Topic: Can Bitcoin also lead to corruption ? - page 32. (Read 51258 times)
Some other people say bitcoin is lead to curraption, but they dont now about bitcoin. For me bitcoin is the one who help me to be repsonsible, he gave me an apportunities to help to my family, big thanks to bitcoin, this is not to lead a corruption
of course, bitcoin is their field to launder their corrupt money, here are many opportunities but that need to be noticed bitcoin has a weak side everyone can use without being traced at all, this is what makes bitcoin banned in some countries.
It can also happen if its leaders are starting to get corrupt
Politicians have always being corrupt if they were not then they will not be politicians in the first place that is why politicians in every single country of the world have a very bad reputation and it is not surprising since they are always looking for ways to benefit themselves. 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 is set of computer codes that allows peer-to-peer payment. It has no concept of corruption. Corruption is done by human beings behaving without morals - basically the criminal riff-raff types.
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?
We should accept the reality that corruption is everywhere. So, the possibility to use bitcoin in corruption is also given. Especially the greed people who will always looking to earn money even in a bad way. They maybe use bitcoin in money laundering. But I do not believe that bitcoin can lead to corruption. The bitcoin will not allowed that to happen. 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 ofcourse it will lead us to corruption because the payment history is cannot be searched by other secure agencies which leads crypto coins to a black market industry to use them for their payments which can be in millions and their is not any other thing for security checking where the payment is done and for which purpose. 
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?
Of course it can. I believe that what it ever it is as long as it has a high value, people tend to want to acquire all of it or at least many. Greed is in the nature of man I guess. So, that leads to corruption of bitcoin, of course.
So to fulfill their dreams they use many methods involving those that are regarded as corruption. The value of Bitcoin in international index has risen to a remarkable value and is being expected to increase more in the upcoming year.
I think the right question for this is "Can people start corruption on Bitcoin?". Bitcoin is just a Bitcoin. It is up to us how we'll use it. This will define if Bitcoin will lead to corruption or not.
Yes, that's what I'm pointing out. Bitcoin is Bitcoin and we can't blame it for the corruption that is happening everywhere, but due to its great features, many people are taking advantage of it and using bitcoin as a way to do hidden transactions or hiding their laundered money so that it can't be traced easily by the government because it is decentralized.Right and i think this could be considered as a draw back of bitcoin because money laundering is happening every day and bitcoin is the safest way to do so. As far as corruption is concerned i think there is no corruption in bitcoin, people are using bitcoin for hiding black money.
I think the right question for this is "Can people start corruption on Bitcoin?". Bitcoin is just a Bitcoin. It is up to us how we'll use it. This will define if Bitcoin will lead to corruption or not.
Yes, that's what I'm pointing out. Bitcoin is Bitcoin and we can't blame it for the corruption that is happening everywhere, but due to its great features, many people are taking advantage of it and using bitcoin as a way to do hidden transactions or hiding their laundered money so that it can't be traced easily by the government because it is decentralized.
Yeah it can. In the form of hidden payments i think. So you can get a kickback from anyone in the world and no one can define both of you. Isn't it a perfect way of corruption?
Wealth can very much lead to corruption. Provided that Bitcoin favors anonymity it is quite easy for people that are not ethical to slip into corrupted or at least non legal practices.
Everything that involves money will lead people to corruption, scamming and illegal practices. Money is a root of evil we all know that. However, we as individuals, must know how to handle our money without greediness. We must be contented with the fruit of our hardwork. Don't get the earnings that belongs to somebody else.
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
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 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.
Firstly, when you put your money in bitcoin, nobody knows about it but you and you didn't pay taxes.
Secondly, bitcoin anonymity might also help politicians, rich and greedy people for saving their loot money anonymously.
Thirdly, when you own bitcoin you are the in control to do good or bad, that may also help some people to bribe others without knowledge of others.
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
With a very large protection ranges so I will make sure that the corruptor will preserve their money to bitcoin, this is because if they preserve funds in the bank can be easily tracked so they will maintain to bitcoin.
I think the right question for this is "Can people start corruption on Bitcoin?". Bitcoin is just a Bitcoin. It is up to us how we'll use it. This will define if Bitcoin will lead to corruption or not.
Yeah i think bitcoin also lead us to corruption.There is no other things which don't have corruption.And in currency or money there's too much corruption we can see.And since bitcoin is growing high to the moon it can be corrupted
After all bitcoin is a currency, means money and can lead to corruption. Bitcoin can't play a role in decreasing or increasing corruption of the world. The corrupt people of the world wouldn't stop corruption even if the currency is changed to bitcoin, means into a digital currency. Bitcoin can't play a role in stopping corruption but if it became the international currency, than the corruption of bitcoin is much difficult if compared with the corruption of paper money.
Bitcoin is exactly the same forex as all of the others only exist in digital type and privacy will be more convenient to add mass to problem. Exactly what is of value can be used as problem.
Paradise Papers have been released yesterday but people are still claiming Bitcoin is causing corruption? What are they even doing on this forum?
Yes, it can! Many of us benefit from the great features that bitcoin offers. We take advantage of it so that we may earn a decent amount of money. But due to these features, many corrupt people see these as a great opportunity to hide their laundered many so that they won't get caught, since bitcoin transactions are anonymous, unlike bank who can be easily tracked by the government if they want to.
Jump to: