Can Bitcoin also lead to corruption ?

[roger2000]

Bitcoins and all anonymous payment systems are best ways to pay bribes.
But low level bribes with one to four hour transaction time probably will not works 

PS. Non anonymous payment systems will not stop bribes either.

[lobo13hf]

I think it will not lead corruption due to bitcoin community was noy covered by any government. However there's a possibility that bitcoin leads corruption if the government of different nation joint forces to take over the power of authority to bitcoin.

That could only possible if the "different nations" were owning majority of bitcoin and probably above 70% then they could take over the power of authority, bitcoin is decentralized so it's a hard try for them, talking about corruption, it's not about corruption that caused by the involvement of the government but corruption in some instances that uses bitcoin as their currency, but I think it'll be impossible, all the transaction have been recorded in the blockchain and it'll be there forever.

[Bakugan]

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 soon as the government entered bitcoin then that is the start of corruption for me because we all know that government wants all the people's moneybas if they should hold all the money and give just a small amout to people.

[gunhell16]

IT is and will be , as we all know corruptions are all over the world and some corrupt politician were caught through their accounts at the bank!
theres a paper for evidence that well elaborate all of their transactions from withdrawals to deposits .. but when bitcoin will do it for them you cant ahve any evidence as bitcoin transfer in anonymous way those withdrawals and deposits and all imaginary after wards and there will be 100% clean transaction with no trace of evidence !

[drachman]

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, I believe that there's a possibility becauae still, it involves money. And as long as money is involved into something, corruption will always be present. I'm nit sure on how corruption works in Bitcoin since it is decentralized, maybe it is on ICO projects or campaigns which is related to Bitcoin something like that.

Corruption in bitcoin will work exactly as corruption in fiat, a politician is going to receive a payment in bitcoin or with an anonymous coin like monero or dash and then they are going to erase their tracks and finally they are going to enjoy that money with impunity.

[Japinat]

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, I believe that there's a possibility becauae still, it involves money. And as long as money is involved into something, corruption will always be present. I'm nit sure on how corruption works in Bitcoin since it is decentralized, maybe it is on ICO projects or campaigns which is related to Bitcoin something like that.

Corruption in bitcoin will work exactly as corruption in fiat, a politician is going to receive a payment in bitcoin or with an anonymous coin like monero or dash and then they are going to erase their tracks and finally they are going to enjoy that money with impunity.

Exactly, the only difference is that they can make a faster transaction and even an anonymous one, its their option but when we make illegal activities we are subject to one punishment depending on the law of our country and that is regardless of what currency we are using to carry out transactions.

[sofi@]

I think yes anyone can buy bitcoins without limitations meaning any government official can acquire bitcoin using the money they get from corruption they can store it there and nobody can learn that instead of putting it in a bank they choose bitcoin it would be a big danger if corrupt officials will use bitcoin to keep their corrupted money

[Jake052478]

anything that involves cash/money is always susceptible to corruption.  When Bitcoins used to pay transactions, then bitcoins will not be exempted to theft or corruption.  The transfer of this cryptocurrency is much easier than bringing bags of cash.  Since bitcoins are not yet regulated in some countries and therefore no legal basis, then it is more prone that they will use this currency to gain in the legal or illegal way....

[man1996]

Yess this is the greatest disadvantage of bitcoin.The payment which we receive is in black and the government or any other organization doesn't have any information about this payment.So people can tranfer as much money as they want to other people's account and they can continue their illegal business.

[Latviand]

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?

It is really easy to do corruption while doing bitcoin transactions. It is paperless and leaves no trace can be done everywhere and anytime as long as there are the neccessary items needed in the place that you are. It is jot regulated by some laws and you can encash and save and hide it.

[Mobshady24]

If you read some past news and issues in some areas about fraud and scam, most of it are involved by bitcoin. I think due to its anonymity that's why it is mostly accepted by scammers as payment, they can't be chase that easily. Corruption is always there as long as there is a money in a conversation, greed will be always a nature of a human.

[Strught85]

Of course, you are right completely. Bitcoin can direct to corruption as handle of sender and receiver is nameless which can make it one of the most secure techniques to transfer bribes.

[VenessaShillerqzx]

Bitcoin is a currency so what makes you think it would be safe from corruption? Isn't buying illegal things and money laundering through bitcoin a form of corruption? Bitcoin is not leading to corruption, it IS drenched in corruption the moment people realize they can do all sort of things in bitcoin.

All illegal activities are fine except those money laundering, child pornography, torturing etc. type things.

[youdacapt]

This is where the official regulation should be used by the government, the same thing will happen to fiat if not regulated, bitcoin increases the chances of corruption but can still be traced to every flow of transactions, the government can also apply kyc/aml in every rule, so the point is that the government is not willing to open up to bitcoin, bitcoin can actually be useful for everything including taxes.

[LieTOme]

now this btc can be a tool to launder money. many countries also find typical bitusin used for corruption is indeed one of the shortcomings of bitcoin in utilizing most people for irresponsibility

[SiDtHeBeSt]

Bitcoin is a type of currency, and any type of currency can lead to corruption, so yeah bitcoin also may lead to corruption

[Koadharber]

Bitcoin is a type of currency, and any type of currency can lead to corruption, so yeah bitcoin also may lead to corruption

It can really lead to corruption knowing that Bitcoin is an anonymous thing which people who do have bad intentions on corrupting money would really be succesful to hide those funds since no one could able to trace or know on whose the one is the owner of such wallet.Its sad to know but this is infact the reality on bitcoin too and we should accept that there are people who would really use for this kind of intention.

[Mrsmants]

It can occur when the rat rat nation is aware of bitcoin, then the nation is destroyed because of people who use bitcoin as a device of corruption.

[faceoff97]

Honesty saying, bitcoin was made to handle and control your wealth without anyone's intervention. Thus, thua only mean that it can be used in whatever purpose you want even corruption. This would be easiest way to make some hidden wealth which most politician really does.if politician easily do corruption with the normal currency how much more with crypto. The truth is, bitcoin might be even used for drugs and other illegl activity. 

[8270thNinja]

Of course, Indeed it will lead to corruption, Greediness can also lead to corruption. Bitcoin has a value, it is a money, a currency. corruption can also happen between each bitcoin enthusiasts and Bitcoin developer or into bitcoin system, We really don't know. But the thing here is that you should know that bitcoin is a currency and any currency has an issue on corruption WHICH MEANS, Bitcoin can surely lead to corruption.