Is Bitcoin the way to fight corruption? Or is it the good way to launder money?

[VanceCrypto]

In every society, corruption is a part of the economy. We hate it, because we know how it can negatively affect a country in long term. For those who do not really care about politics, you can read this article and imagine how corruption is going to mess up your children’s life and the life of the latter generations.

“Corruption affects us all. It threatens sustainable economic development, ethical values and justice; it destabilizes our society and endangers the rule of law. It undermines the institutions and values of our democracy. But because public policies and public resources are largely beneficial to poor people, it is they who suffer the harmful effects of corruption most grievously.

To be dependent on the government for housing, healthcare, education, security and welfare, makes the poor most vulnerable to corruption since it stalls service delivery. Delays in infrastructure development, poor building quality and layers of additional costs are all consequences of corruption.
Many acts of corruption deprive our citizens of their constitutional and their human rights.”

You can read more at:
http://www.corruptionwatch.org.za/learn-about-corruption/what-is-corruption/we-are-all-affected/

One of the reason I love BTCBitcoinBTC so much is the fact that this type of Blockchain-based currency, at first glance it’s just looked like an anti-corruptors currency for the people. BTCBitcoinBTC is secure, fast, low in fees and transparent.


But does BTCBitcoinBTC the REAL solution for anti-corruptor?

YES and NO.

Yes, the transparent part seems like a bad idea for someone who has the intension of having/doing questionable acts.

But the anonymous part, on the other hand seems like an even GREATER idea for those corruptors.

I love to listen to your opinion about this topic.   

Hail to the Blockchian

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[Basmic]

What does bitcoin have to do with corruption? It seems to me that the government is spreading such rumors to blame it all on bitcoin and stop its spread. Corruption does not live by currency. This is a manifestation of the unperfect legislation. The fault lies entirely with the government.

[HeRetiK]

Retaining anonymity on the BTC blockchain is a non-trivial matter, especially if you're a person of interest such as politicians may be.

Either way BTC is more transparent than traditional banks will ever be. With traditional banks you have to trust auditors. With BTC the public can audit themselves. No special treatment for government agencies trying to find specific individuals, everyone's on a level playing field. That alone is in my opinion already a winning argument for BTC over traditional banking.

[Snaic]

I do not know how to fight corruption with the help of bitcoin. However, with the help of bitcoin, you can avoid paying taxes, laundering dirty money and committing other crimes. However, this can not in any case be accused of bitcoin and other crypto currency. Almost everything can be used for both good and evil.

[Lancusters]

Bitcoin is the only currency. It doesn't help and is not fighting corruption. It's not her job. It is wrong to blame the weapon is that it kills people. Initially it was created to protect. Charges of crypto-currencies is that they corrupt this element of the information war, governments and banks against a free economy.

[Jovovich]

Bitcoin is the only currency. It doesn't help and is not fighting corruption. It's not her job. It is wrong to blame the weapon is that it kills people. Initially it was created to protect. Charges of crypto-currencies is that they corrupt this element of the information war, governments and banks against a free economy.

Realistically it would be used illegally because any anonymous could use it and it is one of the main reasons why  government are against and making claims that it is some scam or a failure in the future. Honestly I could understand why they wouldnt want to allow transaction in there own country. But economically it could help also to at least increase earnings by a state.

[Sir Cross]

Bitcoin is the only currency. It doesn't help and is not fighting corruption. It's not her job. It is wrong to blame the weapon is that it kills people. Initially it was created to protect. Charges of crypto-currencies is that they corrupt this element of the information war, governments and banks against a free economy.

I do not know how to fight corruption with the help of bitcoin. However, with the help of bitcoin, you can avoid paying taxes, laundering dirty money and committing other crimes. However, this can not in any case be accused of bitcoin and other crypto currency. Almost everything can be used for both good and evil.

I also have to agree because I don't see bitcoin as something that may combat corruption, but it is a tool that may encourage corruption such as how money is. In ways, it may be used to avoid acts of corruption or encourage it such as money laundering and other illegal activities. It ultimately would depend on the user and their values and morals. It's the same with money - it may be used for corruption but its up to the user.

[Kronos21]

Bitcoin is the only currency. It doesn't help and is not fighting corruption. It's not her job. It is wrong to blame the weapon is that it kills people. Initially it was created to protect. Charges of crypto-currencies is that they corrupt this element of the information war, governments and banks against a free economy.

I do not know how to fight corruption with the help of bitcoin. However, with the help of bitcoin, you can avoid paying taxes, laundering dirty money and committing other crimes. However, this can not in any case be accused of bitcoin and other crypto currency. Almost everything can be used for both good and evil.

