Aikidoka
Sr. Member
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Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
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April 23, 2017, 05:58:03 PM |
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In my opinion, everything leads to corruption if it is used in the wrong way.
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Jewell
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April 24, 2017, 06:57:23 AM |
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Bitcoin can also lead to corruption and can be linked to corruption after all corruption happens because of money and bitcoin is a form of money, a crypto currency so there is still corruption in bitcoin but it is hidden like how one commits corruptions because of a fiat currency. It is impossible for bitcoin, a currency to be corruption free.
Because bitcoin has anonymous and decentralized facilities it's perfect to hide your identity as well as the money you corrupt. Believe it or not they already use it Hide your identity as well as the money you corrupt, then thats laundering, not corruption. I don't think that the government will have a way to corrupt bitcoin because it is decentralized. They can't get anything out of it unless they own a site of bitcoin wallet or trading site. although it is against the laws of most of the countries to send or receive money without paying taxes on it. but as we can see that bitcoin is still not as considered as legal currency therefore we do not have to pay tax on bitcoin. i think governments will be thinking about to declare bitcoin as legal currency and then collect a lot of taxes on it. |
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traderethereum
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April 24, 2017, 07:21:33 AM |
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In my opinion, everything leads to corruption if it is used in the wrong way.
yes indeed and bitcoin have opportunity to leading to corruption. bitcoin in the right hand will be good but in the wrong hand, bitcoin will be bad thing that we can not imagine how its look like. i think this is not just bitcoin but in every aspect that we do, its depend on what our purpose to used and the result will follow. |
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SoulBargain
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April 24, 2017, 12:34:10 PM |
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In my opinion, everything leads to corruption if it is used in the wrong way.
yes indeed and bitcoin have opportunity to leading to corruption. bitcoin in the right hand will be good but in the wrong hand, bitcoin will be bad thing that we can not imagine how its look like. i think this is not just bitcoin but in every aspect that we do, its depend on what our purpose to used and the result will follow. It really is up to the user together with its motives and character. With a knife you can use as a tool in cooking a delicious meal but to others it can be used as a tool for committing a horrific murder scene. With a hand you can use it in various ways either to help or hurt yourself or others. In conclusion, any money or cryptocurrency or anything can be used in a right or wrong way that depends on the person or people. |
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speem28 (OP)
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April 24, 2017, 02:30:49 PM |
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Noo bitcoin is currency where you can only use to internet but if government used this bitcoin currency for them to stock their money maybe? Than using their own bank account where they can hide those billions transaction that they corrupt from people, It depends if they will used bitcoin or not its their choice not us  Yes, this is one of the best ways that the corrupt people in the government can do with their laundered and corrupted money from the people. This just supports the question that bitcoin can really lead to corruption. |
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speem28 (OP)
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April 24, 2017, 02:35:43 PM |
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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.Bitcoin has nothing to do with corruption.But instead of money,bitcoin would be used for corruption.No need to carry money.Just a click to send bitcoin frm the wallet would do the job. Bitcoin cant control the corruption neither help in corruption. Its just a money which can be used in anyway by the spender on this money. So we can never blame any currency for corruption. can't agree more with you, it's funny seeing people thinking that bitcoin could lead to corruption where bitcoin is literally transparent currency more than the fiat, people are lacking of knowledge but still talking bullshit everywhere. and one more thing, bitcoin don't have brain, it's only a currency as you say. I ought to disagree with you on this one, You're missing the point here and I think you are the one lacking knowledge about bitcoin.Even though bitcoin is a virtual currency or transparent as you said, it is still considered as money and the fact that it can't be traced means that if corrupt people use this, they can hide corrupted money from the people. |
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wicaksono
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April 24, 2017, 03:05:26 PM |
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I do not know it seems impossible because Bitcoin is a set of computer code that allows peer-to-peer payments. Bitcoin is designed as a decentralized currency with a transparent ledger, each transaction being tracked and shown publicly.
While the cause of corruption is the moral nature of human beings over the greed within them
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bravehearth0319
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April 24, 2017, 03:57:05 PM |
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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?
I do agreed, corruption is everywhere to all nations in the entire world. Moreover, only people who are so greedy do this things. they take advantaging the usage of Bitcoin in illegal activities they knew that Bitcoin can be use for good and bad purpose. But lets us not abuse it of course as much as possible. |
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majeed
Sr. Member
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Activity: 526
Merit: 253
Damn
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April 24, 2017, 05:26:07 PM |
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yeah I do think so. The corruption of Bitcoin is likely to happen in the future when there are too many altcoins exist and many advance function has been added to the new coin. When it happens, the prices of Bitcoin will drop down and no one will care about this coin anymore
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Baofeng
Legendary
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Activity: 2590
Merit: 1658
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April 24, 2017, 06:03:25 PM |
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Bitcoin can be used in both spectrum, good or bad. so it is possible that individual will used bitcoin to bribe and corrupt like government official for a favor return. And there are like several ways how the person who will received that money can't be track. Unlike in fiat where there is a paper trail that will lead to you.
