Do you think that bitcoin can reduce corruption?

[Yatsan]

Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?

I don't really think so, and maybe that's a different case. Cryotocurrency is indeed profitable but I don't really think that ut has a connection with corruption even if it involves money. Also, Bitcoin is decentralized and it makes every transaction anonymous without tax so there's no definite connection with the government. So in my opinion  cryptos are nlt related with corruption.

[playboy654]

Bitcoin will never stop corruption. Corruptionists adapt to any form of payment. Even if there is no money to take bribes will not stop. They will take eggs with chickens honey, etc. Corruption is stimulated by a double interpretation of laws.

Yes bitcoin is not a lead to readuce corruption but bitcoin user's are not a corrupted people because bitcoin is developing for that it is one of the investment for future uses of investors but corruption still going on all departments so the government will take a right move to reduce corruption if corruption will reduce in all countries there will be good economic world will be return to the people.

[severaldetails]

Bitcoin, like most other cryptocurrencies, is anonymous to a certain degree. Corruption needs a way how money can flow as anonymouse as possible. So for corrupt people it makes sense to use a cryptocurrency. That is unfortunate for the honest bitcoin user, but I do not think I am wrong with my estimation. I do not think that bitcoin directly leads to corruption, but it surely does not reduce it.

[budakjawa]

Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?

I think bitcoin will be able to reduce corruption across the country because bitcoin and blockchain technologies make transactions very transparent but bitcoin weakness is bitcoin does not include who owns the existing wallet so it will be difficult to track who owns the bitcoin wallet.

[Godric-Gryffindor]

Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?

Government transparency and accountability, which by the way the country need, has nothing to do with bitcoin, whether it is in business or in government, transparency and accountability must be the prime duty. Governments must focus more on how they can adapt with these changes, banning cryptocurrency and all kinds that according to them are threat to economy, doesn't add them virtue.

[RDNX]

Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?

It's already happened. Most country, nowadays banned Bitcoin. Not only that, China also banned ICO. But i believe, there are many countries that still want to learn and adopt blockchain technology. They seems not worry about cryptocurrencies, they only late about knowing blockhain technology. 

[fulmetal08larz]

I think yes it might be able to reduce corruption because of the information being available publicly but it could go the other way which I think will make it easier for those who are corrupt to launder their dirty money. It really depends on the people who use bitcoin and its technology. It's like a double-edged sword.

[Jesabela04]

Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?

I think corruption is something that bitcoin can't change. It is a negative and bad side of our government nowadays. Corruption is being greedy. It is an attitude of getting others earnings which is more like a thief. Bitcoin can't do somethings about it and these corrupt people might find bitcoin more interesting because they can make is as a way of corrupting more.

[boruto99]

but the reality all governments in this world hate the concept of bitcoin technology. maybe yes maybe no if bitcoin  can reduce corruption. if bitcoin transparan does goverment like  transaction transparent?? i think no..

[Harley29]

Bitcoin will never stop corruption. Corruptionists adapt to any form of payment. Even if there is no money to take bribes will not stop. They will take eggs with chickens honey, etc. Corruption is stimulated by a double interpretation of laws.

In my own opinion, there is no kind of currency can stop corruption even bitcoin because every person in the government corrupts, they are all greedy and all they want is to have power, even they look very nice they still corrupts. I also think the government would like to earn bitcoin because they are demanding taxes in other countries.

I also think like bitcoin could not be helpful in this regard, as we can see now almost everyone is greedy and corruption is everywhere now, it is not really possible to make it disappear from our community but only way for it is if government take a stick action again the corrupt people so this way maybe it get a bit less than now. We cannot blame bitcoin for corruption and cannot use it to make corruption disappear because corruption is a disease that needs strict treatment by government.

[yrrehc16]

Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?

