Can Bitcoin also lead to corruption ?

[deejhay]

Anything that has price leads to corruption so it could happen to bitcoin as long as there are greedy people in any organization. Its not new so get used to it.

[Apes]

Anything that has price leads to corruption so it could happen to bitcoin as long as there are greedy people in any organization. Its not new so get used to it.

the organization of greedy people wherever there remains corruption not lost from the circulation of the person is called worse than garbage not crowded if there o corruption

[galestorm]

I dont think bitcoins can lead to corruption. Mainly because its a digital currency, something that isnt physically obtained by a person. Second, most of the world's population dont know much about bitcoin's existence and finally bitcoin's price range is unstable so i dont think anyone would ever use it to their advantage, rob us with what we deserve and get away with it.

[Quidat]

Anything that has price leads to corruption so it could happen to bitcoin as long as there are greedy people in any organization. Its not new so get used to it.

the organization of greedy people wherever there remains corruption not lost from the circulation of the person is called worse than garbage not crowded if there o corruption

Corruption is just really already a normal thing on this world on which its always been part already on our lives since there are really people who are greedy specially to those people who are on the position.Bitcoin wont really be a exclusion not to be used on corruption and I do bet that they already know about bitcoin and some of them might already been using it.

[lonelygrimm]

Corruption is happening because the person, bitcoin is just a tool for their excecution, so i think you're already answer it by yourself.

Anything that can be a payment is leading to a bad activity, not only corruption, there is money-laundering, fund terrorism, drug and manymore, so there is no safe place in this world if it's related with "money/assets"

[Lena_Storifier]

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 is just a tool for payment.  It is simply a code that enable us to have a peer to peer transaction.  Good things or bad things depends on the person who is holding Bitcoin.  A person can use Bitcoin to hep other people while it can also be used to ruin one's reputation.  When people forget morality and hungers for more power with Bitcoin then yes it can really lead to corruption.  Just observe what is happening around the Bitcoin environment and you really know when people desires for control of Bitcoin, the desire can lead them to corruption.

[YTBitcoin]

Yes of course, this is because bitcoin is anonymous so anyone who keeps money into bitcoin will not be tracked. for that it's time there is a special rule about bitcoin.

The anonymous feature of bitcoin don’t make it reliable for corruption. Yes you are right that you can’t be tracked back and you use bitcoin in corruption. I assume that is the mistake of the individual who is using to make corruption. We can’t eradicate corruption through any means until the people don’t remove it from their minds.

[StarofBTC]

i believe so, simply because of the price of bitcoin and the federal government will start to undertake bitcoin as centralized currency and it would be constitutional forex.most of the government formal are corrupt they constantly get benefit of their placement to do illegal factor and to make them richer with the income of other folks.

Even before the invention of bitcoins, people were doing corruption especially the politician and even still they are involved in this evil activity. We all know what wiki leaks and panama leaks were all about. So there is no need to blame for or associate bitcoins with corruption. They are just currency like fiat.

[el kaka22]

Corruption is happening because the person, bitcoin is just a tool for their excecution, so i think you're already answer it by yourself.

Anything that can be a payment is leading to a bad activity, not only corruption, there is money-laundering, fund terrorism, drug and manymore, so there is no safe place in this world if it's related with "money/assets"

Many countries are already facing severe corruption problems. I mean if someone avoids the traditional banking system in his money transfers then it comes in the circle of corruption. It is so vague and incomplete definition and the relating bitcoins with it is just amazing.

I mean bitcoin was made to get rid of banking systems involvement and if bitcoin was leading to corruption, then why did even they legalized it at first place. Nothing makes even a little bit of sense.

[joromz1226]

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 true that corruption is everywhere, and all nations in the entire world faced this circumstances, where most of them are belong to the government officials, and even in the private sectors of the company there is the same problems with corruption. So if the bitcoin users is corrupt now wonder that He can use bitcoin as tool to fulfill His/Her greediness. But if not, bitcoin will be abuse, it will only abuse by the greed bitcoin users.

[drachman]

probably not, but bitcoin can act as a money laundering place, because the transaction is very difficult to track. but, I guess, there's not much else to do about it. Today, people are focusing on investment. because bitcoin prices tend to rise.

Bitcoin is not difficult to track, in fact it is very easy and it is done everyday, it may difficult to put an identity to an address but the moment you cash out, that is when you can get identified by authorities.

[Jaycee99]

botcoin who knows but if that happen flood of war comments and every will rise. Likely I think it will never happen it will rise to a success but in the end of discussion who knows bitcoin may come to an end

[Rojectime]

anything at all that can deliver power or bring about voracity can degenerate folks. Bitcoin like money is no exclusion. Bitcoin can give folks management, income associated ability, and difference. In the celebration that a man can't get enough of these with Bitcoins then he can rework into a degenerate specific misusing all that he can to get a increased volume of what Bitcoin offers

[dynospytan]

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?

No, In some other country bitcoin is not considered money because it is still a digital currency. We can only considered bitcoin as money if they allowed to be a real currency or without exchanging it in real currency. They cannot use bitcoin as a corruption because as I said bitcoin is not a real currency and there is no tax when earning in bitcoin. So the government cannot get any single coin from bitcoin.

[Sithara007]

Till now I haven't heard anyone using Bitcoins for the payment of bribes. Perhaps the bureaucrats and the government officials are not tech savvy enough to accept the bribes in Bitcoin. But rather than Bitcoin, I would suggest anonymous currencies such as BlackBytes, DeepOnion and Monero for this purpose. Because I doubt that Bitcoin is 100% anonymous.

[waichi]

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 don't think so. The good thing about bitcoin is immutable.

[bitcoinmaniac52]

Bitcoin was founded on corruption. The very first transactions it was used for was on the Silk Road on the Dark Web for illegal things like drugs, weapons and more.

[Nameless27]

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?

Most country with corrupt government officials are slowly leaning towards cryptocurrency and silent about this issues. They might laundered those funds untraceable on Blockchain technology it might be just a theory's for now without proof this is a mere allegations but possibilities is high. But few countries who have good or incorruptible member of public servants is legalizing bitcoin for the good of they're people like Japan.

[thet]

Yes, bitcoin can be transfer easily to someone without any verification unlike with banks there some papers before making transaction.

[palle11]

Yes, it can lead to even heinous corruption. This is because its transaction are not traceable, it is decentralized. You can send your bitcoin from America to Asia without being traced and once there is a mistake in the transfer, it is gone to another wallet or lost in the wind of network challenges. I mean, is an individual business, no bank to support you in any trace, we have fake wallets that can swallow your bitcoin when sent to it. I heard of such lost of huge bitcoin to a fake wallet recently. Pathetic news