Topic: Can Bitcoin also lead to corruption ? - page 28. (Read 51258 times)
for those who cheat and do not fit the rules of bitcoin they may misuse.
Probably yes, Anything can lead to corruption. Because of the greediness for example in government they can use the bitcoin for their own purposes. We can't assure who will do this kind. But still it depends on how the person or an organization will handle it and choose only between leaving it or to corrupt it.
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.
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 bitcoin will not lead to corruption. As it is all just equal, no high, no less. There is nothing rich and nothing difficult. All the same are all together simultaneously and will be successful in life. So whether it leads to corruption? Many do not agree with that, many would argue that there is something wrong with doing something about it. So we can safeguard our superstitions, or what we have today.
Corrupted people always make their way to do corruption. Greed of money leads to corruption.
The thing that the state fears is bitcoin used as money laundering, people will divert money from corruption to bitcoin so that money is never known. this is the basis of the state for bitcoin banned.
I do not think so. Bitcoin system is almost impossible to be hacked.
I guess it can but we can't blame bitcoin if it leads to corruption, Corruption is in everyone of us it just always depends in one person if he/she is corrupt. Many people are corrupt and if these corrupt people are already using bitcoin then it really is will gonna lead to corruption but we the honest user of bitcoin can prevent by using it in the right way we just need to influence those corrupt to do the right thing for the sake of all cryptocurrency.
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 will not happen if the sanctions given to the perpetrators of corruption are very heavy, corruption occurs because of the mild punishment, so that the perpetrators of the torture is not a deterrent
Bitcoin leads to development of shadow economy.The Blockchain Asset Exchange Inc. (BAE) offers an extremely low-cost platform for Businesses to list on an exchange in order to create liquidity in their shares. A whole layer of banking bureaucracy is removed by lowering costs and saving time.
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 anytime and in any field, let alone this is a currency that high value and much sought.
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 can be the source of corruption. As it have lead and will lead to massive corruption which can`t be tracked and will occur within seconds. You should check the case with silk road where people used to buy drugs online.
Yes but it is something that is common with all currencies and we shouldn't single out bitcoin for public flogging. Bad people always use currencies they feel can easily help them facilitate their crime and so they will stop at nothing if they find bitcoin convenient.
Bitcoin can be the source of corruption. As it have lead and will lead to massive corruption which can`t be tracked and will occur within seconds. You should check the case with silk road where people used to buy drugs online.
Yes but it is something that is common with all currencies and we shouldn't single out bitcoin for public flogging. Bad people always use currencies they feel can easily help them facilitate their crime and so they will stop at nothing if they find bitcoin convenient.
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?
Whenever you deal with money, corruption is not too far behind. Bitcoin itself will not be corrupted as no one truly owns Bitcoin. However, the people that invest and use it may be corrupt. There is no stopping that.
Many people think that Bitcoin is easing corruption, drug markets etc. But that just a myth. From long time cash was used for all these activities. But now KYC and other things have made it a lot difficult. But other than Bitcoin, Gold diamond is also used for corruption. So my point is BTC can lead to corruption but that depends on the mind set of the people. But it doesn't necessarily lead to it.
It would be always a good tool and it can really lead up to corruption since we do know that bitcoin is an anonymous stuff which its a perfect thing to execute illegal doings and this thing cant really be avoided because people do have different things on mind and there are good and bad people which they will normally take the advantage of that anonymity to make their dark plans which it is true that bitcoin can lead up to transaction.
Many people think that Bitcoin is easing corruption, drug markets etc. But that just a myth. From long time cash was used for all these activities. But now KYC and other things have made it a lot difficult. But other than Bitcoin, Gold diamond is also used for corruption. So my point is BTC can lead to corruption but that depends on the mind set of the people. But it doesn't necessarily lead to it.
It would be always a good tool and it can really lead up to corruption since we do know that bitcoin is an anonymous stuff which its a perfect thing to execute illegal doings and this thing cant really be avoided because people do have different things on mind and there are good and bad people which they will normally take the advantage of that anonymity to make their dark plans which it is true that bitcoin can lead up to transaction. If we talk about a possible tightening of corruption and Bitcoin in tandem, then I want to say One word. If there is a problem with corruption in the country, Bitcoin is given an opportunity. With impunity, pay off or keep acquired by illegal means. No more action from Bitcoin. It can not be. And when there is no corruption, Bitcoin will also be clean. So you must first fight corruption, not with the crypto currency.
it depends on the way you are talking about if you are saying that bitcoin can increase the corruption then it is not possible that a coin can increase the corruption.if you are asking that it can help for moving money easily then i think it is right. And one more aspect, then we all pray, and it is connected with the legalization of the crypto currency. If the crypto currency is not legalized, then all the money that corrupt officials have stolen in the country, they are transferred to Bitcoin and thus will hide them from law enforcement agencies and from people. 
Many people think that Bitcoin is easing corruption, drug markets etc. But that just a myth. From long time cash was used for all these activities. But now KYC and other things have made it a lot difficult. But other than Bitcoin, Gold diamond is also used for corruption. So my point is BTC can lead to corruption but that depends on the mind set of the people. But it doesn't necessarily lead to it.
Bitcoin can be the source of corruption. As it have lead and will lead to massive corruption which can`t be tracked and will occur within seconds. You should check the case with silk road where people used to buy drugs online.
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