Bitcoin cannot be defeated by just banning it as we can make other plan or migrate to another country, what will the government do is to file a tax for cryptocurrencies. corruption will not be less and much more to be much larger. any currency is not a thing on this, it is the people who have the power in government and have the access to the money of the citizen's tax!

[VclDm]

but the reality all governments in this world hate the concept of bitcoin technology. maybe yes maybe no if bitcoin  can reduce corruption. if bitcoin transparan does goverment like  transaction transparent?? i think no..

I think bitcoin is the best place to store corrupt assets, you can see the number of bitcoins held in China is huge because everyone knows that China is the world's leading corruption state. As a result, governments are adopting relatively strong policies on the use of bitcoin for fear of corruption.

[dulce dd121990]

Bitcoin will never stop corruption. Corruptionists adapt to any form of payment. Even if there is no money to take bribes will not stop. They will take eggs with chickens honey, etc. Corruption is stimulated by a double interpretation of laws.

There you have a point.Bitcoin can never change the corruption of the world ot even a single country. The only can change corruption is the people itself. Greed of a person is the core reason that leads to corruption.

[last7minutes]

Bitcoin will never stop corruption. Corruptionists adapt to any form of payment. Even if there is no money to take bribes will not stop. They will take eggs with chickens honey, etc. Corruption is stimulated by a double interpretation of laws.

Corruption and Bitcoin live separately. However, if you deal mostly with virtual currency, you have fewer chances to meet corrupted people. Meanwhile I am almost sure that this phenomenon will life until money exists.

[Harley29]

Bitcoin will never stop corruption. Corruptionists adapt to any form of payment. Even if there is no money to take bribes will not stop. They will take eggs with chickens honey, etc. Corruption is stimulated by a double interpretation of laws.

Corruption and Bitcoin live separately. However, if you deal mostly with virtual currency, you have fewer chances to meet corrupted people. Meanwhile I am almost sure that this phenomenon will life until money exists.

Correct! both of them are different it is not like that all corruption is being done with bitcoin. It can be anywhere not only with bitcoin but a lot of other currencies are being use for corruption, I know bitcoin will be high and people have become greedy to have it but it does not mean bitcoin is involve corruption. Well bitcoin cannot help in this regard but if government will make bitcoin legal then it is possible because bitcoin users will be traceable and people will avoid getting it as corruption.

[Crash21]

No way because corruption is not fiat currencies fault. Curruption is just a problem that people can't solve because we are just a selfish animals who can't stop taking more and more money.

[Thymoty]

Bitcoin can reduce corruption if developed, I think Blockchain system is the best in technology related to the world economy and transactions.

[orkoso]

Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?

Seriously speaking, government does not care about cryptocurrency specially, the uses of cryptocurrency to the necessities of human being. A side of that, they wanted cryptocurrency to be vanished because it seems like cryptocurrency will be their great enemy and problem.  If cryptocurrency will dominate the world then they will not control the system.
Banning of cryptocurrency all over the world will help the govern to atleast hold their citizen.

I think that there are enough news out there to disprove your idea that goverments don´t care. China banning BTC exchanges, heavy regulations in Korea, the SEC busting ICOs, ... They seem to care, and to care in a nasty way.

[dificanovi]

I think bitcoin can reduce corruption because the poor can get rich with bitcoin. usually people who are corrupt are people who really need money to buy something very important, so all human needs can be fulfilled by working on bitcoin.

[BartS]

Somehow it will reduce because the status of income for some individuals will be improving. We never know some of these individuals are politicians. In this way they will no longer be tempted to corrupt. On the other hand, bitcoin may lead them or some people to do crimes.

Those that are corrupt individuals never have enough, they are greedy, if they could be satisfied they will not be corrupt in the first place so it is naive to think that just because bitcoin is going to give them a better quality of life they are going to stop stealing and doing bad things, in fact it is likely they are going to try to take advantage of the fact that no one can take bitcoin from them, that way even if they are caught, it is going to be impossible to recover that money.