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bartolo
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April 24, 2017, 06:45:39 PM |
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The corrupts don´t need bitcoin for their corruption. Bitcoin offers privacy in transactions, true, just like bank accounts in tax havens. The corrupts have already their system and will not change it to adapt it to a currency that banks don´t like, especially when they don´t need it and because bitcoin, after all, always leaves a trace.
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Rinder
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April 24, 2017, 08:37:18 PM |
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Bitcoin can be used for multiple things, corruption is one of them, i doubt someone is doing this, because bitcoin does allow to remain hiden at all, lets suppose i wanna pay you to accept my companie, i will pay to your adress, soo if something happens i just need to show your adress, and since its public all will see those. Bitcoin has been used and remains for good purposes as well for bad purposes.
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carlerha
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April 25, 2017, 05:32:35 AM |
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yeah I do think so. The corruption of Bitcoin is likely to happen in the future when there are too many altcoins exist and many advance function has been added to the new coin. When it happens, the prices of Bitcoin will drop down and no one will care about this coin anymore
i do not think that such activities can harm bitcoin so much, because bitcoin itself is not responsible for that. as we can see that there may not be a sing currency which may not be use for corruption, even the USD and all other currencies may be used for corruption but still USD is one of the most popular fiat currency of the world. |
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lordquanta
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April 25, 2017, 07:15:04 AM |
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Bitcoin is a currency. Corruption has nothing to do with what type of currency or asset is used. Corruption is result of greed. Currency is mode of transfer of wealth/value.
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SingAlong
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April 25, 2017, 07:22:56 AM |
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Bitcoin is a currency. Corruption has nothing to do with what type of currency or asset is used. Corruption is result of greed. Currency is mode of transfer of wealth/value.
Yep I agree. Corruption can happen anywhere because it is up to the people really particularly those who are corrupted and the value and morals that is instilled within them is not that praiseworthy because of their not that nice deeds which result bad especially for others whether they are conscious about it or not or just simply they don't care at all. |
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giveen
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April 25, 2017, 07:46:55 AM |
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There isn't anything lead it's already too late. Many people have already converted their black money to white through the use of bitcoin. By the time most of the government realised something like bitcoin existed it was just too late. It was a i think still is the main source of payments on darkweb.
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roadbits
Legendary
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Activity: 1092
Merit: 1000
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April 25, 2017, 03:10:37 PM |
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There isn't anything lead it's already too late. Many people have already converted their black money to white through the use of bitcoin. By the time most of the government realised something like bitcoin existed it was just too late. It was a i think still is the main source of payments on darkweb.
Bitcoin is leading to corruption I agree, but how the block money is converted to white through this Bitcoin, i am not understood, because in my country no one will give bitcoins for a fiat currency that means for hand cash. If we buy coins from a bank account, it is white money. Only if we buy coins with the mode of hand cash, it is black money. Maybe in real casino's, it is possible, but I am not sure. |
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Ewox
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April 25, 2017, 05:22:53 PM |
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In my opinion, everything leads to corruption if it is used in the wrong way.
I agree especially if it'll involve the government (which I doubt will happen anytime soon) and if the people becomes so greedy; corruption will take place. |
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Malsetid
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April 26, 2017, 12:42:41 PM |
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In my opinion, everything leads to corruption if it is used in the wrong way.
I agree especially if it'll involve the government (which I doubt will happen anytime soon) and if the people becomes so greedy; corruption will take place. Which is not rrally that impossible with btc. It involves money of course, which ultimately is the cause of greed. I think anything that is connected with miney is automatically prone to corruption. It's likely that the bigwigs would be taking advanatge of the regilar users like hs. The sad thing is, in thus world, corruption has a very strong grip that normal people like us would juat have ti accept since we won't be able to do anything |
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DrGuns4Hands
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April 26, 2017, 01:22:37 PM |
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I'm thinking about it too if in bitcoin if there's any corruption going because we all know that bitcoin is holding a huge money. the one that make me think more because bitcoin has no tax at all that's why im thinking really if there's any corruption that's happening inside bitcoin. but i don't think there is because it's encrypted.
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