I think Bitcoin will not lead to corruption, it's just a tool to help covering the corruption . The greedy of human leads to the corruption not bitcoin.
That's the point of it. Due to the great features that bitcoin offers, it opens up a lot of opportunities for greedy people to launder their money. They can easily use bitcoin as a front since it is not that easy to be traced. The greediness of human is just another factor that amplifies their urge to use bitcoin in bad things but they should be aware that the government knows that they are using this kind of technique too. 
Topic: Can Bitcoin also lead to corruption ? - page 19. (Read 51258 times)
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 should understand that the emergence of corruption is not caused by the existence of money, but by the existing mode, the system and , first of all - people.So, bitcoin is money, that's why the notion of corruption is also closely related to them.
Corruption is always accompanied by politicians and business. Because of the benefit, there will be corruption. It is almost impossible to be fully transparent. Block chain technology may help to eradicate corruption in some aspects. For example, if voting is applied to the centralized block chain, it will greatly restrict politicians from voting. Of course, bitcoin is likely to be used by them, because bitcoin transfers are more anonymous, and it looks simple to use bitcoin bribes.
I think Bitcoin will not lead to corruption, it's just a tool to help covering the corruption . The greedy of human leads to the corruption not bitcoin.
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 already leading to corruption. Many people use bitcoin to make their black money white and expand at the same time. That's why many governments have banned it and others will do it soon as it expands. Now lets see how long it takes for this bubble to burst. Hope for the best 
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 indeed susceptible to corruption. With its current expensive price coupled with greedy people then we cannot do away with corruption.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.
But in some cases people have black money they can invest that money in bit coin so I think it could be a corruption activity. Because bit coin gave us totally privacy so nobody can check our bit violet so that’s why that black money could be save.
Anything that has money involved is prone to corruption. If you are to look at a much bigger picture, Bitcoin is decentralized which is an advantage for those people who have bad intentions. A decentralized economy is a very much complex and every transaction are quite impossible to tract. Having that said Bitcoin could be used as a form of payment for illegal activities by any person who intended to create chaos.
What more if these Government officials got involved? Most likely they could abuse the advantages of Bitcoin that can also lead to corruption. These people can easily avoid paying higher taxes as they can convert it some of their assets to Bitcoin. Also, we can't deny the fact that some of these politicians engage in an action in which they support or finance a terrorist group to go against the Government.
What more if these Government officials got involved? Most likely they could abuse the advantages of Bitcoin that can also lead to corruption. These people can easily avoid paying higher taxes as they can convert it some of their assets to Bitcoin. Also, we can't deny the fact that some of these politicians engage in an action in which they support or finance a terrorist group to go against the Government.
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 indeed susceptible to corruption. With its current expensive price coupled with greedy people then we cannot do away with corruption. 
May in can lead to corruption becuase. Bitcoin like money is no exemption. Bitcoin can give people power, financial capability, we know bitcoin is able to trade with USD so, its have chance to used in a corruption. Sspecially in this digital currency. Positive side will make the bottom of the start to improve their financial problems.
As they said btc and really equal to money or any other object that has some value, many people in the current scenario corrupt for much less than btc. Example of this you can have in your day, in supermarket boxes where they are diverted cents, in the butcher where they deviate the price of the meat or even in a fuel station where they aduteram the product, that is, if even banal things like these corrupt a person imagine the btc that has a high value.
Corruption and money laundering for sure, one of the most normal uses for BTc around the world.
In case you guys missed it, recently FBI arrested some lady for money laundering and donating to ISL in Long Island, New York. And, When I first came to know about this, My first idea was Bitcoin is used in silkroad or darknet as currency. Well, these days many people talks about it and hold some cryptocurrency. It's becoming mainstream day by day. So yes, It'll may be used for 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 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.
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.
I believe that everything that has to do with money can lead to corruption. Bitcoin is money, so it can also lead to corruption. We don’t even need to be told, cause there are already dark webs that can only be accessed by Tor browsers online. Do you ever ask yourself what is it that these people do on dark webs. It’s all part of that corruption we are talking about.
I agree that it will be much more difficult, but people will be able to do this...we are so enterprising in those things where we see the benefits...and unfortunately it will be a bad experience
I think bitcoin can be used as the instrument for corruption. Today bitcoin stays not so known and not so many people knoe about it. But in nearly future when bitcoin will be spreaded on our daily life and more people will talk about it politicians or businessmen can start to use bitcoin for their financial operations. The main factor here is that with bitcoin you can hide your indentity and such corruption money making can have place to be very often.
There's always a possibility. That's the thing about corrupt people, they would always find ways to ruin something good just to take advantage of others or the system itself to gain some profit and to put themselves in a position where they would have control, profit and power. Given that bitcoin has been having a record year in terms of gaining value, it would not be a fantasy to think that many syndicates or dark entities have already set their eyes in the bitcoin market to use it for some illegal or menacing purpose. For all we know, they are already devising ways on how to crack the security of bitcoin transactions because since it's online, there's always a room for it to be vulnerable against hacking and the likes.
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?
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.
There was never so easy to corruption or to shady activities that it is now, bitcoin is seperated money from fiat.
Since bitcoin can be considered as money, can it also lead to corruption?
Money has always been the source of corruption and bitcoin is money, as long as people can be bribe with anything like bitcoin it can lead to corruption.
Corrupt government official and staff would love to be bribe by bitcoin because it can hide their wealth from government offices who look at their annual income and properties.
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