Can Bitcoin also lead to corruption ?

[ValeryBark]

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

How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?

[Xester]

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

How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?

When you use bitcoin it is much easier for corrupt people to do some corruption but not on big amounts but rather on average amounts only to avoid the eyes of the Central Banks. When using bitcoins you can just make a false description when sending then nobody will suspect you and it is much easier to carry it than checks or actual money.

[sevendust777]

I think bitcoin possible can lead to corruption since bitcoin cannot be controlled by the government. This can easily touch by other people to do some bad things just like in the government.

[JeffBrad12]

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

How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?

The pseudonymous aspect of bitcoin was giving enough coverage for our money about to keep the privacy.
But the amount on the account or wallet can be traceable. Although if you're sending it through the mixer site and it will increase the pseudonymous of bitcoin to the anonymous coin because no one can trace your amount. It is possible for bitcoin to being a simple method for the corruptors.

But what has done by PBOC can be a good example for us about how the government's power can make an intervention on the crucial part of crypto itself (exchange site).

[GooCust04]

Bitcoin can develop corruption because of the lack of control and circulation of illegal terrorist funds. To avoid this, it must be made completely legal.

[ChronoLite]

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 that's impossible also will be a good field to them to do corruption and in worst scenario they will hide the transaction using any Bitcoin mixer so government is really hard to trace the transaction coming to the address.

[digaran]

Good question, now another one: can a woman sell her body for money to several strangers or just be married to one person for her entire life?
Still bitcoin isn't even like that lol. being trustless, immutable, coded to be decentralized alone can eliminate any threat of corruption.
Bitcoin mining works in such a way that even if centralized like more or less bitmain is a branch of a central bank for bitcoin even though not yet that powerful, but it's in their best interest to serve the network in the best possible manner and keep the network functional.

Genius of Satoshi where he designed a system that even if centralized those in power would have to serve the entire system-community unlike traditional banking mafia.

[romero121]

I think bitcoin possible can lead to corruption since bitcoin cannot be controlled by the government. This can easily touch by other people to do some bad things just like in the government.

As quoted it is possible to do such bad things with bitcoin, at the same this can be sought outif every country accept and regulates bitcoin. Governments are always corrupted and now very few politiciansare knowledge to know about its existence, else more of them might have started using it.

[MMA]

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

How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?

When you use bitcoin it is much easier for corrupt people to do some corruption but not on big amounts but rather on average amounts only to avoid the eyes of the Central Banks. When using bitcoins you can just make a false description when sending then nobody will suspect you and it is much easier to carry it than checks or actual money.

i think we cannot blame bitcoin for illegal activities as the corrupt people find ways for their illegal activities. if bitcoin was not introduce then they will find other ways for their corruption but they will continue their such kind of activities in any case.

[bartolo]

The thing is that corruption does not even need the money to appear. There is a type of corruption that is based on favors. In making decisions as a ruler that will favor the interests of a company and later, when the ruler no longer has the power ends up working for that company. Here there is no payment of money nor do you have to worry about currency movements but there is also corruption.

[Pab]

Any kind of money,goods can be used for corruption,i think btc is last possible becouse transactions are public

[naidray]

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).

Actually some wrongdoer's are using bitcoins to their advantage. Since bitcoins can't be traced they are using it for money laundering and some even for criminal activities, also bitcoin's are not centralized therefore there is no proof or ID needed to use them, which though is a very nice advantage since its the first currency for people but at the same time criminals can also us it.

It is like " friction is a necessary evil " and similarly its bitcoins, we all need them though some people use it for wrong activities.

[darkangel11]

Any kind of money,goods can be used for corruption,i think btc is last possible becouse transactions are public

The addresses are public, but how do you know who owns them?
If I were a corrupt politician that takes bribes in bitcoin, I wouldn't reveal my address or move my coins until I'm long gone from the office. To be on the safe side I wouldn't even receive the bribes to my own address, but use a middleman, like a friend or a distant relative. That person would keep the coins while I'm in office, in case someone ever decided to investigate me and seize my computer.

[kidoseagle0312]

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 also know that bitcoin is very open to use for legal and illegal purposes. Depending on the purpose of the bitcoin user, but as much as possible we shouldn't abuse the goodness features of bitcoin. And in my idea, to d some corruption are the people whose in the government or whaler investors in business world.

[vasrasus]

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 also know that bitcoin is very open to use for legal and illegal purposes. Depending on the purpose of the bitcoin user, but as much as possible we shouldn't abuse the goodness features of bitcoin. And in my idea, to d some corruption are the people whose in the government or whaler investors in business world.

we should not really abuse the goodness bitcoin offers to us, we should control ourselves for not being greedy and the government  should not interfere regarding bitcoin for there were more lot problems they should settle first.Having bitcoin is for the freedom of everyone without high taxes or ruler.

[dearbesz1219]

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

How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?

I do agreed on you, but as long as we can maintain the good reputation of bitcoin let us not use it for any bad purposes. even we knew is an open source but never abuse it of course. This statement is for the community who are greed and abuser to do corruption.

[Yanisumin]

Of course it will, man has naturally have a desire in fame and power, some are being blinded by money when going to tht top, some are going to destry others just to get rich. The concept of wealth has been the major problem why there are theft and robbery, bribary and corruption.

Bitcoin of course is wealth and a treasure, of course in this field curruption is everywhere. ( Not even mentioning the transactions in the darknet). This is a human nature, this will exist unless the concept of weatlh exist unless all human desire for peace and contentment.

[Sled]

Bitcoin can really lead us to corruption because it is very vulnerable for that. They just need a lot of money then they can do corruption with bitcoin and they will abused the good terms that is in bitcoin. We are all used in corruption and we don't need to be surprise if bitcoin will be the next instrument for them to use in corruption but let just hope those will not happen.

[Pattart]

I think bitcoin possible can lead to corruption since bitcoin cannot be controlled by the government. This can easily touch by other people to do some bad things just like in the government.

because of the nature of the anonymous and decentralized bitcoin it makes users can not be tracked. and it is an opportunity to use bitcoin corrupt morning as helpers of their corruption?

[(altair)]

You already said it,money is the root of corruption,bitcoins is a money wether it is digital or can be use in physical shops.All money and currency can be use in corruption or money laundering.So yes bitcoins may lead to corruption anytime