitcoin. And of course, we have to prepare for this sutuation so that we know what to do
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June 10, 2017, 11:28:09 PM
 #478

Yes i does,bitcoins can lead the world into corruption if those big bitcoin holders exchange and all huge investors will have a great desire of money and will use bitcoin to get it all,like what other said bitcoins is a money a currency which is the always cause of why we have this corruption all about money

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Gaff
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June 11, 2017, 08:31:42 AM
 #479

No matter how much corruption invests, if the government begins to take action by freezing bitcoin exchanger in that country and intimidating transaction access to the suspect's bank account. I think it's a pretty serious technical problem. We can see from what the China government did in the past.
You have a point there. Investors who have invested such big amount of money will somehow corrupt but it is a case by case basis. Bitcoin is a discrete transaction as of now because other people are hesitant to believe because of this situation that perhaps it may lead to corruption. At first glance, it is catchy to those who are interested to grow in changing their dreams to reality. Technically, everything will depend on something.
Lumada
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June 11, 2017, 09:15:00 AM
 #480

No matter how much corruption invests, if the government begins to take action by freezing bitcoin exchanger in that country and intimidating transaction access to the suspect's bank account. I think it's a pretty serious technical problem. We can see from what the China government did in the past.
You have a point there. Investors who have invested such big amount of money will somehow corrupt but it is a case by case basis. Bitcoin is a discrete transaction as of now because other people are hesitant to believe because of this situation that perhaps it may lead to corruption. At first glance, it is catchy to those who are interested to grow in changing their dreams to reality. Technically, everything will depend on something.

thinhs may happen if it will going to happen. It will be just a matter of decision msking on how they wanted to threat situations but btc were really prone in corrupption in any ways.


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