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Topic: Can Bitcoin also lead to corruption ? - page 27. (Read 51258 times)

newbie
Activity: 56
Merit: 0
November 23, 2017, 06:38:54 PM
Of course it's everywhere Hackers would seek different ways to hack into addresses
newbie
Activity: 40
Merit: 0
November 23, 2017, 06:23:38 PM
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.
member
Activity: 210
Merit: 12
November 23, 2017, 06:20:04 PM
In the ai ???rport, there is no process to check passengers of digital storage devices, email account, web disks ect. Many corruption suspects are easy to bring their BTCes escape from their own land. Huh
sr. member
Activity: 602
Merit: 250
November 23, 2017, 06:02:25 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?
the possibility of bitcoin leading to corruption is high. Corruption is always associated to money, money is to greed. Not only that, corruption may also involve corruption of time. For example, if you in your work and you are not performing your work anymore but only doing bitcoin, then you are corrupting the legal time intended for your work.
bener once that you say, because bitcoin is certainly to be made in the same money laundering the corruptors. Because the bitcoin price is always rising steadily and its value is also high that makes the corruptors interested in the bitcoin is because the price
member
Activity: 266
Merit: 12
November 23, 2017, 05:54:12 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?
the possibility of bitcoin leading to corruption is high. Corruption is always associated to money, money is to greed. Not only that, corruption may also involve corruption of time. For example, if you in your work and you are not performing your work anymore but only doing bitcoin, then you are corrupting the legal time intended for your work.
newbie
Activity: 56
Merit: 0
November 23, 2017, 05:50:15 PM
Of course it's everywhere Hackers would seek different ways to hack into addresses
sr. member
Activity: 463
Merit: 250
November 23, 2017, 05:06:19 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 doesn't even have to be considered money to be related to or directly cause corruption. Anything with value can do this. In fact, I would argue that Bitcoin is not money (it is a commodity), and it does cause corruption. A more interesting question is does blockchain reduce the likelihood of corruption because it is generally more transparent system, but even there I would tend to doubt it. The amount of money at stake (USD, not BTC) with Bitcoin makes corruption inevitable.
The blockchain is very transparent, I agree with that, but does it provide us with information about the wallets used for corruption / bribery purposes? Of course not, and it's really great for anyone wanting to evade tracking.
full member
Activity: 224
Merit: 100
November 23, 2017, 03:37:55 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?

1000% yes look no further than the forks to see this corruption. This industry as corrupt as any if not far worse and more corrupt.
legendary
Activity: 2044
Merit: 1115
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November 23, 2017, 02:27:00 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 doesn't even have to be considered money to be related to or directly cause corruption. Anything with value can do this. In fact, I would argue that Bitcoin is not money (it is a commodity), and it does cause corruption. A more interesting question is does blockchain reduce the likelihood of corruption because it is generally more transparent system, but even there I would tend to doubt it. The amount of money at stake (USD, not BTC) with Bitcoin makes corruption inevitable.
full member
Activity: 395
Merit: 100
November 23, 2017, 01:38:38 PM
I do not think that corruption will exist if all the economies start using bitcoin and block chain technology as this community has the ability to eradicate corruption problems and theft by not revealing the identity of the bitcoin user's there is no chance for identity theft to ever happen in the bitcoin technology and another important feature of the bitcoin network is the duplication of bitcoins and block chain technology is not possible unlike fiat currencies in other words this technology has the ability to eradicate problems caused by corruption due to high transparency in the network and highly secure than any other modes of payments.
hero member
Activity: 812
Merit: 510
November 23, 2017, 01:10:56 PM
it can and currently there are many cases which are related to bitcoin and has some sort of corruption involved in it
im sure there will be a way in future where all this can be tracked so that corruption wont exist in bitcoin
member
Activity: 94
Merit: 10
November 23, 2017, 12:03:47 AM
Yeah with the feature :" anonymous" , the corruption will be hard to spot if they're using the bitcoin transaction, so somehow i think Bitcoin supports for the corruption.
full member
Activity: 252
Merit: 101
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November 23, 2017, 12:02:25 AM
Corruption is everywhere..no I think because everyone can avail to have Bitcoin,and Bitcoin is not under governance or company..
member
Activity: 79
Merit: 12
November 22, 2017, 11:15:52 PM
Maybe bitcoin also lead to corruption, because it is a decentralized and anonymous system and some transaction is difficult to trace. specially to those people who are in the part of government they can use it, if they want exchange money to bitcoin, I think it will lead corruption.
newbie
Activity: 26
Merit: 0
November 22, 2017, 05:47:59 PM
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. 
newbie
Activity: 29
Merit: 0
November 22, 2017, 05:38:36 PM
according to my thinking, bitcoin can be used as a tool for corruption but can not be for today. if one day bitcoin can be used in everyday life, has spread, and officially circulated, then that is where bitcoin will be used as a tool of corruption. this is because bitcoin is not known in the community and not many people know about bitcoin.
so by exchanging paper money to bitcoin, then the perpetrators of corruption can not be arrested easily because the perpetrators of corruption can hide their identity. perpetrators of corruption can also use multiple addresses to store their bitcoins. so, we will not know how much money they get from the outcome of corruption.
legendary
Activity: 1344
Merit: 1251
November 22, 2017, 05:17:17 PM
Well, of course it does.

Corruption is about giving something to somebody so that the latter owe you a favor (and generally does something for you immediatly in return).

It is not necessarily linked with money, but with money it is easy. I give you 100 dollars and in exchange, you put my resume ahead.
This is only an example, of course.

With bitcoin, transfers are checked and cannot be simply erased. So it may be easier to track evidence of corruption. But it will not delete such practice. I give you a bitcoin, you chose me a project manager for your future investment. And so on...
hero member
Activity: 672
Merit: 500
November 22, 2017, 10:09:55 AM
Any valuable thing and currency including bitcoin can be used for corruption because of human greed. Corruption will exist as long as there is human greed.
newbie
Activity: 6
Merit: 0
November 21, 2017, 01:09:31 AM
Yes, with it's anonymous , corruption could be support and noone will find out that corruption.
member
Activity: 88
Merit: 100
November 21, 2017, 01:08:34 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.
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