I also have to agree because I don't see bitcoin as something that may combat corruption, but it is a tool that may encourage corruption such as how money is. In ways, it may be used to avoid acts of corruption or encourage it such as money laundering and other illegal activities. It ultimately would depend on the user and their values and morals. It's the same with money - it may be used for corruption but its up to the user.

Money laundering is happening now through Fiat. This is not a problem. In my country the corrupt use bitcoin to launder their income. They declare that bought bitcoins a long time and the present condition is acquired due to the difference in price. But they pay taxes. If they do it via Fiat then everything goes by the Treasury. Which is better?

[Klausi]

In every society, corruption is a part of the economy. We hate it, because we know how it can negatively affect a country in long term. For those who do not really care about politics, you can read this article and imagine how corruption is going to mess up your children’s life and the life of the latter generations.

“Corruption affects us all. It threatens sustainable economic development, ethical values and justice; it destabilizes our society and endangers the rule of law. It undermines the institutions and values of our democracy. But because public policies and public resources are largely beneficial to poor people, it is they who suffer the harmful effects of corruption most grievously.

To be dependent on the government for housing, healthcare, education, security and welfare, makes the poor most vulnerable to corruption since it stalls service delivery. Delays in infrastructure development, poor building quality and layers of additional costs are all consequences of corruption.
Many acts of corruption deprive our citizens of their constitutional and their human rights.”

You can read more at:
http://www.corruptionwatch.org.za/learn-about-corruption/what-is-corruption/we-are-all-affected/

One of the reason I love BTCBitcoinBTC so much is the fact that this type of Blockchain-based currency, at first glance it’s just looked like an anti-corruptors currency for the people. BTCBitcoinBTC is secure, fast, low in fees and transparent.


But does BTCBitcoinBTC the REAL solution for anti-corruptor?

YES and NO.

Yes, the transparent part seems like a bad idea for someone who has the intension of having/doing questionable acts.

But the anonymous part, on the other hand seems like an even GREATER idea for those corruptors.

I love to listen to your opinion about this topic.   

Hail to the Blockchian

I dont see bitcoin have the power to influence the mind of politician or any people to not to corrupt because bitcoin is still a wealt in which you keeping it to earn a huge paper money or fiat to be use on services and purchasing. Every time we use the fiat we are paying our tax share to the government thru income tax, value added tax, service tax, property tax and documents tax. Our tax is the source of corruption of our government in which is impossible to avoid as long we are using our local paper money or fiat to live.

[coinoberg]

I don't think you can fight with corruption by using bitcoins. either cash or crypto, dirty people will be dirty anyway. as far as the mindset is the same, result will be same imo.

[Tulen1990]

Retaining anonymity on the BTC blockchain is a non-trivial matter, especially if you're a person of interest such as politicians may be.

Either way BTC is more transparent than traditional banks will ever be. With traditional banks you have to trust auditors. With BTC the public can audit themselves. No special treatment for government agencies trying to find specific individuals, everyone's on a level playing field. That alone is in my opinion already a winning argument for BTC over traditional banking.

People always find a way of botching good things. Bitcoin and blockchains in general are very transparent. Our banking system requires too much trust tbh.

The oly barrier to entry is how complex bitcoin can seem to a beginner lol.

[mrcash02]

The only solution for corruption is spirituality. Bitcoin is money and money isn't solution for this kind of issue. There are laws that could help decreasing corruption, but they aren't enough to make it disappear completely.

Many people worry about Bitcoin because money laundry and that is a fact. What I think could be done to prevent this kind of illegal action would be several punishment for who practices this. The question is: How to find money laundry enthusiasts?

That is surely very hard and to find them it would be necessary to finish the pseudo-anonymity of Bitcoin... There should be always some way to track the money and all its steps. I think those mixer services would be forbidden for this reason.

This kind of regulamentation would be acceptable, but it doesn't justify Bitcoin users paying extra fees to their governments, lowering their personal profit. And as I know this basic regulamention wouldn't happen because government would never be satisfied I prefer everything continues as it's now!

[rockingdrip]

Bitcoin is neither to fight corruption nor the way to launder money. It is totally dependent on the users ,who use it. Some time in media it is said that bitcoin will be ban because of money laundering, terpor funding, hiding tax etc. But by banning bit coin situation will not be change . They ,who does the crime will certainly  find a alternative way. We have to stop the action not have to ban the tool.

[hatshepsut93]

First, everyone should know that Bitcoin is not anonymous, it's pseudonymous - it means that every address is a unique identifier and in many cases it is possible to trace transactions to some point that will reveal their owner. Also, transactions are stored on public blockchain forever, so even if someone successfully hiding their illegal money now, it may be uncovered at some point in the future. This all makes Bitcoin not exactly well suited for any illegal operations, so criminals prefer cash and privacy-based cryptocurrencies. But since Bitcoin is public and immutable, there can be many situations when it will prevent corruption by moving some operations to Bitcoin.

[warrior333]

Bitcoin is neither to fight corruption nor the way to launder money. It is totally dependent on the users ,who use it. Some time in media it is said that bitcoin will be ban because of money laundering, terpor funding, hiding tax etc. But by banning bit coin situation will not be change . They ,who does the crime will certainly  find a alternative way. We have to stop the action not have to ban the tool.

All States will never agree to ban the use of bitcoin at the same time. Those who impose such a ban will lose their income due to the fact that people will withdraw money in that country that do not. I think it would be Japan and Switzerland. Japan is always the first in the world adopts innovations. Switzerland is happy to provide its territory for investments.

[Hegelia]

Bitcoin is the only currency. It doesn't help and is not fighting corruption. It's not her job. It is wrong to blame the weapon is that it kills people. Initially it was created to protect. Charges of crypto-currencies is that they corrupt this element of the information war, governments and banks against a free economy.

Realistically it would be used illegally because any anonymous could use it and it is one of the main reasons why  government are against and making claims that it is some scam or a failure in the future. Honestly I could understand why they wouldnt want to allow transaction in there own country. But economically it could help also to at least increase earnings by a state.

I do not think with using Bitcoin the corruption will die,neither this transaction can help the own Government.There will be the banks that will keep all.

[iamTom123]

Will money leads to corruption or rather exacerbates corruption as we know it? Yes and no...this is depending on the person or people involved and depending on the situation. You see, money -- all forms of money whether fiat or digital plus anything that has real value -- is just a medium of exchange and is considered to be amoral (not moral and not immoral).

Bitcoin is just an instrument and how it can be used whether for good or bad depends so much on the user. It is just like the gun...we can use it to defend the land or we can use to harm ourselves.  Whether Bitcoin can lead to more corruption or not...that question has been answered long time ago because money has had been in existence for so many centuries.

With or without Bitcoin there will always be corruption. Bitcoin can never totally stop corruption as we know that humans can be so creative in finding ways and means to do what we want to do. Limiting the instrument will not stop corruption. Corruption can only be stopped if we all start to be totally honest with ourselves and we all learn to be humble and repent and accept each other's mistakes made in life. 

[Nameless27]

I will not act as a good citizen of my country and company employee. We live and surrounded by people that we see all our life that leads us in taking the path they’re doing in front of you. Corruption is not only present on our government, big or small businesses have and the sad part is that even our home is infested by it.

I don’t think bitcoin can change it, it won’t be good enough to even straighten the curve attitude of a people to corrupt others. Money has a bad effect to people’s way of survival and that will last until the end of this world.

[Reatim]

In every society, corruption is a part of the economy. We hate it, because we know how it can negatively affect a country in long term. For those who do not really care about politics, you can read this article and imagine how corruption is going to mess up your children’s life and the life of the latter generations.

“Corruption affects us all. It threatens sustainable economic development, ethical values and justice; it destabilizes our society and endangers the rule of law. It undermines the institutions and values of our democracy. But because public policies and public resources are largely beneficial to poor people, it is they who suffer the harmful effects of corruption most grievously.

To be dependent on the government for housing, healthcare, education, security and welfare, makes the poor most vulnerable to corruption since it stalls service delivery. Delays in infrastructure development, poor building quality and layers of additional costs are all consequences of corruption.
Many acts of corruption deprive our citizens of their constitutional and their human rights.”

You can read more at:
http://www.corruptionwatch.org.za/learn-about-corruption/what-is-corruption/we-are-all-affected/

One of the reason I love BTCBitcoinBTC so much is the fact that this type of Blockchain-based currency, at first glance it’s just looked like an anti-corruptors currency for the people. BTCBitcoinBTC is secure, fast, low in fees and transparent.


But does BTCBitcoinBTC the REAL solution for anti-corruptor?

YES and NO.

Yes, the transparent part seems like a bad idea for someone who has the intension of having/doing questionable acts.

But the anonymous part, on the other hand seems like an even GREATER idea for those corruptors.

I love to listen to your opinion about this topic.   

Hail to the Blockchian

No bitcoin is not the solution to corruption because it was not design to do. The only drawback is that it is being used for corruption but some scrupulous individual. But don't put the blame on bitcoin. Corruption has been going on in our society for centuries. And the argument that bitcoin is being used for illegal means like drugs or corruption is flawed. Check the fiat system. Even the dollar bill is physically tainted with cocaine/heroine.

[blueteam09]

Bitcoin is not a place for money laundering but because of its high security, illegal activists may choose it as a place to wash money properly. Because it is a virtual currency and no one manages it so they will use it to buy large amounts of bitcoin with the money they earn illegally but no government can intervene. Nowadays, investors in the field of cannabis through bitcoin do so without tax or the state controls you.