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Author Topic: Can Bitcoin also lead to corruption ?  (Read 51223 times)
BILGPS
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March 19, 2018, 04:44:46 PM
 #1781

I thin bitcoin is not lead to corruption but the digital currency is used with out the government control that's why the governments will try to ban this currency but bitcoin is good to the economy of many countries and i think that it will add more value to the country situation so bitcoin is the future currency for me and the corruption is something else and with this currency we are not doing any illegal activity but to make sure the usage of this currency while we should advised the bitcoin users to use this for the good purpose.

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motoprose
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March 19, 2018, 04:47:04 PM
 #1782

Sure. As with anything in this world can lead you down this path.
There are so many vices in our world and temptation is waiting in the wings.
fiend91
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March 19, 2018, 04:52:51 PM
 #1783

Yes it could lead to the corruption especially if the government would be able to take hold of it. Everything that comes along the way that has the government holding it will always lead to corruption because they know there is money there.
plaintiff77
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March 19, 2018, 05:06:06 PM
 #1784

It can be a tool for corruption. We all can see how this crypto currency performs in the market. In this way, it could attract a lot more and more people becomes.very interrested to bitcoin. It can tempt anybody to do bad things because of the benefit someone can get through bitcoin.
Ayush rana
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March 19, 2018, 05:09:56 PM
 #1785

Yes Bitcoin can lead the corruption in world because as we all know that Bitcoin transactions are untraceable. So transactions for money laundering, drugs dealing. As people can hold coins in bulk.

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March 19, 2018, 05:54:26 PM
 #1786

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.

is that the answer to the question "can bitcoin also lead to corruption?". I barely can understand

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.

yeah. this is what I'm thinking about. most of the politicians are really greed. the more they greed the more they try to find ways to laundry money.
EnricoGomez
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March 19, 2018, 06:45:34 PM
 #1787

Yes of course bitcoin can be a tool to start a fraud in other corruption. We all identify that bitcoin is a decentralize transaction we can see the transaction of every user of it so it might be used on gambling money laundering mostly on the corruption and other criminal activities.
Topaz72
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March 19, 2018, 06:50:41 PM
 #1788

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.
Yeah it is all about the user that how they want to use their bitcoin, if people will be positive thinker they will use bitcoin form some good thing but if they want to use it for bad they can use it, no one is going to say or ask you that how you are treating your bitcoin, today people are using bitcoin as an investment and they are getting fast profit from it, to be honest I think bitcoin does not have any connection to the corruption, as corruption is the internal disease of human being which has no connection with bitcoin l so think positive because bitcoin is not corruption at all.
weblaraveluser
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March 19, 2018, 07:09:20 PM
 #1789

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?

In my own opinion, if government will manipulate the value of cryptocurrency in different countries then that will be only time that bitcoin will really lead to corruption because there are a lot of people today who are leaving their job on the corporate world to focus on earning cryptocurrency because the salary is very low.
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March 19, 2018, 08:15:51 PM
 #1790

Corruption is not a good work in our society. Generally, it depends on your mind which you want.If you want this,you will able to do corruption by using Bitcoin.Because, Bitcoin is like a sky and corruption is like a bird which is able to fly in this area.
I fully agree that Bitcoin can even be useful to corrupt people who have the strength of anonymity for crypto currency, can use it for their own purposes.
andrei214
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March 28, 2018, 12:00:49 PM
 #1791

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?
If bitcoin is used for own intentions and selfishness, it can still lead to corruption.And money becomes really a big temptation to anyone who wanted to be succesful in a very fast way.

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March 28, 2018, 12:29:07 PM
 #1792

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 that anything that involves something valuable has a high chance of leading to corruption. I mean it is likely that people would lead to it because we are all naturally greedy or most of us are. Although, every transaction using bitcoin is actually transacted online, which may be difficult to incorporate corruption.
alon_alon
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March 28, 2018, 01:30:19 PM
 #1793

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 want more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Yes, of course, this is very possible. Because many are also using Bitcoin for a negative thing. And of course, this greatly affects the good name of Bitcoin in the people all over the World. Those who think negative Bitcoin will continue to have such thoughts and do not see that Bitcoin has a positive impact on people who use it.
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March 28, 2018, 01:49:25 PM
 #1794

I think so bitcoin can fill the curoption in our country because if we think all of bitcoin is improving life so it means that bitcoin is all people around the world to grow and maybe no curoption here in our country so I bitcoin can assume the curoption

Ikay
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March 28, 2018, 01:56:18 PM
 #1795

It will.
Most of people now are greedy who wants to own a lot of money they want to be rich and surpassed others so definitely bitcoin will be lead too in any corruption to government or in a company that accept btc. All we can do is continue to be positive so that the bitcoin does not break.
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March 28, 2018, 01:59:05 PM
 #1796

Corruption is not a good work in our society. Generally, it depends on your mind which you want.If you want this,you will able to do corruption by using Bitcoin.Because, Bitcoin is like a sky and corruption is like a bird which is able to fly in this area.
I fully agree that Bitcoin can even be useful to corrupt people who have the strength of anonymity for crypto currency, can use it for their own purposes.
That is nothing compared to corruption made with paper money.
And if you think bitcoin is anonymous, you are only partially correct.

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March 28, 2018, 02:03:57 PM
 #1797

May I put it together that if Bitcoin itself even with its Blockchain technology can not in anyway lead to corruption, why are we all having or making good use of encrypted Wallet either on line internally or externally through hardware such as ledger nano and lots more? Who are Crypto Scammers or hackers then? The hackers and Scammers uses high technological gadgets to target Bitcoin fund anywhere there is loopholes known as back doors deficiency of individuals or project investors. Without much ado, Bitcoin can lead to corruption where the proper care, security and encryption is let loose.
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March 28, 2018, 02:07:29 PM
 #1798

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 will not be able to lead to corruption. Because bitcoin is not a currency, it is not possible to bribe senior cadres

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March 28, 2018, 02:10:20 PM
 #1799

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 do not care bitcoin can lead to corruption or something. The thing I care about is that bitcoin is making a profit for me and my family

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March 28, 2018, 02:13:18 PM
 #1800

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?
Surely bitcoin will lead to corruption. But if it leads to corruption bitcoin will be the only currency in the world

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