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Author Topic: Can Bitcoin also lead to corruption ?  (Read 51221 times)
m9shn9sh
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March 16, 2018, 11:32:08 PM
 #1761

Any currency can lead to corruption. The media is going to show it as a corruption currency when in fact USD is widely used in corruption all around the world because it holds it's value relatively well compared to other fiat. I wouldn't avoid BTC for that reason if that is your original thinking.
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Triyavam
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March 16, 2018, 11:50:53 PM
 #1762

To avoid it, it must be completely legal,
Bitcoin can develop corruption due to lack of control and circulation of illegal terrorist funds,
In my opinion, it has the greatest chance of fiat money I mean, seeing bitcoins that have anonymity and small fees that are perfect for corruption.
neliawesome
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March 17, 2018, 01:34:16 AM
 #1763

Yes bitcoin can also lead to corruption because through bitcoin we can earn money so money is the source why many people got corrupted mind and steal things just to satisfied their needs.
Burogh
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March 17, 2018, 01:49:06 AM
 #1764

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 dont believe bitcoin have relation to corruption. Corruption is about mentality and its can be fix with law enforcement. Dollar also a means of money laundering or drug.

yurenchuang7125
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March 17, 2018, 03:50:22 AM
 #1765

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?

Many governments have imposed strict controls on bitcoin, on the grounds that it can and has been used to aid illegal activities. But what the government has not told people is that bitcoin is a medium of exchange that is not controlled by it.

Corrupt governments are more likely to say bitcoin is illegal, while those with better governance are more friendly. Authoritarian governments don't trust bitcoin because they fear a decentralized, transparent trading network that is trusted by bitcoin.

playboy654
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March 17, 2018, 03:55:07 AM
 #1766

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 dont believe bitcoin have relation to corruption. Corruption is about mentality and its can be fix with law enforcement. Dollar also a means of money laundering or drug.

I think bitcoin will not the reason for the growth of corruption and it cannot be a illegal currency so the people don't Judge a book by it's cover,once you entered into bitcoin world you will.feel the good thing in bitcoin.

Ca.ming14
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March 17, 2018, 04:32:36 AM
 #1767

In my opinion, it is possible because, the main people of some countries are already transferring their stolen money to bitcoins, so that they will not be tracked. So bitcoin contributes to corruption. dont be suprised if you heard that some politician are laundry money via bitcoin. since its untraceable.  I guess some politicians have started doing it already.
AmberDurso
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March 19, 2018, 02:34:22 PM
 #1768

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?
Ferylero
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March 19, 2018, 02:42:13 PM
 #1769

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?

Unfortunately, bitcoin is already actively used in corruption because of its anonymity. But it's the the same problem as BTC payments in dark web - this situations must not affect bitcoin's reputation.
brotherwood12
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March 19, 2018, 02:59:25 PM
 #1770

ofcourse can , corruption then buy bitcoin , its will clearly i think
but yeah bad people who do that , they just know money and never know about ppl
Nanot
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March 19, 2018, 03:10:55 PM
 #1771

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?
As for me as what i knew. When it terms to curruption here in bitcoin. It is base on the people who holding thier bitcoins as well as if they become greedy  they would be leads into curruption through being selfish as all is possible can be that but i know that in everything thier is  curruption by the people whose  able to become greedy. Greediness is the way of curruption so if you want to take away the curruption you must say that you cannot currupt when you are able to make everything significance.

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zhuiyongliang8
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March 19, 2018, 03:19:01 PM
 #1772

Yes, government corruption exists in any country. I think because of the anonymity of bitcoin, it has increased government corruption.

I found something that people like to link money laundering, black market, corruption and BTC.

The area connection technology has very good use, but is used by some bad people, do some bad things.
MUG1WARA
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March 19, 2018, 03:48:10 PM
 #1773

this will be easier to do because the system has manipulated all the existing data so someone can steal and eliminate their tracks so this will make it safer to do

Domenc
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March 19, 2018, 04:06:22 PM
 #1774

Yes, government corruption exists in any country. I think because of the anonymity of bitcoin, it has increased government corruption.

I found something that people like to link money laundering, black market, corruption and BTC.

The area connection technology has very good use, but is used by some bad people, do some bad things.

I totally disagree to this belief, it is nature of people that is ruining and corrupting the system and not any kind of currency. People will always find some ways to spread corruption no matter, how hard things are made for them. Every system has pros and cons and you can title anonymous nature as cons as it will likely to spread corruption but pros of the coin are much more than its cons.
cryptoblue
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March 19, 2018, 04:10:10 PM
 #1775

Bitcoin has got good uses and it also has bad uses. Good people would use it in a good way, on the other hand bad people will use it in a bad way.

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fanBit101
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March 19, 2018, 04:11:25 PM
 #1776

I think that fairness and transparency from bitcoin will reduce the rate of corruption around the world. That problem lasted a long time in society, and bitcoin brought about a revolution in technology to remove those barriers. But I do not think the government will apply bitcoin as a tool to apply it to the purity.
jeaniferomambac
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March 19, 2018, 04:18:47 PM
 #1777

ofcourse can , corruption then buy bitcoin , its will clearly i think
but yeah bad people who do that , they just know money and never know about ppl

While there are greedy people theres a possibility that bitcoin can lead into corruption because most people want a bigger profit from bitcoin and it is good for them to have a huge profit and sometimes they are not satisfied with what they have thats why they will choose to do corruption even they know that many people will be affected because they are selfish and they only think their happiness and i think they can make corruption in trading so we need to be alert and observant for those bad people especially to all traders they must be observant all the time and i hope all traders is good and not do corruption.
rolerVX
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March 19, 2018, 04:32:38 PM
 #1778

Money, money and money can make one person greedy. It makes the weak for money to become more greedy. Corruption is no ending at all while money existence can smell on the air of politics, company, business transactions or even person to person that money is evolve in the issue. There are so many people in the world that become rich from nothing. Then here in bitcoin I observed that more campaigns here. If we talk about campaign money is there. So wherever money is there will be corruption on it.
mininglegend1234
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March 19, 2018, 04:39:16 PM
 #1779

Yes, government corruption exists in any country. I think because of the anonymity of bitcoin, it has increased government corruption.

I found something that people like to link money laundering, black market, corruption and BTC.

The area connection technology has very good use, but is used by some bad people, do some bad things.
I think yes it can just like any currency in the world. Corruption comes when something is easy to store and without any limits. Moreover bitcoin is easy to save so people can store black money on online accounts without any identification, that is a corruption!! Likewise I believe many kinds of corruption can happen in the world of bitcoin
Andalusy
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March 19, 2018, 04:42:04 PM
 #1780

everything in this world is used by the corrupt people for illegal way , if you will go back in the year 2008 then you will found that without the Bitcoin many corrupted people were using the fiat money for the illegal purpose also , so so here we cannot say that Bitcoin will results into  the corrupted people to use the bad things with the Bitcoin .
But here I don't think that the corrupted people cannot use bitcoin for black money or any illegal thing because here in my opinion that many developed countries are accepting the Bitcoin as a legal way of payment so they are making some better rules for is the use of Bitcoins in the legal without any bad use .
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