Can Bitcoin also lead to corruption ? - page 20.

alisafidel58

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Quote from: speem28 on April 11, 2017, 12:02:34 PM

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.

Flexibit

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Corrupt governments tend to declare Bitcoin illegal while countries with good governance have a friendly regulatory framework for Bitcoin. It's that simple. Really.

plain_lame

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Quote from: Cryppy_guyL on December 18, 2017, 01:27:55 AM

Quote from: speem28 on April 11, 2017, 12:02:34 PM

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.

But the affect of Bitcoin on the corruption is really clearly , they have the new way to clean their dirty money right?

Cryppy_guyL

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Quote from: speem28 on April 11, 2017, 12:02:34 PM

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.

stadus

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Quote from: Xanxus024 on December 17, 2017, 09:16:25 PM

Yes because there's money involved. Corruption can occur both private and public industry especially in public that's why government want to control the cryptocurrencies. Usually corruption appear to those greedy people and we all know bitcoin has a big value now so they can used it to bribe people.

It's the the decision of the people to do illegal things, bitcoin has a good value therefore it's not possible it can be use for illegal activities.
What we should know is that bitcoin is transparent, if you do illegal transactions you will surely be trace the soonest.

Xanxus024

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Yes because there's money involved. Corruption can occur both private and public industry especially in public that's why government want to control the cryptocurrencies. Usually corruption appear to those greedy people and we all know bitcoin has a big value now so they can used it to bribe people.

dongyi17

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well.. I think it can be...as long as there is people who always want to take advantage over something just to get for themselves, .. they're always have a way of getting it, they know a lot when comes to corruption because money for them is everything if they have it, they can do anything, they can go anywhere corrupt people regardless of status in life are manipulators their greediness over money is beyond their position it becomes their lifestyle.

kimochidesh

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First of all, we need to understand that greed is the root of corruption...politicians or bureaucrats misuse their power and use unethical ways to earn money that leads to corruption.
Yes, BTC can become a powerful instrument for corruption in future. It is difficult to keep cash as it needs safe space to it, on the other hand, BTC wallets need no space, are theft-free, easy to carry and funds inside them can easily be transferred. So BTC can be served as the biggest source of corruption.

btcminer6212

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Quote from: Isaak Bitcoin on December 17, 2017, 06:41:46 AM

Bitcoin or another crypto currency will not be able to defeat corruption. Anonymity in sending money, on the contrary, stimulates bribery.

no i don,t think so.in my opinion.It's not that we're blaming bitcoin over corruption, Yes we know that in almost every place or country there is corruption and those greedy people are doing it in almost exactly the same. Sometimes they get easily caught because we all know that they're doing it with some investigation on their 'transactions. The point here is that due to the features of bitcoin like its anonymity, we really can't track their transaction so this can be used as a way to hide their corrupted money.because corruption is corruption .if you want to do corruption then you can,t blame anyone for this.

Saidmod

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Quote from: donnie.darko on December 17, 2017, 11:49:11 AM

According to Wikipedia, Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefit. Corruption is very dangerous because can make vey bad impact, it can even make people become poor and the country gets worse. Unfortunately the current corruption can happen anywhere including through the current internet help, so there is a possibility it happens through cryptocurrency.

From the definition you had given, it is clear that bitcoin can also be used by greedy people for corruption. Unfortunately, corrupt people and scammers are very wise with regards to doing bad just to earn money.

donnie.darko

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According to Wikipedia, Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefit. Corruption is very dangerous because can make vey bad impact, it can even make people become poor and the country gets worse. Unfortunately the current corruption can happen anywhere including through the current internet help, so there is a possibility it happens through cryptocurrency.

BlackRock

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No doubt corruption has become a very bad disease of our nation. It has spoil the future of the generation and the people who are involved in corruption are very greedy and they sell the rights of the deserving people to the non deserving people and it is being happen since the bitcoin was not invented so we cannot blame the innocent bitcoin for it, if they will not use bitcoin than they will use something else so bitcoin is not the reason or it is not leading towards corruption.

Bondho Kompeni

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We do not need to be afraid, corruptors will not dare to put corrupt money into bitcoin because they know that prices can go up and down hundreds of percent in a month, I'm not sure they dare take the risk by putting money into bitcoin.

beej

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Quote from: speem28 on April 11, 2017, 12:02:34 PM

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?

Any form of wealth is susceptible to corruption and greed. With bitcoin's current
value, it will surely be exploited at some point and manner. The people who will
take advantage of bitcoin's attractive features and characteristics are the ones
who will cause all the decadence. Because of it's decentralization, privacy and
anonymity, it will surely be an ideal preference for corruption.

vergel24official

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Like a person corrupt in an organization or government and convert those stolen money to bitcoin, we all know bitcoin has anonymity cannot be traced, so if that's the case bitcoin also lead to corruption.

Vritesh

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My answer to this question will be a yes because Bitcoin is not controlled by government .It is decentralized .There is no way for government to know whether a person is having some Bitcoin's and if yes then how much of them they have .Only the holder knows about his balance and no one else .So it can definitely leads to corruption.

NavI_027

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Yes! bitcoin may also be used in corruption and this is more favorable instrument for bad people compare to the usual fiat money because of its anonymity.

But in my opinion, I think we cannot connect bitcoin when we talk about the corruption existing in a government because first of all, they do not fully embraced btc. Therefore, it can't penetrate their system and able to be use in corrupting. But if there's a chance, I'm sure that btc will create a better way for bad officials to deceive their countrymen.

Bohxz M4p4gm4h4l25

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Quote from: speem28 on April 11, 2017, 12:02:34 PM

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?

Well come to think of it, Bitcoin is very open platform for us to work on, of to gain profit in which people who have more than an average knowlegde regarding this platform can change the game, they can hack or scam even corrupt other people's profit which is very unfair for us this is unreasonable activity to be done here and yet to open to be done.

BUK2016

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Quote from: speem28 on April 11, 2017, 12:02:34 PM

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?

Well, bitcoin will not lead to corruption but a corrupt mind is a corrupt mind and bitcoin will only help or encourage corrupt minded people to hide money or transfer their ill gotten wealth to different location without government knowing that such individual has such amount of money.

Isaak Bitcoin

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Bitcoin or another crypto currency will not be able to defeat corruption. Anonymity in sending money, on the contrary, stimulates bribery.

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