Can Bitcoin also lead to corruption ?

[jossiel]

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

Exactly, corruption is everywhere as long there is money involve whether it is crypto or not they will exist.

And for those corrupt people they really can see the advantage upon using bitcoin because of it's anonymity.

They can't be tracked when they start using this for that purpose but I don't encourage people to use this in corruption.

This is a great invention that be used properly but it's a fact that there are people that will abuse it.

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[raven7886]

Bitcoin can't lead to corruption because bitcoin is decentralized and it can't be controlled by anyone, the bitcoin is known for being decentralized and if bitcoin lead to corruption then it means that it already broke its features and it will be a huge effect for the price and it will go down.

The OP is not talking about corruption in Bitcoin. He is talking about the features of Bitcoin helping corrupt people.
While that is a concern, we should not be blaming the tools for the action of men.

Yes i agree it is the features of bitcoin that can help the corrupt people to be more powerful because bitcoin is anonymous and it is one of the threat for us that can abuse by the corrupt people because we can't notice if they are doing illegal stuff or corrupting because bitcoin is not traceable and that is why bitcoin can lead to corruption because of anonymity.

i think not just bitcoin that can lead to corruption but for real money, we know that money is leading to corruption and its make more damage for people in many aspects. i think if politicians or someone that corrupted already know bitcoin and they know that they can send the corruption money to other people without any other people know, then they will thinking that is good for them to send that money without any proof to explain and its only the wallet that we know.

It is not only about sending the money if some sends the money and have no record of it or cannot be traced for sending but someone has to receive it and while receiving the money the bank inquires that where did it came from.

Also I have something in mind and that is “good mind good find” until and unless the governments don’t play a part you
can’t stop someone from bad activities.

[deisik]

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

Exactly, corruption is everywhere as long there is money involve whether it is crypto or not they will exist.

And for those corrupt people they really can see the advantage upon using bitcoin because of it's anonymity.

They can't be tracked when they start using this for that purpose but I don't encourage people to use this in corruption.

This is a great invention that be used properly but it's a fact that there are people that will abuse it.

Your post is full of misconceptions

First, corruption is not caused by money as you seem to implicitly assume when you talk that it is everywhere whenever money is involved. Money makes corruption easier (like it makes many other things), but it doesn't cause corruption. It is like claiming that guns cause crimes. Further, Bitcoin is very "treacherous" in this regard. Let's assume that you get bribed via it, you get caught eventually, and then everybody will see that criminal transaction on the blockchain for as long as Bitcoin itself exists. Some folks may even start sending some satoshi to your address mocking and teasing you. How are you going to get rid of this and live with that? Your reputation will be ruined forever

[Pattart]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

[Qunenin]

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

Exactly, corruption is everywhere as long there is money involve whether it is crypto or not they will exist.

And for those corrupt people they really can see the advantage upon using bitcoin because of it's anonymity.

They can't be tracked when they start using this for that purpose but I don't encourage people to use this in corruption.

This is a great invention that be used properly but it's a fact that there are people that will abuse it.

Exactly, human is very clever to think so many ways just to have money easily, whether it came from good or bad ways. But to think, how can we manipulate corruption in decentralize coin?

[Vaskiy]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Money laundering entirely differs from corruption. For both the needs bitcoin can be used due to the nature it's been developed. Being anonymous helps users make transactions without revealing end to end identity but with transparency in the value move. Right now Money laundering happens much through bitcoin than corruption as politicians were not much aware of cryptocurrencies.

[deisik]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Money laundering entirely differs from corruption. For both the needs bitcoin can be used due to the nature it's been developed. Being anonymous helps users make transactions without revealing end to end identity but with transparency in the value move. Right now Money laundering happens much through bitcoin than corruption as politicians were not much aware of cryptocurrencies

Money laundering is not corruption itself, of course

But both of these things are still closely affiliated, so to speak. Money laundering can exist on its own, but it typically follows an instance of corruption, especially if money is involved. For example, if you have been given a bribe, i.e. a big amount of money, you won't be able to spend it directly and right away. Wtf, you won't be able even to put it in a bank since this will inevitably trigger alarms and raise questions as to where you got all this pile of money from. So you will have to launder it, i.e. find a plausible explanation that you, in fact, earned all this wealth through hard work and weren't just bribed

