Do you think that bitcoin can reduce corruption?

[Shutup]

I think bitcoin will reduce corruption because all people might have income in bitcoin as long as you know how to follow instructions on bitcoin. Nothing is impossible -when you want to do it. Bitcoin can give a job to all people liking bitcoin. And if all people have income the community is progressive so maybe they don't have have a reason to corrupt in the government.

[Pixyoxx]

See the government always has the right to ban whatever they think is fringing with their system at any possible time. But that being said, imposing taxes on the bitcoin earning would rather bring in a revenue compared to just simply banning it.

Now as far as corruption is concerned, Bitcoin can possibly handle corruption is a fairer way compare to what the normal paper money does. For the fact that bitcoin or any other cryptocurrency is simply a cloud money, this is more secure to theft and robbery. Also the data behind every transaction of buying, selling, give or take is trailing behind the transaction itself which makes the whole platform very transparent on its own.

The government would rather allow the transaction over bitcoins and will preferably bring some sort of regulations over it to safeguard its own position. Obviously, no government would want to go full board in hands of some decentralized miscellaneous cryptocurrency.

[Mystika]

I dont think that bitcoin can reduce corruption. Politics have the power to manipulate everything, so if they saw that they can earn or benefit from it, they have the power to pass a ball stating that every transactions specially in bitcoin they should have a cut on it. It would be a complex process but in the end they can still gain benefits from it.

[joshua10]

so much of bitcoin can solve the difficulties in our country as now the btc value is so high in the market because I have seen the effect of bitcoin on me almost before its current life maybe if everybody is watching over bitcoin is sure to change its fate so for me it's a bitcoin to resolve the coraption in our bans

[snedyolo]

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 actually doesn't matter what it is, bitcoin or regular money, if the official is really greedy then corruption cannot be avoided. Although, in bitcoin's case, every transaction is recorded on the internet, so it is good for monitoring the money coming in and out of a specific sector or office. So, I guess it possibly could reduce corruption.

[Xanxus024]

That is very true government want to ban all crypto currencies, But at some point they want to implement a law by putting tax on it i think the effect of that it may lead to corruption and the privacy of every users will be affected the decentralized form will change because government want to take control.

[cryptojac17]

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?

In some cases it helps to minimize the corruption. And it all based to the people who are valuing the money. We need to to know how important money and used it in a good way of living . Dont just try to used for illegal thing or some politician who used ot for corruption dont do the same thing to make our world better.

Corruption will always exist in every organization, government, and even some company it still exist . But corruption will exist in many form it maybe in form monetary some will ask you favor in return of some position in the govenment  or in the company. Worst thing of corruption is since it not in the process of proper selection it might as will put not a right person in a right position. Usually corruption exist prosper by the used of money .bitcoin can help money trail in case of investagation .

[thomas41546]

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?

Not, but Bitcoin could increased the number of corruption on some country because Bitcoin is "Anonymous" and hard to track the transaction. Yet, until now if someone fill the fund for terrorism or criminal thing it easily to track by police and they will be arrested as soon as possible.

[Lupus Solitarius]

It depends. Apparently, bitcoin could increase the corruption, due to anonymity.
But don't forget, that any transaction remain recorder in the blockchain, so - is someone connect the bitcoin address to a a politician - any transaction will be known.
I think that corrupt people prefer the old and safe paper money...

[SummonKing2]

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 I can also eliminate government corruption because of bitcoin. There are many flickers now and we can not say that they are few because they are hiding just do not feel that they are shimmer. but because bitcoin can change the shimmer and help those needed. bitcoin in exchange for the government can help it with the poor and the government.

[somblennx]

I am not think there is anything to do bitcoin with reduce corruption. In fact, this seems to be a loophole for corruptors to launder their money into bitcoin, though yes it can be traced but certainly take more time than usual.

[Hotrod_88]

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 everywhere as long as the greed for the money is there every people can commit corruption and to start toxicating the whole bitcoin industry. But for now there are no oen source of the bitcoins ao there are no corruption that are occuring because the fees are cannot be considered as a corruption it is a matter of business because all of that are depending on the supply and the price of the coins. So for me cryptos there are no corruption so far.

[Hotel_Prodeo]

It depends. Apparently, bitcoin could increase the corruption, due to anonymity.
But don't forget, that any transaction remain recorder in the blockchain, so - is someone connect the bitcoin address to a a politician - any transaction will be known.
I think that corrupt people prefer the old and safe paper money...

I'm sure corruptors do not want to put money into bitcoin, they prefer to put money in safe foreign banks, they are afraid of putting money into bitcoin for fear of dropping value and corrupt money will be lost.

[orkoso]

That is very true government want to ban all crypto currencies, But at some point they want to implement a law by putting tax on it i think the effect of that it may lead to corruption and the privacy of every users will be affected the decentralized form will change because government want to take control.

I am also afraid that many countries will include draconian laws, but others won´t. The world won´t change and we will loose another opportunity to make it more fair.

[bitcoinmasterlord]

It depends. Apparently, bitcoin could increase the corruption, due to anonymity.
But don't forget, that any transaction remain recorder in the blockchain, so - is someone connect the bitcoin address to a a politician - any transaction will be known.
I think that corrupt people prefer the old and safe paper money...

I'm sure corruptors do not want to put money into bitcoin, they prefer to put money in safe foreign banks, they are afraid of putting money into bitcoin for fear of dropping value and corrupt money will be lost.

Yes they will not put all money in bitcoins but all most all politicians are invested in bitcoins this is 100% sure.

why they do not choose bitcoins means one reason is price variation and another one is this is digital money if they want to cash out again they must do it legal way because nobody will buy bitcoins for the paper money.

[Jose Mourinho]

It depends. Apparently, bitcoin could increase the corruption, due to anonymity.
But don't forget, that any transaction remain recorder in the blockchain, so - is someone connect the bitcoin address to a a politician - any transaction will be known.
I think that corrupt people prefer the old and safe paper money...

I'm sure corruptors do not want to put money into bitcoin, they prefer to put money in safe foreign banks, they are afraid of putting money into bitcoin for fear of dropping value and corrupt money will be lost.

Yes they will not put all money in bitcoins but all most all politicians are invested in bitcoins this is 100% sure.

why they do not choose bitcoins means one reason is price variation and another one is this is digital money if they want to cash out again they must do it legal way because nobody will buy bitcoins for the paper money.

I'm sure too, they have confidence that bitcoin prices will improve as many countries have legalized bitcoin, besides the anonymous feature of bitcoin makes everything easy and simple than having to open an account in overseas banks.

[NightCloudz07]

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 your right if the competition is getting hard it can be ban everything but if will have a big use to the economics it can be a great partnership.

[Ann Impas]

Once bitcoin will be legalize or the crypto currency in general that will help the economy with regards to the concern of digital transactions. Blockchain is a great platform which is open to public to check, therefore if transaction was done which is visible to the public eye, this will help lessen corruption. Let see.

[xandra]

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?

Absolutely they always ban everything if they see a threat or competitor,if government adapt crypto they are obliged to show transparency to the community and they cannot do their monkey business anymore but if ever there is a chance that they will adapt crypto currencies then it will be a good progress to our economy.

[Strongball]

Governments will get into bitcoins soon, either they will regulate and taxed it or
delay it. If they feel or accept it as a threat then probably they will reject it. I
hope things will work out well since bitcoins are really filled with so much
potential for everything. For now it won't reduce corruption, it is decentralized
that is something governments already took notice. But I think when it is
regulated, somehow with the government involved and implementing protocols
and regulations, maybe it will reduce or discourage corruption.