Can Bitcoin also lead to corruption ?

[Shah112233]

Fristly yes , to some extent it will happen . But i think all type of cryptocurrencies are more secure . There is no illegal way of getting bitcoins for now , as to my knowledge . Secondly No , there is no corrupted source provided for getting bitcoins . So they will even decrease corruption .

[ongels]

This is one big issue that government has no control of cryptocurrency, The biggest question, if there are illegal activities behind the transactions how was the government manipulate or counter act crime issues. Since every users are quiet anonymous. Precisely bitcoins are ways to lead corruption.

[Flodemaga]

Bitcoin can be used for any purpose, but i doubt some politician will get bitcoin, but well since there is money that cant be traced, they can easy invest into bitcoin, even if it does loose some of its value. I believe this will be possible to start happening in the future, where those politicians will hide their money into crypto instead let the money into some bank that can be traced and block their funds.

[shezu007]

Bitcoin can be used for any purpose, but i doubt some politician will get bitcoin, but well since there is money that cant be traced, they can easy invest into bitcoin, even if it does loose some of its value. I believe this will be possible to start happening in the future, where those politicians will hide their money into crypto instead let the money into some bank that can be traced and block their funds.

it depend on the user of bitcoin that how user want to use bitcoin because bitcoin is a crypt currency and it is convertible to any other currency so bitcoin is a money now how people want to used them it depend on the user of bitcoin.

[BlueStackz]

I guess not. Bitcoin doesn't belong to any institutes or agencies,  so no one can authorize it. It has its own system which can avoid the risk of being corrupted.

You are right , the foremost thing to be understood is that this is not bitcoin which will lead to corruption but its the mental makeup of the people which forces them to do illegal things and make black money , so we should accept our fault rather blaming bitcoin. And i think bitcoin by its technology and process is leading to lessen the risk of corruption.

I think it is possible that this may happen, although not joining an institution, but in my opinion there are still some who have a greedy nature like the corruptors who certainly eat the people's money continuously.

As far as anonymity is concerned this issue will be sorted out soon and before bitcoin cash was also used for corruption that’s not blame of currency it is user evil that they are using it in bad way and as this concern will be sorted out the transaction process will become crystal clear and nobody can hide anything and this thing will mainly lead to the legalization of bitcoin to many regions who are afraid of corruption.

[zeaderza]

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?

corruption can happen anywhere and anytime, especially if in terms of money, everything is in the individual

Everything that is being seen as money by people would always lead some of them to corruption. What makes Bitcoin look like it’s worst the fact that it helps the bad guys stay anonymous while carrying out their evil plans like buying guns and assassins and other stupid stuffs from dark web.

By the way, I don’t see any sense in the government looking for ways to stop Bitcoin, instead of looking for ways to stop all these dark webs. The government should find way to trace all these dark web online and stop them once and for all.

[Shohel_rana96]

The present world can't reduce corruption. But, Bitcoin can also lead to corruption.

[Semaj123]

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?

corruption can happen anywhere and anytime, especially if in terms of money, everything is in the individual

Everything that is being seen as money by people would always lead some of them to corruption. What makes Bitcoin look like it’s worst the fact that it helps the bad guys stay anonymous while carrying out their evil plans like buying guns and assassins and other stupid stuffs from dark web.

By the way, I don’t see any sense in the government looking for ways to stop Bitcoin, instead of looking for ways to stop all these dark webs. The government should find way to trace all these dark web online and stop them once and for all.

What if the government is under by darkweb?Because this organization is still in and why they cant stop them?.Are we governed by them thats why they cant stop them?I think government had enough resources to stop this organization.

[FLUZFLUZGLOBAL]

Of course, bitcoin can lead to corruption like any other currency with which you can make purchases. At the same time, in terms of anonymity, bitcoin has the advantage.

[radjie]

Because Bitcoin is anonymous, Bitcoin is vulnerable to abuse, such as money laundering and crime financing. My opinion Bitcoin can not be associated with corruption, but Bitcoin can be used as a tool to save money from corruption.

[hehemon]

no bitcoin cant lead to corruption. bitcoin uses decentralised blockchain as a form exchange. also, government does no hold or control any cryptocurrency that can be corrupted.

[adesofyan1213]

I don't think so. Because, bitcoin is the digital currency. Want corruption how? but what I fear is that hackers are hunting for bitcoin. I have never heard a hacker against bitcoin. I don't know whether the future hackers will be present or not.

[redsun114]

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?

corruption can happen anywhere and anytime, especially if in terms of money, everything is in the individual

It all depends on the person who are having a major portion of bitcoins in their wallets. If they want to use bitcoin in any kind of illegal activities like that of corruption, then it is very much possible to experience this thing. Bitcoin itself cannot be used in any kind of activities. It is we, who has to decide where to use our bitcoin. We need to stop bitcoin from being used in such kind of activities.

[poisonivy77]

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 can cause anyone's corruption if the abuse of bitcoin has been made. if the better understanding of these is made for any selfish motive. it all depends on the person and his intention.

[loreykyutt05]

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 can cause anyone's corruption if the abuse of bitcoin has been made. if the better understanding of these is made for any selfish motive. it all depends on the person and his intention.

Actually not just corruption but also bribery ,money  laundering , tax evasion and many more crimes It was already given since the creation of technology that it could lead to good or bad depending on how will you use it , bitcoin could be used for corruption same as you could use it to send money to your loved ones , it was actually your choice if you're gonna use it for criminal activity or not but dont forget the consequence.

[BTCbengi]

Maybe this will happen but it is all secret and I have never heard of corruption news ever. It could be the perfect tool for corrupt developers because of incognito, global, irreversible transactions, easy wallet creation, ...
However, it is difficult for you to explain the source of that money, no papers, no sender information, no reason to explain that source of money, they will not believe you.

[Xanxus024]

Maybe if government or having authority are going to be involved it's a big chance leading to corruption because it may become centralized form so the authority has a power control bitcoin or other type of cryptocurrencies. As long as the system does not change corruption will be prevented.

[appleffi]

I don't think the word "corruption" can be used in this kind of ecosystem, why did I say so? because we all know cryptocurrency such as bitcoin works in a decentralized structure so no one is in control when you look at it in the  bigger picture but if you look close to specific services then corruption might be use as a term but I bet to disagree I rather say its a tactical move to gain profit within a specific service offered to earn bitcoin and if you look at it is in a proper way because it is not compulsory taken out to anybody who holds bitcoin, it is more like a voluntarily move.

[PrinceCaspian]

With the anonymity of bitcoin, it can easily attract people to use it to corruption because they will have a clear and calm state of mind that they can easily hide from the other authorities because of the difficulties to track bitcoin down and that is why it is very open for corruption and can be abused by the people.

[spyerf]

I think bitcoin can be used as the instrument for corruption. Today bitcoin stays not so known and not so many people knoe about it. But in nearly future when bitcoin will be spreaded on our daily life and more people will talk about it politicians or businessmen can start to use bitcoin for their financial operations. The main factor here is that with bitcoin you can hide your indentity and such corruption money making can have place to be very often.

I agree with you, because I think corruption is a very dangerous disease, so sometimes we stay exposed to symptoms. And the perpetrators of corruption are thieves, just as tight as us, thieves will still look for our negligence. so we should be more vigilant with bitcoin security that we have