Can Bitcoin also lead to corruption ?

[tumokatok]

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?

can be explained bitcoin anti-corruption laws
now bitcoin not yet in the regulation, even if for example already in regulation, can be explained about bitcoin corruption chapter
The corruption law reaches all, there is no corruption chapter home, land, dollars, dollars, gold etc. it
The corruption and money laundring laws bind to all of its no special articles

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[mobilestrike]

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.

That is a right point. I am also of the view that i depends on the mentality of the people who are using bitcoin. If they are criminals then definitely they will do crimes with whatever the currency they have. In that case we do not have to blame on bitcoin or any other currency. By the way with the coming of bitcoin I do not think that many people will now do crimes for earning money because earning with bitcoin is now much easy.

[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?

corruption is everywhere so you could expect nothing less in here. there are always people who would try to keep money from themselves though we are talking about online money here. once the government takes in place and produce more fiat out of bitcoin that surely is a form of corruption.

[BaraxLo]

Obviously. We can see corruption everywhere like you have mentioned. There are some people who are always in need of easy money so chances are there that they will come up with their evil ideas to exploit it.

Obviously. Today anyone can be corrupted with an object of value, look well to what users are going through in the last days. Several exchanges were closed (they simply disappeared and they did not leave a single note), ICOS almost in their end disappeared of the map taking many investors to have a very great prejudice.

And now we have a new fever on the internet that is setting up mining companies in the cloud (you buy mining power and it mines some random currency of your choice), you invest in them, and two months later they go out with your money. In this sea of corrupt people and always good to be alert, research and reading are the main tools to not fall into scams like this.

[Digital_Lord]

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.

It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.

[goldcoinminer]

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.

It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.

When there is a strong implementation of the law, the authorities will be able to combat illegal activities with the use of bitcoin.
That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions.

[Dark Sky]

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.

It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.

When there is a strong implementation of the law, the authorities will be able to combat illegal activities with the use of bitcoin.
That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions.
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bitcoin can make everyone's future best and they can save their family's future, the biggest cause of corruption is poverty and unemployment and bitcoin can solve every person's many problems which they face in this world, yes some those person who are very greedy in this world and they can any thing for future, so government can them punish by their low. 

[Zastria]

I do not think that bitcoin causes corruption, but a corrupt government or organization can do money laundering against bitcoin. By doing money laundering against bitcoin it will not be detected who the owner of the bitcoin. I think bitcoin is not legal in that country because it will pave the way for corruptors to commit their crimes.

[Vicrey]

i dont think that it has a corruption, if theres a corruption in bitcoin why it is still continue and the dev and other didn't split? why it is always linkining in some question that is impossible to happen, bitcoin maybe can use by our child to continue what we start in bitcoin i hope when the time come tge value of bitcoin is very so nothing to worry avout the future of my children

[amaydel]

I think so since bitcoin is decentralized and you can have your transaction in the blockchain completely anonymous so anyone can do illicit activities without being get caught by authority.

[Sweeet123]

Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula.

As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.

Haha,well said man, specially the lack of regulation part kinda haunts me when I think about bitcoins,because it kinda makes you become more and more skeptical about it

[BarbieCasino]

I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.

It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.

When there is a strong implementation of the law, the authorities will be able to combat illegal activities with the use of bitcoin.
That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions.

Sure if bitcoin will be legal then there must be some laws for bitcoin use and then people will at least think twice before they use bitcoin for some illegal tasking. So I respect your thinking and I am agree with  you that bitcoin should be legal now it has been so long that bitcoin is being sue by people and even now it is not famous in several countries so if it will be legal then people will sue bitcoin for noble deeds only.

[daarul50]

Bitcoin is very wide open for the corruptors because the virtual wallet bitcoin is anonymous so do not know who the owner of a bitcoin wallet, but if for the prevention of corruption may bitcoin will be very useful because bitcoin provides transparency of all transactions conducted.

[lionheart89]

bitcoin online currency can basically be used for various transactions. for example for legal transactions like at wordpress.com, virgin galatic airways, and various social donations such as wikileaks. on the other hand, this digital currency can be used for the greater illegality of the international portion. illegal acts include money laundering, gambling, druges, and even demonstrations.
but do not be ruled out if in various countries also happened money laundering with bitcoin. if anyone does this crime, the police will be very difficult to handle. unless they work with bitcoin or exchanger users who understand the concept of bitcoin.

[Raufjoze]

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, corruption can happen anywhere else with this currency

[KrisAlex18]

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 has been a wide source of income of almost everyone in the world right now. The occurence of corruption within it is possible knowing that the system of it is not that hard to be abused. If ever the power of bitcoin will be abused, the chances that corruption will occur will increase more. Bitcoin is a very popular cryptocurrency and it is not too far from being corrupted by those greedy people.

[Janation]

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, corruption can happen anywhere else with this currency

How will the digital currency lead to corruption since it is a decentralized crypto currency? Corruption is all about the government people who are trying to steal and corrupt the people and money. I think rather than corruption, the serious crimes that might be committed in using bitcoin is money laundering, which I think that other criminals have done now, and the terrorist transactions.

[Bitcoin1216]

The thing that makes the corruptors happy with the feature of bitcoin is anonymous, this makes nobody knows who the owner of bitcoin so it becomes heaven to put the money of corruption.

[Seaze007]

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 no, because corruption is start in the government in small or big they commit corrupt. So, I think bitcoin can't lead to corruption. Because it depends to government that work for their community. If they want a better community so they don't commit corrupt, and they don't used bitcoin to corrupt other's.

[yusupjatigumilar]

Probably precisely money laundering, bitcoin could be an easy land to launder money from unlawful results, because in an anonymous bitcoin transaction no one knows the identity of the transactor, but it can be prevented if the government can cooperate with a trading company or exchange for obtaining data from each registered account.