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Author Topic: Can Bitcoin also lead to corruption ?  (Read 50880 times)
mrcash02
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April 14, 2017, 02:05:28 AM
 #81

Yes, Bitcoin is money and it can be used for almost everything. It can buy stuff, opinions, love... And using BTC for illegal activities is a kind of corruption also. The problem isn't to have corruption existing in the world, the problem is to don't have punishments for the thieves, criminous persons.

Corruption will always exist, we just need to make all of them pay for their crimes, using the local laws that depend from one to another country.

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April 14, 2017, 02:33:49 AM
 #82

Corruption with bitcoin ? It can't happen really. I'm aware you can hold any amount of money in the form of bitcoin. But, bitcoin is just product and services category, meaning you have to buy it with really money. Where does from real comes? Well from our bank accounts, using them we can buy bitcoins! So, when you have your real money it goes through your bank accounts, which can not be heed from government. So, if you are processing big amount of money then your bank will know where is it going. Most important bitcoin has virtual form. There is dark market for it. Bitcoin when transacted is confirmed by thousands of confirmations. So, being anonymous it is not for those who wants corruption. :-)
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April 14, 2017, 10:27:17 AM
 #83

Bitcoin when converted to fiat can be used in corruption. Did you read the news regarding an Indian corrupt police who withdraw the bitcoin they got from the drug dealers they arrested?

https://www.cryptocoinsnews.com/rogue-indian-drug-agent-caught-stealing-bitcoins/

He worked with the drug dealers he arrested so that they can got the bitcoins for them. So this leads me to believe that bitcoin can be used and lead to corruption in our society.




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April 14, 2017, 10:50:01 AM
 #84

The transparency of bitcoin that saving up every transaction happened in an address will really become an obstacle for someone to corrupt the money unless they're using reliable kind of bitcoin mixer that could make their traces disappear even though there's still possibilities that after you're mixing the coin, someone still have the way to trace. It seems that people here often said the anonymity of bitcoin will really help to corruption to exist but from my opinion, it's definitely wrong.
Just mention one fiat that could leave traces as obvious as bitcoin and my statement is invalid.

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April 14, 2017, 11:37:50 AM
 #85

Bitcoin is Money.

And people will always desire money and more money that they would normally get.
And this leads to corruption, thieves and all the illegal stuff.

Bitcoin will not change anything.
People will still take bribes, people will still steal and will still do shady deals.

Neither gold nor bitcoin or any form of currency can't stop something that is a part of human society.

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April 14, 2017, 11:43:08 AM
 #86

Bitcoin is Money.

And people will always desire money and more money that they would normally get.
And this leads to corruption, thieves and all the illegal stuff.

Bitcoin will not change anything.
People will still take bribes, people will still steal and will still do shady deals.

Neither gold nor bitcoin or any form of currency can't stop something that is a part of human society.

Potato's can lead to corruption, because when you are hungry you will do anything just to eat potato's in the end. Poverty and social injustice leads to corruption, and every man have a weak spot, some people ate very good in finding what it is, they can bribe anyone because we all have wishes for something.
I think as long as this social situation stay the same, we can't expect end of corruption.

 
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April 14, 2017, 02:19:53 PM
 #87

Bitcoin when converted to fiat can be used in corruption. Did you read the news regarding an Indian corrupt police who withdraw the bitcoin they got from the drug dealers they arrested?

https://www.cryptocoinsnews.com/rogue-indian-drug-agent-caught-stealing-bitcoins/

He worked with the drug dealers he arrested so that they can got the bitcoins for them. So this leads me to believe that bitcoin can be used and lead to corruption in our society.
That what happened, with drug agent withdrawing the bitcoins that were owned by drug dealers is only an incident.
In my opinion, it should not lead to conclusion that bitcoin can corrupt everyone in the society.

