Topic: Can Bitcoin also lead to corruption ? - page 25. (Read 51285 times)
Characteristic of corruptors is trying to save money as safe as possible, before they save in foreign banks or do money laundering. but I'm not sure the corruptors want to save money to bitcoin because they understand there's a risk if the bitcoin price drops.
I don't think the word "corruption" can be used in this kind of ecosystem, why did I say so? because we all know cryptocurrency such as bitcoin works in a decentralized structure so no one is in control when you look at it in the bigger picture but if you look close to specific services then corruption might be use as a term but I bet to disagree I rather say its a tactical move to gain profit within a specific service offered to earn bitcoin and if you look at it is in a proper way because it is not compulsory taken out to anybody who holds bitcoin, it is more like a voluntarily move.
Bitcoin surely is already leading to corruption. Think about it. Think about just how corrupt the crypto industry is nowadays. Most of the ICOs are pure and blatant scams. Outright theft and the owners/founders are still not in jail. They do not even get prosecuted. IT is such shame. I mean I heard there was a billion dollars raised in September alone. Imagine how much of it was stolen/scammed. Sad.
Obviously not.But there are so many fake sites are available to hack our ETH account and other account. It is very harmful. Doing this work,many people use Bitcoin and also lead to corruption.
Of course, bitcoin can lead to corruption like any other currency with which you can make purchases. At the same time, in terms of anonymity, bitcoin has the advantage.
I don’t think so and if it will be used for that purpose this will not be the fault of bitcoin that totally depends on the investor and as before bitcoin cash money is also used for suck kind of illegal activities so the regions who are curious that this coin may will lead to corruption are mentally ill they are only seeing the negativity and so they must stop using cash because this is also used in corruption blaming btc is offensive.Of course, bitcoin can lead to corruption like any other currency with which you can make purchases. At the same time, in terms of anonymity, bitcoin has the advantage.
I don’t think so and if it will be used for that purpose this will not be the fault of bitcoin that totally depends on the investor and as before bitcoin cash money is also used for suck kind of illegal activities so the regions who are curious that this coin may will lead to corruption are mentally ill they are only seeing the negativity and so they must stop using cash because this is also used in corruption blaming btc is offensive. 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 happen anywhere and anytime, especially if in terms of money, everything is in the individual
In truth, every type of monetary matter can be used for corruption. That's another thing that most communities are worried about as bitcoin is quite valuable these times.
Well, as far as I know, one strength of bitcoin is anonymity. Where we can send and receive BTC's throughout the world, as long as you have an internet access. You don't need to indicate your full details when sending, which can be abused by anyone who does illegal activities. Just for the record, there are many fraud and scam cases which BTC is involved. Add to the fact that digital coins is not yet fully regulated by the government. If all politicians or public servants see through it that way, then there's a higher probability that Bitcoin will lead them to be corrupt.
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 dont think if bitcoin will going to lead to corruption because based on my research no one can control in bitcoin even goverments but i think maybe sone goverments will going to used bitcoin to get taxes? A big tax because bitcoin is so very high. I believe Ethereum won't let any other platform that does similar work to have any future. Ethereum is the full and only NEO I think can deal with it.
I think your opinion has some mistakes in it. It's noway that ETH or NEO could help any country to stay away from the corruption because of it's anonymous.
I don't think the word "corruption" can be used in this kind of ecosystem, why did I say so? because we all know cryptocurrency such as bitcoin works in a decentralized structure so no one is in control when you look at it in the bigger picture but if you look close to specific services then corruption might be use as a term but I bet to disagree I rather say its a tactical move to gain profit within a specific service offered to earn bitcoin and if you look at it is in a proper way because it is not compulsory taken out to anybody who holds bitcoin, it is more like a voluntarily move.
Yes, the mere fact that bitcoin is not govern by government and decentralized it has a big chance to used for corruption.Because no one exactly knows who are the people behind bitcoin. You cannot sue them easily because you dont know their identity.
Yes, Corruption is not related to any currency or valuable asset rather it is highly related to the users and human beings. Bitcoin is just like other currencies like paper money but the thing is that people are always searching for the methods they can misuse this currency or any other one. Indeed human greed and evil mind are the fundamental reasons for the high rate of corruption in society.
Corruption is spread world wide and also Bitcoin can lead to corruption but usually, this kind of personal state comes before and something else is the cause - human mind. Bitcoin can just serve as the matter to achieve the corrupted cause. Not all of people using Bitcoin are corrupted but some of them have found a way they can cover their trails using decentralized currency and it is hard to see through them and catch them cause usually corrupted know what they are doing.
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?
Not necessary Bitcoin leads to corruption, but rather the value of it in the market, unfortunately there are a lot of pseudo people who would do everything for an extra buck. 
The world was corrupt enough before Bitcoin launched and even if he lead to, it would be maybe 0.1% a matter of the total corruption we are enjoying everywhere 
maybe people use bitcoins to make their black money white bitcoins has also negative aspects but it is on the user that how he wan t to use the bitcoins. now governments are getting alert because of the bicoin hyip
for those who cheat and do not fit the rules of bitcoin they may misuse.
As of now bitcoin can not lead to corruption because bitcoin is cryptocurrency that is use of many people as there source of income, and bitcoin is helping many people to earn many money here and there is no possibility that it may lead to corruption because bitcoin is not part of goverment so the goverment can not use bitcoin to lead for corruption.
Honesty saying, bitcoin was made to handle and control your wealth without anyone's intervention. Thus, thua only mean that it can be used in whatever purpose you want even corruption. This would be easiest way to make some hidden wealth which most politician really does.if politician easily do corruption with the normal currency how much more with crypto. The truth is, bitcoin might be even used for drugs and other illegl activity
Bitcoin can not only lead to corruption but at the same time bitcoin has the capacity to cripple any economy of a country if not properly managed. Let take fo4 example in a country where there is high rate of corrupt leaders and the currency of such nation does not have value like most countries in Africa, is the leader have knowledge of bitcoin they can take advantage of it and use it as a tool to launder huge amount of money by buying bitcoin and because of the decentralized natour of bitcoin it will be hard for such corrupt leader to be caught.
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