Topic: Can Bitcoin also lead to corruption ? - page 26. (Read 51258 times)
i highly doubt it, its impossible to control Bitcoin for it is decentralized so there's no way for people to use it for such things like corruption. Though either Bitcoin nor fiat money has anything to do with corruption at all.
Why not? The fact is anything that people has the opportunity to make money can lead to curroption, somehow its not the material thing that cause corruption its own choice of people who are powerful and had that dirty hands to work for their own benefits in loss of other people.
yeah, in my opinion bitcoin could lead someone in government or some organization to corruption. maybe to be truth like money laundering by buying some btc or the other coin for someone personal own benefit. and could bring loss in region or some organization too. #cmiiw
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 the most strategic position that can indicates corruption is in exchanger. Because it's like a bridge between fiat and cryptocurrency. That's why many exchangers implemented verification method using IDs, passport or something like that. But if it's already on crypto market, I think it's hard to be traced.
bitcoin is operated online and people are grabbers even for just small amount , newly members of bitcoin are really on the danger side for scam like hyip and ponzi.. well if this works there ofcorse there will be a corruption on any point of the earth .. much more safe transaction and undocumented !
Bitcoin or any other fiat money has nothing to do with corruption. though I am not disputing the role of money in aiding corruption. Bitcoin in the hand of a corrupt person is not different from Dollars, pounds or Euro in the hand of a corrupt person.
Of course it's everywhere Hackers would seek different ways to hack into addresses
Yes it will, since bitcoin has it's corresponding price on fiat money it will cause greediness and will lead to corruption. Imagine if the government will regulate bitcoin, we will surely hear news of corruptions on the government regarding of stolen bitcoins and much more (well, if they can trace it since bitcoin is secured). But for me, surely it will, as long as Bitcoin's price is high and bitcoin is alive, corruption is there waiting for the perfect timing to be active. 
Bitcoins come with the advantages as well as the disadvantages also. And among its disadvantages, influencing more criminala activities and corruption are one. Transactions via bitcoin are largely untraceable and lots of people can use bitcoin for money laundering and other illegal activities. Authorities lacks the requisite know how to investigate transactions using Bitcoin. Monies laundered through Bitcoin are difficult to trace and hence it aids and abet corruption unless there is some checks and balances.bitcoin is continously growing and the threat of it to influence corruption also.
Bitcoin is such a currency which always believe on right things and don’t believe on bad things so to say that bitcoin is going to lead corruption I thinks it’s not true because bitcoin is going to help humanity and it help a lot of people thousands of people around the world they are taking interest of bitcoin and I think if you start to join bitcoin and you start hard work here so you can get a lot of profit from it so no need to do any corruption.
I dont think so. Because i know that this kind of organization was handled by good and very compassionate group of people. So i can conclude that no one can use corruption in bit coin.
Everything that is money-related can lead to corruption. But it's your choice to corrupt it or not. Always remember one thing, if you take something that isn't supposed to be yours, then it's not going to do any good for you. Might cost you something as well (I believe in karma). It's true that corruption can makes us rich easier, and faster.. But well, I think getting something from our own sweat is wayyyy better.
Bitcoin is not going to increase the level of corruption around the world, those that are corrupt are going to use any form of money in order to benefit themselves, the only issue is that bitcoin may help them get away with their crimes in a more easier way since the money they get through corruption cannot be confiscated or linked that easily to them.
I believe that bitcoin is already being used in corruption where it existed and with ordinary money. Bitcoin costs much more than other currencies and will probably be very valuable in corruption.
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.
nice insight about the topic.thats is absolutely right corruption is part of every government no one can deny that,thats the global problem in which the people is always the victim the lofes of everybody is at stake but its different from Cryptocurrency world.this is decentralized uncontrollable we all have privacy here so i dont think corruption can be apply here not now maybe in the future we might know 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.
Yes bitcoin can lead to corruption because if someone has more than the other and that person is already rich than people will not take that and go fight that person to steal all his bitcoins and other wealth because it is not divided fairly.
If we are seeing about the bitcoin mixer to erase the track about our fund and that means the possibility of the bitcoin to be used by the criminals were so high. I think that this apply in everycrypto because thge majority of the crypto used the encrypted data. 
To tell the truth, Bitcoin is one of the most effective tools in the hands of corrupt officials. If they accept bribes in the form of BTC, then it can be extremely difficult to trace the transactions back to that particular individual (especially if they put the coins in cold storage and refrain from converting them to fiat).
Government officials are seeking to use their money in Bitcoin because only Bitcoin can track their assets. This will be very bad because they are working for the underworld
Yes bitcoin can lead to corruption because if someone has more than the other and that person is already rich than people will not take that and go fight that person to steal all his bitcoins and other wealth because it is not divided fairly.
Nothing can win the corruption. It is about people and their minds, not about money system. Even if we will have only bitcoin as a legal currency, politics and business men will find the way to hide their corruption manipulations. But lockchain can greatly reduce corruption level and improve people's lives.
but you know that human greed can arise because of an opportunity, when the opportunity comes, surely anyone will be tempted to commit corruption especially if the financial system supports corruption? bitcoin comes with an anonymous and decentralized system I think all corruptors will utilize 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?
Even the mother of all nations have a corruption in their hearts, the thing here is that we just cant blame the blockchain technology by the actions the leads to corruption. Everything can lead to corruption, even alts and that's how the world work. If you are worried that BTC will become a big part of terrorism, crime and drugs then even if BTC dont exists this crimes will never cease to exists. It is here even before the time of Cain and abel. Questions like this is so obvious that people are blaming things for their own actions, and thats sad that humanity lost the way of viewing things that instead of fixing themselves, they are banning something that is worth using for.
In fact, it will be the owners of bitcoin will be held responsible for using it in such kind of activities. We need to use it for betterment of society.
All currency that made in this world all of that can also lead to corruption because they are all currency and it depends on some people where did they wanna use it and what kind of method they will use to use those coins. Maybe one of that method is also corruption. I believe in every part of this world that there are always happening a corruption on each countries and we cannot hide that fact. also same to cryptocurrencies i think
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?
Even the mother of all nations have a corruption in their hearts, the thing here is that we just cant blame the blockchain technology by the actions the leads to corruption. Everything can lead to corruption, even alts and that's how the world work. If you are worried that BTC will become a big part of terrorism, crime and drugs then even if BTC dont exists this crimes will never cease to exists. It is here even before the time of Cain and abel. Questions like this is so obvious that people are blaming things for their own actions, and thats sad that humanity lost the way of viewing things that instead of fixing themselves, they are banning something that is worth using for.
In fact, it will be the owners of bitcoin will be held responsible for using it in such kind of activities. We need to use it for betterment of society.
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