I think that most of the precious thing may lead to bad things, because humans have desires, which they want to make true.
That is why all is up to particular person righteousness and character- if the unit is doing bad things for money, or would not hesitate to- bitcoin may easily lead to corruption.
But if someone is a regular hardworking citizen of some country, why would bitcoins make him corrupted? It is just a different form of money, instead of USD or any fiat, it is a cryptocurrency.

 
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April 14, 2017, 03:03:49 PM
 #88

Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.     
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April 14, 2017, 03:16:00 PM
 #89

Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.     
I agree with you. Weapons can also help the offender to commit the crime, and maybe Vice versa to save a man from the criminal. It all depends on whose hands it is in. Same thing with any values, not just with bitcoin.
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April 14, 2017, 03:43:36 PM
 #90

Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.     
I agree with you. Weapons can also help the offender to commit the crime, and maybe Vice versa to save a man from the criminal. It all depends on whose hands it is in. Same thing with any values, not just with bitcoin.

Illegal activities most of times were related into money,so btc as well is prone to be attack by bad people, bitcoin has nothing to do with it ,it is us people who decides on whatever we wanted to deal with bitcoin. Lets just hope bitcoin will be used only for the good benefits of everyone.

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April 14, 2017, 03:56:39 PM
 #91

Yes, Bitcoin is money and it can be used for almost everything. It can buy stuff, opinions, love... And using BTC for illegal activities is a kind of corruption also. The problem isn't to have corruption existing in the world, the problem is to don't have punishments for the thieves, criminous persons.

Corruption will always exist, we just need to make all of them pay for their crimes, using the local laws that depend from one to another country.


Why you and most of the blaming bitcoin and compare with illegal actives and terrorism. I am not been long time in the forum and I can understand that its completely politics over BTC.
If bitcoin arises and started using bitcoin as a legal money then every thing will be recorded in that concern bitcoin addresses and no one can corrupt once every transaction is been opened to all.
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April 14, 2017, 04:03:29 PM
 #92

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 as its individual identity doesn't involves corruption. Being an open-source traceable currency you can't expect corruption in its ecosystem. Until and unless if you consider paying high fees to miner to speed up confirmation process to be a bribe. Cheesy
Well coming to other side. The money value of Bitcoin remove every expectation of utopia. In case of Bitcoin too, human greed pops up leading to corruption as usual. 


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April 14, 2017, 04:05:55 PM
 #93

Bitcoin when converted to fiat can be used in corruption. Did you read the news regarding an Indian corrupt police who withdraw the bitcoin they got from the drug dealers they arrested?

https://www.cryptocoinsnews.com/rogue-indian-drug-agent-caught-stealing-bitcoins/

He worked with the drug dealers he arrested so that they can got the bitcoins for them. So this leads me to believe that bitcoin can be used and lead to corruption in our society.
That what happened, with drug agent withdrawing the bitcoins that were owned by drug dealers is only an incident.
In my opinion, it should not lead to conclusion that bitcoin can corrupt everyone in the society.

I think that most of the precious thing may lead to bad things, because humans have desires, which they want to make true.
That is why all is up to particular person righteousness and character- if the unit is doing bad things for money, or would not hesitate to- bitcoin may easily lead to corruption.
But if someone is a regular hardworking citizen of some country, why would bitcoins make him corrupted? It is just a different form of money, instead of USD or any fiat, it is a cryptocurrency.
There have been other incidents though... If you look at the FBI investigation of the first Silk Road, you'll find that there was also a rogue agent there who enriched himself.
I'm not saying that it happens more often with Bitcoin, but it's definitely happening more often than you'd think!

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April 14, 2017, 04:24:34 PM
 #94

Yes, Bitcoin is money and it can be used for almost everything. It can buy stuff, opinions, love... And using BTC for illegal activities is a kind of corruption also. The problem isn't to have corruption existing in the world, the problem is to don't have punishments for the thieves, criminous persons.

Corruption will always exist, we just need to make all of them pay for their crimes, using the local laws that depend from one to another country.