[Japinat]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Money laundering entirely differs from corruption. For both the needs bitcoin can be used due to the nature it's been developed. Being anonymous helps users make transactions without revealing end to end identity but with transparency in the value move. Right now Money laundering happens much through bitcoin than corruption as politicians were not much aware of cryptocurrencies

Money laundering is not corruption itself, of course

But both of these things are still closely affiliated, so to speak. Money laundering can exist on its own, but it typically follows an instance of corruption, especially if money is involved. For example, if you have been given a bribe, i.e. a big amount of money, you won't be able to spend it directly and right away. Wtf, you won't be able even to put it in a bank since this will inevitably trigger alarms and raise questions as to where you got all this pile of money from. So you will have to launder it, i.e. find a plausible explanation that you, in fact, earned all this wealth through hard work and weren't just bribed

With bitcoin it's hard for you to trace if you will launder your money when some exchanges will not cooperate or will not be regulated by the government, we have services like bitcoin mixer where for me a good way to launder your money, however I am not saying it will not be trace, it is just hard to trace because you go through with different address. Smart people knows how to effective launder their money, and don't even put your money in the bank without a ready explanation because banks are regulated by the government to report suspicious transactions under the memorandum issued by the AMLC.

[TastyChillySauce00]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Bitcoin is basically pseudo-anonymous, it's not entirely anonymous that people once send their money in form of bitcoin will erase the trace of the money. Bitcoin can be traced by just using some sort of blockchain explorer, and worse, the transaction history of an address will be kept forever, it's impossible to be deleted unless the whole bitcoin destroyed. And honestly, in my opinion, when a government or organisation is starting to use bitcoin, they'll be more transparent, every transaction can be monitored easily through every place.

[makolz26]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Actually, some are using bitcoin as way of transporting money illegally such as that buying drugs, and any other forms of illegal. It cannot really avoid, knowing some people will do everything just to earn easy money. And when it comes to government, they would do such thing if they would discover this, they can hide some of their money by buying bitcoins and we cannot control it.

[deisik]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Money laundering entirely differs from corruption. For both the needs bitcoin can be used due to the nature it's been developed. Being anonymous helps users make transactions without revealing end to end identity but with transparency in the value move. Right now Money laundering happens much through bitcoin than corruption as politicians were not much aware of cryptocurrencies

Money laundering is not corruption itself, of course

But both of these things are still closely affiliated, so to speak. Money laundering can exist on its own, but it typically follows an instance of corruption, especially if money is involved. For example, if you have been given a bribe, i.e. a big amount of money, you won't be able to spend it directly and right away. Wtf, you won't be able even to put it in a bank since this will inevitably trigger alarms and raise questions as to where you got all this pile of money from. So you will have to launder it, i.e. find a plausible explanation that you, in fact, earned all this wealth through hard work and weren't just bribed

With bitcoin it's hard for you to trace if you will launder your money when some exchanges will not cooperate or will not be regulated by the government, we have services like bitcoin mixer where for me a good way to launder your money, however I am not saying it will not be trace, it is just hard to trace because you go through with different address. Smart people knows how to effective launder their money, and don't even put your money in the bank without a ready explanation because banks are regulated by the government to report suspicious transactions under the memorandum issued by the AMLC

Everything counts in large amounts

If you are moving around just a few bitcoins, you will go almost unnoticed primarily because you are worth neither time nor effort spent on tracing your transactions. In other words, you are a small fish evading taxes or engaged in minor criminal activity like selling weed or prescription drugs on the Darkweb, so it is no surprise that no one gives a fuck you (unless you lose all fear and caution, of course). All the fun begins if you are going big time and about to cash out, say, a few million dollars. That will surely attract plenty of attention and will likely raise a lot of questions as well as suspicions. You will quickly learn how fast Bitcoin transactions can in fact be tracked down (ask Ross Ulbricht)

[blackhawkeye1912]

i wonder why bitcoin always be linked with things that are not good such as corruption, money laundering or drugs but in this case in my point of view bitcoin cannot lead people to corruption because it all pure from the bottom of their heart to starting corruption but indeed bitcoin could be the tool to storing corruption money

It is because bitcoin is an open source which can be use for legal and illegal activities. If ever bitcoin use in any illegal activities these are the people who are sowed with greediness. They are abusing the good reputation of and quality system of bitcoin. And this must be stop actually, Only the government can do this.

