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Author Topic: Can Bitcoin also lead to corruption ?  (Read 51223 times)
jimbo2000
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October 18, 2017, 11:45:57 AM
 #1081

I do not think that bitcoin can lead to corruption, of course it can enable some corruption because it is easier to hide transactions when using bitcoin, but it will never directly lead to more corruption.

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October 18, 2017, 12:06:29 PM
 #1082

Of course yes Sir! Since it is a system like goverment there are small or medium amount of people who really acts like a greedy man that wants to earn a lot money for there cause. but in that case if Bitcoin do not act in that transaction of corruptions, I assure that it can lead us to corruptions.
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October 18, 2017, 12:15:08 PM
 #1083

Bitcoins is just like a cherry to the pie when it comes to corruption. where ever there is an official work there is corruption. Money leads to corruption and bitcoin is such a type of money in todays era the more you wait to redeem your money the more you earn because it is growing so fast.
Moreover bitcoins is a digital money so you will not have a proof about the same.
MinMan
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October 18, 2017, 12:36:43 PM
 #1084

corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
The corruption is not because of bitcoin but because of the users. Corruption was there in the system even when bitcoin was not created. The corruption basically lies inside the consumer. If we use bitcoin in hiding our belongings, our money and make illegal transactions then this is not the fault of currency. There are many ways of using bitcoin for the welfare of the society.
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October 18, 2017, 01:36:47 PM
 #1085

We really are care about more corruption Huh I think the World is already that much in corruption involved
that it isnt possible to generate more of it... If you think Bitcoin is a reasson for more corruption then lock back
in the History of the regulated currencys corruption and money laundering stuff... Cayman Islands etc...

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bitcub
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October 18, 2017, 01:46:29 PM
 #1086

Corruption can be found anywhere, the only sad news is, any corrupt government official can hide his stolen money in the Bitcoin blockchain by using mixers and long chains of conversion of BTC to other alts, and going back to corruptman's crypto wallet.

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?

doomloop
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October 18, 2017, 05:49:22 PM
 #1087

corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
The corruption is not because of bitcoin but because of the users. Corruption was there in the system even when bitcoin was not created. The corruption basically lies inside the consumer. If we use bitcoin in hiding our belongings, our money and make illegal transactions then this is not the fault of currency. There are many ways of using bitcoin for the welfare of the society.
Yeah you are very right the currency of the bitcoin is being use for the people and for the betterment of the people not for the bad of the people so I like the bitcoin for the price and the increasing price of the bitcoin. In the past I was not so much active but now I am taking the profit from it and you will be able to buy the thing that will increase your money so buy the bitcoin today and get the high income and the bright future tomorrow but try to use the bitcoin positively.

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October 22, 2017, 08:27:30 PM
 #1088

It is possible, we've heard of the use of bitcoin for the sale and buy of medications. For corruption is quite achievable to use bitcoin, we can conceal the benefits of corruption in the type of bitcoin and save it, but it all relies upon on moral, ethical issues, not about bitcoin
trako
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October 22, 2017, 08:57:55 PM
 #1089

BitCoin is actually a very affordable currency for corruption. because it is not legal to follow. people will soon use bitcoin to make money. maybe it started. it is a fact that the laws only protect the rich and the law shows the necessary flexibility to protect the interests of the rich. the rich are corrupt, but they make up for their book. now that you get up and say nobody leads to bitcoin corruption. by whom is corruption? What is corruption?
drachman
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October 25, 2017, 03:41:46 AM
 #1090

corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
Bitcoin does not lead to anything, bitcoin is just a tool the ones that are corrupted are the humans that is way it is always useless to try to blame the things that humans create, satoshi created bitcoin to be a currency for the people it is not his fault that some people are only looking to do evil with his invention.
MOTHIT
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October 25, 2017, 03:54:23 AM
 #1091

Bitcoin wont lead to corruption what ever the money which you deal is through on line so funds transferred to the account is accountable so it is not that much easy to lead for corruption. Dealing in cash only can lead to corruption because it is not accountable and very dangerous also so dealing with bitcoin control corruption having a fear of might be proof of transcation can be produced any time.

May be I am wrong but it is my opinion.

iamMhew
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October 25, 2017, 03:57:48 AM
 #1092

corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
Bitcoin does not lead to anything, bitcoin is just a tool the ones that are corrupted are the humans that is way it is always useless to try to blame the things that humans create, satoshi created bitcoin to be a currency for the people it is not his fault that some people are only looking to do evil with his invention.

yeah thats right, satoshi created bitcoin for currency not to leads for the bad activities that human can do. if governments get involve in to the crypto world and they wants to implement rules to break the privacy of their bitcoin citizen user, corruption may totally exist if that happen. we dont hide the facts/truth that many of our government agency has involve on more corruption on their own country, so whether you like it or not it can cause corruption.
TrueCryptonaire
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October 25, 2017, 04:16:38 AM
 #1093

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 think this is the biggest fear of bitcoins economy.  Bitcoin allows transaction without involving any third party so the person trading are not answerable to anyone about how they use the money or how they earn the bitcoins.  People can do illegal things and business via bitcoins.
Bitcoin will enable them to trade goods and services without paying income tax and they don't have to show or to hide their economy.  Bitcoin will promote corruption.  Still corruption is prevailing very strong.  After bitcoin introduction in economy this will boost them And more and more corruption will take place.
Gabrieelle
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October 25, 2017, 04:20:09 AM
 #1094

Bitcoin won't lead to corruption it would be a tool corrupt people would use gone are the days of a brown envelope under the table. Now bitcoin coin can be used and is unique in the way that it is untraceable.
Yes it is also the way I see it. Bitcoin is a tool for corruption because it can be made digitally unlike the old process with the banks and all that, the government can see your transactions history then they have proof of corruption. Imagine when using bitcoin your anonymous and can do multiple transactions in just a blink of an eye.
oegarod
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October 25, 2017, 04:23:10 AM
 #1095

corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
Bitcoin does not lead to anything, bitcoin is just a tool the ones that are corrupted are the humans that is way it is always useless to try to blame the things that humans create, satoshi created bitcoin to be a currency for the people it is not his fault that some people are only looking to do evil with his invention.

yeah thats right, satoshi created bitcoin for currency not to leads for the bad activities that human can do. if governments get involve in to the crypto world and they wants to implement rules to break the privacy of their bitcoin citizen user, corruption may totally exist if that happen. we dont hide the facts/truth that many of our government agency has involve on more corruption on their own country, so whether you like it or not it can cause corruption.
Satoshi might have got varied plans, but when it comes to reality the change happens. Same is with bitcoin, it has different objective in front of it, but when it came to reality through the growth it attained got used into various purposes. Some were positive and some created negative effects for bitcoin, one amongst is the corruption.
Afnan_faizah
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October 25, 2017, 04:45:39 AM
 #1096

Bitcoin wont lead to corruption what ever the money which you deal is through on line so funds transferred to the account is accountable so it is not that much easy to lead for corruption. Dealing in cash only can lead to corruption because it is not accountable and very dangerous also so dealing with bitcoin control corruption having a fear of might be proof of transcation can be produced any time.

May be I am wrong but it is my opinion.
You are absolutely right. There are misconception about the anonimity of bitcoin users. bitcoin transactions are transparent and traceable, but there is no link to the information about the person who made the transaction. But if we know the person who own the address, there is no problem about it. Even every transactions are made can be seen by many people. Bitcoin will provide greater difficulties for people who intend to corrupt.

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Bitcoinjheta
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October 25, 2017, 04:47:59 AM
 #1097

corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
Bitcoin does not lead to anything, bitcoin is just a tool the ones that are corrupted are the humans that is way it is always useless to try to blame the things that humans create, satoshi created bitcoin to be a currency for the people it is not his fault that some people are only looking to do evil with his invention.

yeah thats right, satoshi created bitcoin for currency not to leads for the bad activities that human can do. if governments get involve in to the crypto world and they wants to implement rules to break the privacy of their bitcoin citizen user, corruption may totally exist if that happen. we dont hide the facts/truth that many of our government agency has involve on more corruption on their own country, so whether you like it or not it can cause corruption.
Satoshi might have got varied plans, but when it comes to reality the change happens. Same is with bitcoin, it has different objective in front of it, but when it came to reality through the growth it attained got used into various purposes. Some were positive and some created negative effects for bitcoin, one amongst is the corruption.



I think its not, bitcoin is different forms of money maker when we compared to the government being notified a source of corruption. A decentralized digital currency proves that man or woman can not make a corrupt practices on bitcoin forum because everyone here has its own anonymous account so there's no evidence that can lead to corruption.
arseaboy
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October 25, 2017, 04:52:29 AM
 #1098

Bitcoin won't lead to corruption it would be a tool corrupt people would use gone are the days of a brown envelope under the table. Now bitcoin coin can be used and is unique in the way that it is untraceable.
Yes it is also the way I see it. Bitcoin is a tool for corruption because it can be made digitally unlike the old process with the banks and all that, the government can see your transactions history then they have proof of corruption. Imagine when using bitcoin your anonymous and can do multiple transactions in just a blink of an eye.
and maybe that's also the reason why its still existing chances that more big politician are using this system to hide their money as it is not easy to be
trace and can be transfer without any trace, bitcoin is a currency  and what we can do with physical fiat can also be process with bitcoin if adoption already
been accepted.

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Rashid555
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October 25, 2017, 05:06:54 AM
 #1099

My answer is no we can’t say that bitcoin can lead to corruption because this is also a type of money people can use it for investment and their personal sale and purchase in these days. Bitcoin can’t lead to corruption it is the form of crypto currencies which is very valuable and important for profits.

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October 25, 2017, 05:13:19 AM
 #1100

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 indeed is just like as money.. but bitcoin can be said as a more modern form of money that is currently more popular among many people. Of course it can be happened, in this world there must be people who still have an intention that aim negatively like as greedy (want to gain profit more for himself). And like as the scams too that has occurred in many sites, I think that's can be said as an act of corruption on bitcoin.
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