Topic: Can Bitcoin also lead to corruption ? - page 16. (Read 51285 times)
Bitcoin can actually be a solution to the problem of corruption in various worlds because bitcoin provides a transparency system for all transaction activity. However, if you want to realize bitcoin as a solution it is necessary for cooperation between bitcoin developers with the government of a country so that transactions of government officials can be monitored by the agency that monitors the state finances.
maybe bitcoin blocked in some country because of this? the corruptor use bitcoin as their media for receive or send that dirty money, as we know that if in bitcoin we dont know who is the owner of that address and its not trackable, it can but it will useless if somebody track the transactions
Anything that has to do with money can lead to corruption. Sooner or later people will find a way to corrupt bitcoin. As long as there are greedy people in this world there will always be corruption. That's the sad truth.
Thats not true, actually bitcoin will reduce corruption because all transactions are recorded, all people can supervise country's money. We will always know where the money send, there is no anonimity in this case because the owner of the wallet must be announced in the first time.
Bitcoin doesn't lead to corruption. People and their greed leads to corruption. Doesn't really matter which currency they use, whether it's bananas, camels, USD or Bitcoins.
We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
It can lead to corruption since the power of bitcoin nowadays is very strong wherein if the strength of it is abused, corruption will surely take place. We should also be careful always on spreading bitcoin knowledge so that we can avoid the misuse and greedy persons in it. Bitcoin should be used in proper and should not be corrupted so that trouble won't occur anymore.
People will do everything to make more money so easy even in a wrong way like corrupting. I couldn't say yes or no because I didn't heard about corrupting in bitcoin. As far as I only scam that I always heard. Anyways, I don't think bitcoin can be lead to corruption since they don't know about bitcoin they are only read about bitcoin but don't know it is true.
However because of the high price value of bitcoin maybe someday people will use it in bad ways it could lead corruption.
However because of the high price value of bitcoin maybe someday people will use it in bad ways it could lead corruption.
Well, of course - with anonymity - it's easier to make black payments, but this is true also with cash or with other forms of value.
I don't think that bitcoin could be related directly with corruption problems.
I don't think that bitcoin could be related directly with corruption problems.
Anything that has to do with money can lead to corruption. Sooner or later people will find a way to corrupt bitcoin. As long as there are greedy people in this world there will always be corruption. That's the sad truth.
Corruption is everywhere and i don't doubt about that, the thing is Blockchain technology is open for all who want to investigate bitcoin address is only only if they know who is the true owner of that bitcoin address then later on the wallet info
Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula.
As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.
we all know how corruptions happening here in bitcoin community,being As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.
decentralized posibility of having corrupt in every sides of cryptoworld..and so far
its undeniable and uncontrollable this needs a metal hand to take it down and with
a dedicated and responsible leadership.
Human are very creative. Anything can be lead to corruption.
We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Yes, some FIAT will be converted on bitcoin and you can do transfer to the wallet and another wallet just to make the transaction unidentified!bitcoin is a blockchain where the transfer is undocumented like the bank, therefore, corruption here is impossible to detect and can easily be done! this is the weakness of the cryptocurrencies which is one of the most exciting parts also, to be anonymous at everything worth money!
Any transaction involves with money has tendency corruption abides, Money are the root cause of evil, In this world, there are few people who adapted to do anything just to survive, and im sure all this things happen because of money,
Exactly, it's not bitcoin that has to blame because it was just a tool to commit a crime like corruption, everyone has different motives or purpose in using their bitcoin and since they have the freedom they can use it based on their will. The government should make a law to eliminate if not minimize this kind of activity using bitcoin, it will only lead to bad image of bitcoin for people who does not really understand what bitcoin is. 
Any transaction involves with money has tendency corruption abides, Money are the root cause of evil, In this world, there are few people who adapted to do anything just to survive, and im sure all this things happen because of money,
Corruption will come with any form of value and attempts at obtaining it in my opinion
Corruption in bitcoin works like the corruption in fiat. For example, politician will receive a payment in bitcoin or from any anonymous coin then erase their tracks. Meaning, anything that involves cash/money is always susceptible to corruption.
No, Bitcoin can not lead to corruption. It actually increases but in individual personal wallets. Getting assess to your password will be the only means to enhance corruption.Also if there is a manager of your wallet who knows your pass word and can easily log into your account, it is only then that such person will be able to have assess to your wallet and be able to steal your bitcoin. And that is the only thing that can lead to corruption.
A few days back, I read a thread where someone was accusing Bitcoin of facilitating drug trade. And now it is claimed that Bitcoin facilitates corruption. When will you guys understand that Bitcoin is just a payment medium?
yes sometimes it may lead to corruption
Yes being decentralized it can cause it and most if the people who are high profile and most of the government officers and politicians also use it for that purpose. Not from a specific country but all around the world it can be used as bitcoin can cause corruption, why am I surprised with this that can lead to money laundering but this is in my opinion bitcoin bitcoin will not cause corruption. We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Corruption can also happen to bitcoin since the value it has is very expensive. It can occur anytime that's why we should analyze first the people we are sharing bitcoin with. If we are going to be careless on sharing our ideas, corruption will surely reign since the number of greedy people here is increasing. It is very important that we use bitcoin with discipline so that it will keep on reigning as the strongest cryptocurrency existing.Jump to: