Can Bitcoin also lead to corruption ? - page 23.

Darknight31

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Quote from: BitFinnese on April 11, 2017, 04:32:56 PM

Quote from: Janation on April 11, 2017, 03:17:47 PM

I think there are a lot of definitions of the word corruption in the dictionary and I think, Bitcoin can lead to corruption based from the definition that I know. Corruption for me, is when people use something but that something is not for that people but for other purpose or other people, though in bitcoin it can be called on another word. For example, I am running a signature campaign, lets say it is A signature campaign. My campaign manager is X and been my partner for 6 years. I trusted him so much, that I put the whole 10 bitcoins to the address of the campaign. After that I didn't hear about him or what happened to my bitcoins, as far as I know, he run off with my bitcoins, and used it not the way it will be used.

You can just simplify it by saying, to exploit people and or do that is immoral.

Definitely anything that can bring power or trigger greed can corrupt people. Bitcoin like money is no exemption. Bitcoin can give people power, financial capability, and fame. If a person cannot get enough of these with Bitcoins then he can turn into a corrupt person exploiting everything he can to get more of what Bitcoin offers.

Bitcoin is not different from money that can lead anyone into corruption. Specially bitcoin is a digital currency that can give someone the power, financial stability that can trigger them to do something bad. Can get them trigger to be greedy, much worse can turn them to be corrupt. That if they will not be satisfied with what they have they'll do bad things.

LyQaN

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ya totally, you yourself have actually answered the question, bitcoin is used as source of income people use it to buy things , so corruption can be there or is there because the thing is actually being used, things that add to corruption related to bitcoin is its nature of anonymity ,decentralization. you can not control anyone of sending bitcoin to others ,moreover as bitcoin supports fast peer to peer transaction around the world corruption can link together on global level.

Emem29

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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.

Protected101

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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.

balakang00

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Bitcoin is money and money is one of the reasons that there is a corruption. People will use bitcoin for power and manipulate other people that needs money. As long as money is involve, corruption will always be there.

tinystone26

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Quote from: Bondho Kompeni on May 26, 2017, 08:19:16 PM

I think it depends of the person's mental and personal, without the bitcoin if someone obviously clever corruptor minded individuals to hide their money corruption.

I think I agree with that it depends on people who think that this can possible.

christina30

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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?

Bitcoin can lead to corruption. Well corrupt people can use bitcoin as a payment gateway which they can transfer money whether it is a good or bad money easily because they can't be track down by the people who want to detect them.and it seriously leading Bitcoin for corruption.

Copulative

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Quote from: Junard619 on November 21, 2017, 12:08:34 AM

Sure and it's happening now. These corruption are similar to the use of Criminal Payments in their hired killer. Or is price manipulation.

NOPE there is no possibility of corruption in bitcoin forum because
Bitcoin forum has a strict rules and regulation and and if anyone can going against these rules then forum administrator will take action against them. So there is no possibility of corruption in bitcoin forum

jam22

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Yes, it might lead to corruption by the means of trading drugs but the government keeps an eye on them.

tittensor

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Quote from: ausbit on December 09, 2017, 01:48:47 AM

Quote from: CowboyKiller on December 07, 2017, 04:07:31 PM

Quote from: Japinat on December 06, 2017, 12:17:07 AM

Quote from: fuer44 on December 05, 2017, 10:11:13 PM

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?

I think it can, and it can be very easy to happen. bitcoin transactions can be done anytime and anywhere "without going through the bank". it would be very easy to do money laundering using bitcoin.

Remember that you are using the blockchain, all transaction are transparent, never think it's untraceable and easy to do money laundering because when the government will be after you, they can make all necessary actions to trace your transactions and will make you liable if you are proven doing illegal activities. They have the means to do it, there might be some delay but you can be trace if they do their job.

How to track me if I do not use any exchange? I can use dark web, private transaction, use mix service for my transaction ... to help my address and transaction can be anonymous. No one can tracks me as long as I do not show my name + my address for anyone.

You are very much right in your opinion but the thing is the problem is with ‘I’ not with bitcoin. If this ‘I’ stops doing all these wrong things, stop using dark web etc., The bitcoin is not going to do nay harm to anyone. Even before bitcoin, there was corruption, there were many transactions made which were without any identity, they were not easy to track. So in short, the problems is with users, not with the machine.

But with the Bitcoin technology from Satoshi Nakamoto, the government will need to spend more powers and get more troubles to know the crime and the transaction for crime. It is so hard to know the owner of a transaction hash though you can know all data information of this transaction hash, but you can not know the identity of owner.

Beicin

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Unfortunately, everything the humans touch ends up plagued with corruption, caused by greed and too much ambition... With Bitcoin is no different, but a decentralized and trustless system makes it much more transparent and easier to spot frauds and corruption. We just need to be united as a community and diligent in correcting those who do wrong.

the rise

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Quote from: alexsandria on December 09, 2017, 12:55:38 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?

Yes of course. Because we all know that bitcoin today has a lot of impact in our society and we all know that most of the people now depends on bitcoin. And many bitcoiners are invest on in because they want a bigger income. Bitcoin is good in terms of value but will be bad if many people will going to be greedy and people may lead to corruption.

bitcoin must accept the fact that if it must be acknowledged globally it must eliminate the anonymous nature and begin to try transparently in every transaction, if this is not regulated and the state does not play an active role then bitcoin will continue to be labeled as the source of massive mega-corruption diseases. An official regulation is required for all crypto business developers and users so no one dares to do laundry if the punitive consequences are very strict.

lenovo16

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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?

Ofcourse it can. If a person is driven by his greediness that will be happen. Because they want a lot of earning they going to do illegal in order to have it. For example users were going to make many account then they let it to enter a particular campaign. And that can be consider an example of curruption.

hermanrz

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I think it could only happen because it can be categorized with money laundering. But it could happen if the perpetrators of corruption, knowing about bitcoin

ariewashere1

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A DumpCash pump without any new inforatio to esul in t. For thns reason its called DumpCash simply because it will likely ibme l again especially with other alts that actually work better and without the special interestrtieft

ausbit

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Quote from: CowboyKiller on December 07, 2017, 04:07:31 PM

Quote from: Japinat on December 06, 2017, 12:17:07 AM

Quote from: fuer44 on December 05, 2017, 10:11:13 PM

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?

I think it can, and it can be very easy to happen. bitcoin transactions can be done anytime and anywhere "without going through the bank". it would be very easy to do money laundering using bitcoin.

Remember that you are using the blockchain, all transaction are transparent, never think it's untraceable and easy to do money laundering because when the government will be after you, they can make all necessary actions to trace your transactions and will make you liable if you are proven doing illegal activities. They have the means to do it, there might be some delay but you can be trace if they do their job.

How to track me if I do not use any exchange? I can use dark web, private transaction, use mix service for my transaction ... to help my address and transaction can be anonymous. No one can tracks me as long as I do not show my name + my address for anyone.

You are very much right in your opinion but the thing is the problem is with ‘I’ not with bitcoin. If this ‘I’ stops doing all these wrong things, stop using dark web etc., The bitcoin is not going to do nay harm to anyone. Even before bitcoin, there was corruption, there were many transactions made which were without any identity, they were not easy to track. So in short, the problems is with users, not with the machine.

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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?

Yes of course. Because we all know that bitcoin today has a lot of impact in our society and we all know that most of the people now depends on bitcoin. And many bitcoiners are invest on in because they want a bigger income. Bitcoin is good in terms of value but will be bad if many people will going to be greedy and people may lead to corruption.

Xenoph0bia

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Quote from: CryptoDens on December 08, 2017, 03:06:45 PM

To become corruption is not just Bitcoin alone, in any form can be used as a means of corruption of the corruptors in the party organization as well as others. It all depends on how we take advantage of technological developments, especially in this digital currency. Positive side will make the bottom of the start to improve their financial problems, because the impact of the world economy is weakening or other words economic crisis. Bitcoin can serve as our starting point to get started. Maybe one day can apply a security for bitcoin that can catch the corruptors who deliberately use bitcoin as a means of corruption. I do not know how, but there is a possibility that it can be applied to reduce corruption.

Yes definitely bitcoin leads to corruption.We cannot say that bitcoin is made for corruption.We human beings need money.We can do anything to earn money.Bitcoin is one of the way to earn money.Since it is not under the control of any central bank or institution,therefore no taxes can be implied on it.Here people evade taxes.All the black money of people can be transferred through bitcoin and can be stored in the bitcoin wallet.Only the donor and receiver knows about the details of the wallet.

CryptoDens

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To become corruption is not just Bitcoin alone, in any form can be used as a means of corruption of the corruptors in the party organization as well as others. It all depends on how we take advantage of technological developments, especially in this digital currency. Positive side will make the bottom of the start to improve their financial problems, because the impact of the world economy is weakening or other words economic crisis. Bitcoin can serve as our starting point to get started. Maybe one day can apply a security for bitcoin that can catch the corruptors who deliberately use bitcoin as a means of corruption. I do not know how, but there is a possibility that it can be applied to reduce corruption.

teamcryptonator

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Quote from: tats14 on December 08, 2017, 04:05:09 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?

Maybe yes, maybe no, because we human being in this world is existed to live, so on, we need money, and it is maybe bitcoin can lead us to corruption because it is a currency, when you say currency it is our daily need.

All things become easilier than while the government want to use Bitcoin for corruption. No one can knows the government are using Bitcoin to receive money from corruption, that is one of the advantages of them, but if they accept Bitcoin, it means they also accept their corruption, is right Grin

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