Why you and most of the blaming bitcoin and compare with illegal actives and terrorism. I am not been long time in the forum and I can understand that its completely politics over BTC.
If bitcoin arises and started using bitcoin as a legal money then every thing will be recorded in that concern bitcoin addresses and no one can corrupt once every transaction is been opened to all.

when someone really not bad intentions,whatever we tell them no matter how we avoid them,they will definitely find a way to make their idea done,just like in our government there are lots of law anti corruption but they still does,so what we should need to do is take extra security on our btw as well as to control ourselves not to be greedy and be always on the right path.

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April 14, 2017, 05:00:59 PM
 #95

Everything that gives you power to buy goods and services can learn to corruption. It doesn't matter if its fiat, gold, or any crypto, corruption is inherent in mankind, and will never disappear.
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April 14, 2017, 05:27:39 PM
 #96

Everything that gives you power to buy goods and services can learn to corruption. It doesn't matter if its fiat, gold, or any crypto, corruption is inherent in mankind, and will never disappear.
I think there could be a way for btc to prevent corruption if it wasn't pseudonymous. There could be a law which requires every important person to have only one wallet and make the adress public. In such a case everybody would be able to see how money comes or goes away from this wallet. Nevertheless, as it is not what btc is meant for and it is even not possible with bitcoin, it can surely be a part of corruption and perhaps work even better than fiat since no fake person is needed to preserve lots of money.

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April 14, 2017, 05:44:51 PM
 #97

Yes.  If anything Bitcoin can lead to corruption much more quickly than fiat in its current form, because it makes some people huge profit which makes them corrupt and it's also much easier to control a significant amount of the network because of the reasonably low current price.  Jihan Wu has control over a huge amount of the total network hashrate despite not being one of the richest people in the world.  It may seem insignificant because banks control all of digital fiat, it means that he personally owns a huge amount of the new income in the network.

There can also be corruption from developers, which loads of people, rightly or wrongly, accuse of corruption in many instances.
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April 14, 2017, 10:49:05 PM
 #98

Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.     
yes that is right and bitcoin is money, so it can lead corruption but i think we cannot blame bitcoin for that, as if bitcoin was not introduce they will then find other ways for corruption. but they are not going to stop corruption, as corruption is in their nature.
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April 15, 2017, 05:57:04 PM
 #99

Yes, Bitcoin is money and it can be used for almost everything. It can buy stuff, opinions, love... And using BTC for illegal activities is a kind of corruption also. The problem isn't to have corruption existing in the world, the problem is to don't have punishments for the thieves, criminous persons.

Corruption will always exist, we just need to make all of them pay for their crimes, using the local laws that depend from one to another country.


Why you and most of the blaming bitcoin and compare with illegal actives and terrorism. I am not been long time in the forum and I can understand that its completely politics over BTC.
If bitcoin arises and started using bitcoin as a legal money then every thing will be recorded in that concern bitcoin addresses and no one can corrupt once every transaction is been opened to all.

when someone really not bad intentions,whatever we tell them no matter how we avoid them,they will definitely find a way to make their idea done,just like in our government there are lots of law anti corruption but they still does,so what we should need to do is take extra security on our btw as well as to control ourselves not to be greedy and be always on the right path.


Do you believe that laws are been followed by the politicians and Government employees. In simple people welfare schemes also they are corrupting and giving tender to big whales. This is why they simply fear about bitcoin and its not be legal in most of the countries.
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April 15, 2017, 06:08:35 PM
 #100

Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.     
yes that is right and bitcoin is money, so it can lead corruption but i think we cannot blame bitcoin for that, as if bitcoin was not introduce they will then find other ways for corruption. but they are not going to stop corruption, as corruption is in their nature.

It's not bitcoins fault, corruption has been with mankind thousand of years and I don't think using bitcoin is an exception to that. As you have said, bitcoin is money, so if greed takes over from someone's mind, people are more willing to act dishonest in return of bitcoin for personal gain.



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