Politicians fear cryptocurrency because it will stop corruption.

[mimienamphine]

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

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[Cassy14]

Politicians are nowt afraid of cryptocurrency, actually this will made them more safe in having corruption.
it is just now that banks and elites are paying politicians to make steps on stopping the movement of cryptocurrencies especially bitcoin.
as this is a thread for them and a start for all the people to control the currency.

[ajqjjj]

Obviously, politicians are fear to this decentralised cryptocurrency. But they are all invest in centralised Cryptocurrency government is supporting to politicians because they only control the government so centralised platforms are favour by politicians and Bitcoin is rule the crypto market so they are all fear in this platform.

[orions.belt19]

I don’t see how it will stop corruption. Corruption is rooted from greediness and I believe that politicians will continue to become greedy despite of the presence of cryptocurrency. How will that stop them from abusing their power and authority? They don’t fear crypto because they actually have the power to declare a ban. You probably heard some negativity from them because of how much money it generates and they’re probably just jealous of the people exploiting it when they’re the ones who should be able to exploit it for money.

[opg777]

I would like it to somehow help stop the corruption. But judge for yourself, most likely this is not possible. I will explain my opinion: Blockchain is a continuous sequential chain of blocks , which contain information, built according to certain rules. Accordingly, for example, if we order to bring all financial income of people to the register, give each wallet that will be registered in this register, we will see official figures. But the problem will be in another, any person will not have the trouble to create another purse and accept black money there. But there are other options for solving the problem of corruption. Honest presidential election, perhaps soon will apply the technology of blockchain to conduct transparent elections. State purchases, too, in theory can take place on the technology of blockchain. Accordingly, anyone can check this or that information. But my opinion will remain the same, the blockchain will affect corruption, but it is unlikely to eliminate it.

[lunaelucemauram]

Yes they are because of the decentralized nature of cryptocurrency where the people who are using it have the power, however remember that in every system there will be a loophole. For instance it can be the security factor of cryptocurrency that they can take advantage of as they can send a large sum of money with out any traces from where it has come form and it can be used in almost anything to buying drug to weapons as what some people do in the black market.

[neliawesome]

I dont think cryptocurrency will stop corruption.Yes they fear of cryptocurrency but I doubt if it is because of corruption instead they fear that economy of a country will get affected and of course they fear that their businesses will get down.

[adzino]

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Not only because of corruption, but also due to not having power over  bitcoin or other crypto currencies. That is why they are trying to regulate crypto currencies, so they can indirect have control over the currency.

I would like it to somehow help stop the corruption. But judge for yourself, most likely this is not possible. I will explain my opinion: Blockchain is a continuous sequential chain of blocks , which contain information, built according to certain rules. Accordingly, for example, if we order to bring all financial income of people to the register, give each wallet that will be registered in this register, we will see official figures. But the problem will be in another, any person will not have the trouble to create another purse and accept black money there. But there are other options for solving the problem of corruption. Honest presidential election, perhaps soon will apply the technology of blockchain to conduct transparent elections. State purchases, too, in theory can take place on the technology of blockchain. Accordingly, anyone can check this or that information. But my opinion will remain the same, the blockchain will affect corruption, but it is unlikely to eliminate it.

But at least it will somewhat reduce corruption specially on under developed and developing countries. Say they are working on a project and has a fixed budget. We can get to see where the money how the money is flowing (money going in and out) publicly. So any misuse the budget can easily be traced.

[amirmass]

Politicians are not afraid of crypto. It's just something they can not accept for now. Different areas of use are confusing. Mostly they can not accept terrorism because it is financed and used in jobs like money laundering.

[LeGaulois]

Corruption will always exist, with or without cryptocurrencies. Your point is invalid, especially since you didn't argument about the "transparency" of the cryptos. Also, if your point is the transparency, then what about the privacy-centric cryptos? Because <with them there is no transparency and full anonymity.

[microwave]

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

I think it's no, because when it comes to be corrupted principles many different ways specially this type of method wbich is crypto currency easy to use and easy processed specially for transferring of fund. We can not sure that politicians not doing something corrup because of fastest way of payment transfer.

[EVOS]

yes, I also think like you, they fear if the government uses blockchain to record all the activities of the country. they will not be able to corrupt again, this fact is very unfortunate

[nightxglow]

Well i don't think that's their reason to fear cryptocurrency. Even in fact, doesn't cryptocurrency will make it easier for them to corrupt? We know that cryptocurrency is anonymous and hard to track, so it will be easy for them to vanish the track if they corrupt with cryptocurrency.
And even, i think cryptocurrency can give them many advantages though.
But still i'm not really sure what make them fear crypto, other than those cliche reasons like it's threathening and bad for the country's stability.

[kive2k]

I wonder how this way of crypto currency can end corruption? I think it can be the other way around, for pumping money.

[Ucihashin]

politicians are just one of the many problems of rejection of crypto technology because the main enemy of crypto is banking and banker bankers who support bank banks worldwide

[hatshepsut93]

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Transparency of most public blockchains is more of an unwanted feature rather than advantage, and major coins like Bitcoin and ETH are working on improving their privacy. And there are already coins with strong privacy like Monero, and it can be used for all sorts of activities, including corruption.

The real reason why politicians are scared is because they don't want average joe to have tools for having shadow income, in the current political system this privilege is reserved for the ruling class and their cronies.

[The Sceptical Chymist]

Stating that politicians fear crypto is just unfounded speculation.  None of them have actually said that, nor is there any evidence that it's true.  In addition, cash is still way more anonymous than bitcoin and is infamous as being the vehicle by which corrupt politicians and other sleazeballs take their bribes and kickbacks and whatever.

I don't think most politicians even really understand much about crypto, much less have any sort of fear that it's going to put an end to corruption.  That's just not the way they think, IMO.

[googs84]

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

I don't know, may be I have different opinion than yours. Im pretty sure politicians are the one who must be very happy right now that crypto currencies does exits.  Well that is giving them the way to hide lot of wealth that they are carrying with them under subway, under table etc etc. 
Well, crypto currencies are transparent but they dont give us full information about who and from where the address was generated and whose holding it. Think about it twice.

[ReiMomo]

I don't think so because crypto currency will definitely going to reduce corruption but politicians will find a good way in cheating the people and earn corrupted money in crypto also because the corrupted head of the government is also corrupted. If the politicians come forward and stop corrupting people by themselves honestly, then there is a chance they or the country can stop corruption.

[qwirtiii]

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Politicians are hoping to help the people, to develop our country but eventually some of them they continue to overthrow the country. Because of the sharpening of its resources. They do not have enough of their receipts so they prefer to pick up they want or wealth of the country.
So I think ,they are afraid of the arrival of cryptocurrency because it do not have any taxes they corrupted and they can not get huge amounts of money in the govenment.