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?
Bitcoin is a powerful cryptocurrency and anyone who will abuse the power of it will be considered to be corrupt. It can lead to corruption anytime specially right now that the value of it has been rising a lot ever since. The corruption here should be avoided because it may lead to negative outcomes for each and everybody. We should use bitcoin in proper and avoid abusing the power it has so that there would be no trouble. 
Topic: Can Bitcoin also lead to corruption ? - page 18. (Read 51285 times)
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.
is very unfortunate because there are always people who want to use bitcoin to commit a crime as well as a crime of corruption by doing money laundering practices whose purpose is to inflate money on the rights of others.
Bitcoin cannot lead to corruption but it can become the source to transfer the corrupt funds from one place to another and that too in an encrypted form. The ledger or the block chain system does not provide the source from where that money has been earned. Moreover, black money can also be transferred by bitcoin and without any checks. Tax evasions are also possible because of bitcoin, so it will be better for the governments to legalize the bitcoin and sort out the problems it can create.
Because the blockchain is readable by everyone can clearly reduce corruption, but with crypto completely anonymous we return to the same problem
Bitcoin can be helpful in corruption the same or even less than fiat currency. Let's not forget that Bitcoin is not completely anonymous. Example - Ross Ulbricht (Silkroad).
Fiat currency will always be better for criminal activity.
Fiat currency will always be better for criminal activity.
IT can be but not it himself (beatcoin).but the person who handle in wrong way or use. sometimes if you love the money it become a root of evil. so it is important to be responsible to handle the money that will not bring you to corruption. it better to share your blessing instead to use in other way because it is a blessing of God. If you will not use it in good way it will bring you a trouble for you sure.
Bitcoin is not the of our government coz the government should make such curse as the government demands tax at all.so bitcoin is a cryptocurrency invest using online work method here in bitcoin.everyone who wants to buy anything .you much first work to the signature campaign ,secondly you can invest this first in your life .investment is the highest way to more currency .so in other words bitcoin is not corrupt like government ..bitcoin is an org.in the world.
Yes, bitcoin can really lead to corruption. If there is money involve many people will be corrupted by greed. We are all aware that the activities of BTC were involve many individuals. The more transaction the more people involve in money the more chances corruption to occur.
I think it depends on the people of where he use bitcoin if in criminal activities or corruption.But we dont want that dirty hands in bitcoin we dont want to harm it from those people.Bitcoin is money it is involved always in every activities that can lead to criminal activities.
It will depend more on the governments of the areas than people. It will be better for the governments to legalize the crypto currencies and then legislate accordingly to not let it to use in criminal activities. If the governments will hesitate, then people of that country will definitely find some underground links to trade in crypto currencies which will definitely lead to the involvement of bad guys of the society trading in the bitcoins.That is why it's important that they will legalize bitcoin to give them access on the necessary information relevant to detecting illegal transactions.
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And I think these governments are not legalizing the bitcoins only for the reason that they want complete information of what is happening around them. They need bitcoins to be controlled by them while on the contrary, bitcoins nature is totally against this. Bitcoins decentralization will never allow the governments to take full control of the system. This war is going on and we are suffering.
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 sure can! Just like cash, bad politicians or criminals will surely find a way to use Bitcoin in their evil doings. Since Bitcoin is open for everyone and that it is anonymous, these evil doers are free to do what they want. So Bitcion is not immune from these kinds of activities.
Theres a huge possibility that crypto oriented corrupt government officials are hiding their stolen moneys in cryptocurrencies specially Monero XMR. They can also use a third party Bitcoin mixing service to cut the transaction history from the blockchain.
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?
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?
In my opinion is not to make corruption but can be used as a tool for money exchange and payment of corruption. that means like money laundering, because bitcoin itself does not have record in government it will be easier for corruptor to use bitcoin / altcoins as payment for corruptor. if in a transaction using fiat then the government can be very easy to transcend all recording transactions that occur, when using bitcoin the government can not track the flow of funds used by corruptors, because there is no clear regulation of digital money so the more easy to use bitcoin as a tool exchange / payment. Maybe point as above. that's my opinion
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 was always and will be, only very rapidly growing and spreading. So any thing that has at least some value can be used in corruption. And it is impossible to win.
It would be more correct to say that bitcoin does not lead to corruption, but is used in it. The human greed leads to corruption, and the currency is only as a link for the implementation of a corrupt deal.
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 was always and will be, only very rapidly growing and spreading. So any thing that has at least some value can be used in corruption. And it is impossible to win.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?
I think it is possible that bitcoin can also lead to corruption,because corruption is everywhere not only on Government but also in business.you cant prevent corruption in terms of money.And i think sometimes no, because some of a manager is really good and then some of company is good to people.
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?
I think yes! Bitcoin may lead to corruption if the dev or the bounty manager will keep the money after his or her project succeed. If he/she will not pay the members who participated or joined the said project. So, the members may think it is a scam but maybe they don't know the money is being hold by the dev.
Although bitcoin can cause corruption but in fact this can be overcome bitcoin transactions that are very easy to trace. but I wonder why so many people worry about it
It definitely can be used for corruption -- non-traceable, non-physical money. But honestly cash is already almost the same, so don't think it will increase corruption levels as it doesn't depend on tools but more or people.
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?
I think bitcoin is so close to corruption because corruptors can use bitcoin as a money laundering tool. That's what I worry about because it will cause the name of bitcoin tainted by irresponsible people like koruptor. Hopefully bitcoin will keep running even though many obstacles are blocking. Jump to: