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

[AlexInTheOcean]

It depends on how you apply it. I'm dreaming of using the blockchain for election, full transparency and legitimacy.

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[Fatunad]

It depends on how you apply it. I'm dreaming of using the blockchain for election, full transparency and legitimacy.

That would be a good option too but i do believe this thing would be prone on being manipulated or fraud votes. I dont know if a certain project would able to patch up the flaws on this kind of ideas but im hoping the same thing too. Going back to topic bitcoin isnt really avoided to be used on laundering money because it is anonymous which is the perfect recipe on hiding transactions and keeping out those corrupted money.

[yojodojo21]

I choose "Yes"
Yes, If Bitcoin Will be used legally and not corruptly then Bitcoin can be The Way To Fight Corruption for Economy Progress Because Bitcoin can Help Every Individual of The Respective Country. And if Everybody Is Rich Through Bitcoin  Then There will be no corruption. (hope so) we can be a cashless society buying Things in any merchants through crypto currency Transaction, that should Be transparent so that every Liquidation of Tax should be visible.

[MisterPrada]

I'm iffy on if pushing the citizinry into the cashless society is a good idea from a tyrant perspective. Yeah, you'd know everything the people do with your money, but you also effectively make fiat the same thing as bitcoin in the average Joe's eyes, making bitcoin adoption alot easier. Especially if the only private or superior products are all accepting bitcoin.

I think Star Wars has a quote for this. Something about a tight fist and star systems leaking out.

[Gozie51]

I choose "Yes"
Yes, If Bitcoin Will be used legally and not corruptly then Bitcoin can be The Way To Fight Corruption for Economy Progress Because Bitcoin can Help Every Individual of The Respective Country. And if Everybody Is Rich Through Bitcoin  Then There will be no corruption. (hope so) we can be a cashless society buying Things in any merchants through crypto currency Transaction, that should Be transparent so that every Liquidation of Tax should be visible.

In my view, I do not see bitcoin extricating the phenomenon of corruption in human society. In fact, corruption is endemic in human life. It has been with human from inception of the world, that cheating has always trived.

Things like self aggrandizement and personal enrichment has always been and there is no correlation between bitcoin and eradicating of poverty.

Meanwhile, everyone can not be rich with the  creation of bitcoin because, it is not everybody that get to be informed about bitcoin nor believe in it.

[lili song]

For me I see bitcoin is the way to fight corruption. But money launder I believe it can be happen, because bitcoin transactions government can control and can track the detail of the sender. But actually bitcoin is smart way to invest for the investors.
Bitcoin can make people life better, because is long term investment.

[selectaselectine]

I don't see the need to connect bitcoin with corruption. Corruption is done by a greedy person, meaning it's an action done by a person or group of people. Bitcoin won't be able to win against corruptuon because it has nothing to do with it.

[bitcoinvamp]

I don't think bitcoin has anything to do with corruption as it is all part of the government sayings and there plan to demolish bitcoin at some point. But , saying about money laundering through bitcoin ,i think it has been widely used by people in different countries. As bitcoin is untraceable the people find it as a good way of laundering there money.

[nemesis_]

I don't think that we can involve bitcoin with this "corruption" and such or even just connect it. As people uses this personally. Some government banned the use of bitcoin, so I don't think that it will help in fighting corruption. Also, I believe that if people wants to do something illegal they would always find ways. Even if the government will legalized the use of this and do it to avoid corruption, people who are greedy enough will do illegal things and corruption will take place. But maybe it will also depend on how we use this and what actions the government will do.

[dokie987]

Bitcoin can go both. It depends on the one who use it. Bitcoin can be a way to fight corruption if they wanted to, but it may also used to money laundering.

[stomachgrowls]

I don't think bitcoin has anything to do with corruption as it is all part of the government sayings and there plan to demolish bitcoin at some point. But , saying about money laundering through bitcoin ,i think it has been widely used by people in different countries. As bitcoin is untraceable the people find it as a good way of laundering there money.

Bitcoin has really nothing do on fighting corruption infact it would rather add up the case of corruption due to its feature which is anonymous and untraceable.Same as you said that's why they do really plan to demolish it because they do know its capabilities and possible things to happen when people do have knowledge regarding into it.

Bitcoin can go both. It depends on the one who use it. Bitcoin can be a way to fight corruption if they wanted to, but it may also used to money laundering.

Sad fact that people are entirely different on decision being made and bitcoin was just really a tool which is capable on doing such things.