[VanDeinsberg12]

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

Exactly, corruption is everywhere as long there is money involve whether it is crypto or not they will exist.

And for those corrupt people they really can see the advantage upon using bitcoin because of it's anonymity.

They can't be tracked when they start using this for that purpose but I don't encourage people to use this in corruption.

This is a great invention that be used properly but it's a fact that there are people that will abuse it.

Exactly, human is very clever to think so many ways just to have money easily, whether it came from good or bad ways. But to think, how can we manipulate corruption in decentralize coin?

Honestly, There are some ways to manipulate the corruption through the decentralized coin. Through the decentralized coin that means its lack of regulation.

This time I just think about money laundering. Through the decentralized system, the abuser is able to launder his money through sent it on the ecosystem.

It will be mixed for naturally.

[andrei56]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

True, one of the cast of corruptors is political lol. If they know the bitcoin well. Maybe they will wash their money with bitcoin because it is much safer for their identity

Since politicians are known to steal huge amounts of money I doubt bitcoin or any other coin will have enough volume so they can buy coins without disturbing the market, and also it will be almost impossible to try to tumble such a huge amount of coins.

[secdark]

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

True, one of the cast of corruptors is political lol. If they know the bitcoin well. Maybe they will wash their money with bitcoin because it is much safer for their identity

Since politicians are known to steal huge amounts of money I doubt bitcoin or any other coin will have enough volume so they can buy coins without disturbing the market, and also it will be almost impossible to try to tumble such a huge amount of coins.

I agree they would disturb the market of bitcoin because of buying or sending huge amount of bitcoin. But the problem is sending bitcoin is very anonymous so i think it would be difficult to track it or sort of know who owns that wallet. On the other hand politicians will steal in terms of money because money is always money so they would steal it

[Jose Mourinho]

The price of the bitcoin is unstable, a month can go up to 50% but could drop by up to 50%, it is very risky for the corruptor to save money because there is no money opportunities bitcoin runs out.

[Veider_lord]

The price of the bitcoin is unstable, a month can go up to 50% but could drop by up to 50%, it is very risky for the corruptor to save money because there is no money opportunities bitcoin runs out.

As far as I can judge about what is happening in each country, regardless of the social level of the inhabitants, corruption is present everywhere and everywhere. But it's worth remembering about very interesting qualities in Bitcoin which in turn can not be eradicated, but rather promote corruption.

[boyptc]

The price of the bitcoin is unstable, a month can go up to 50% but could drop by up to 50%, it is very risky for the corruptor to save money because there is no money opportunities bitcoin runs out.

So you are more worried about the corruptor rather than those people that are going to be affected with his corruption? Actually bitcoin is opening a lot of opportunities and advantage for better but on the other side, people that has dark plans can use those good things for their bad motives.

[speem28]

The price of the bitcoin is unstable, a month can go up to 50% but could drop by up to 50%, it is very risky for the corruptor to save money because there is no money opportunities bitcoin runs out.

Funny you consider this as an issue for the corruptor, although this not seems to be a big problem for them. As long as they store and keep their bitcoin no matter how low the price of bitcoin at the moment, they can still wait for it to increase. I think the biggest reason of them using bitcoin is that to hide their corrupted money so that they will not easily get caught.

[the rise]

The price of the bitcoin is unstable, a month can go up to 50% but could drop by up to 50%, it is very risky for the corruptor to save money because there is no money opportunities bitcoin runs out.

Funny you consider this as an issue for the corruptor, although this not seems to be a big problem for them. As long as they store and keep their bitcoin no matter how low the price of bitcoin at the moment, they can still wait for it to increase. I think the biggest reason of them using bitcoin is that to hide their corrupted money so that they will not easily get caught.

We must remember that the bitcoin fluctuations are still balanced even though they are often up and down, we can see the current bitcoin prices, and if viewed from corruption, this is not a big deal because the most important thing for them is by Washing their money as much as possible, depreciation is inevitable , Bitcoin is not money that can be lost and this is the entrance to speculate from corruptors.