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Topic: Can Bitcoin also lead to corruption ? - page 34. (Read 51258 times)

sr. member
Activity: 1792
Merit: 264
November 03, 2017, 08:15:01 AM
Because Bitcoin is anonymous, Bitcoin is vulnerable to abuse, such as money laundering and crime financing. My opinion Bitcoin can not be associated with corruption, but Bitcoin can be used as a tool to save money from corruption.
member
Activity: 154
Merit: 10
November 03, 2017, 07:31:59 AM
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.
member
Activity: 434
Merit: 10
November 03, 2017, 07:03:27 AM
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
Everything that is being seen as money by people would always lead some of them to corruption. What makes Bitcoin look like it’s worst the fact that it helps the bad guys stay anonymous while carrying out their evil plans like buying guns and assassins and other stupid stuffs from dark web.

By the way, I don’t see any sense in the government looking for ways to stop Bitcoin, instead of looking for ways to stop all these dark webs. The government should find way to trace all these dark web online and stop them once and for all.

What if the government is under by darkweb?Because this organization is still in and why they cant stop them?.Are we governed by them thats why they cant stop them?I think government had enough resources to stop this organization.
newbie
Activity: 33
Merit: 0
November 03, 2017, 04:45:22 AM
The present world can't reduce corruption. But, Bitcoin can also lead to corruption.
hero member
Activity: 896
Merit: 502
November 03, 2017, 04:11:27 AM
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
Everything that is being seen as money by people would always lead some of them to corruption. What makes Bitcoin look like it’s worst the fact that it helps the bad guys stay anonymous while carrying out their evil plans like buying guns and assassins and other stupid stuffs from dark web.

By the way, I don’t see any sense in the government looking for ways to stop Bitcoin, instead of looking for ways to stop all these dark webs. The government should find way to trace all these dark web online and stop them once and for all.
legendary
Activity: 1204
Merit: 1028
November 03, 2017, 01:40:53 AM
I guess not. Bitcoin doesn't belong to any institutes or agencies,  so no one can authorize it. It has its own system which can avoid the risk of being corrupted.
You are right , the foremost thing to be understood is that this is not bitcoin which will lead to corruption but its the mental makeup of the people which forces them to do illegal things and make black money , so we should accept our fault rather blaming bitcoin. And i think bitcoin by its technology and process is leading to lessen the risk of corruption.

I think it is possible that this may happen, although not joining an institution, but in my opinion there are still some who have a greedy nature like the corruptors who certainly eat the people's money continuously.
As far as anonymity is concerned this issue will be sorted out soon and before bitcoin cash was also used for corruption that’s not blame of currency it is user evil that they are using it in bad way and as this concern will be sorted out the transaction process will become crystal clear and nobody can hide anything and this thing will mainly lead to the legalization of bitcoin to many regions who are afraid of corruption.
full member
Activity: 336
Merit: 121
November 03, 2017, 12:52:09 AM
Bitcoin can be used for any purpose, but i doubt some politician will get bitcoin, but well since there is money that cant be traced, they can easy invest into bitcoin, even if it does loose some of its value. I believe this will be possible to start happening in the future, where those politicians will hide their money into crypto instead let the money into some bank that can be traced and block their funds.
it depend on the user of bitcoin that how user want to use bitcoin because bitcoin is a crypt currency and it is convertible to any other currency so bitcoin is a money now how people want to used them it depend on the user of bitcoin.
sr. member
Activity: 286
Merit: 250
November 02, 2017, 08:39:18 PM
Bitcoin can be used for any purpose, but i doubt some politician will get bitcoin, but well since there is money that cant be traced, they can easy invest into bitcoin, even if it does loose some of its value. I believe this will be possible to start happening in the future, where those politicians will hide their money into crypto instead let the money into some bank that can be traced and block their funds.
full member
Activity: 196
Merit: 100
November 02, 2017, 08:08:40 PM
This is one big issue that government has no control of cryptocurrency, The biggest question, if there are illegal activities behind the transactions how was the government manipulate or counter act crime issues. Since every users are quiet anonymous. Precisely bitcoins are ways to lead corruption.
newbie
Activity: 66
Merit: 0
November 02, 2017, 06:36:54 PM
Fristly yes , to some extent it will happen . But i think all type of cryptocurrencies are more secure . There is no illegal way of getting bitcoins for now , as to my knowledge . Secondly No , there is no corrupted source provided for getting bitcoins . So they will even decrease corruption .
full member
Activity: 223
Merit: 250
November 02, 2017, 06:08:10 PM
Why do you think money lead to corruption? Money is just a mean of exchange... It's people who really lead to corruption and bribary
It is because of human nature, we are greedy by nature and it is proven from our history because time and time again people will make corruption in any sorts of thing specially physical things like money as well as power.
How to change this nature? That is the issue you need to change your nature, no one can helps you change your nature. To be honest, change my habits of life is so hard, I can not change my habits to wake up early like others and focus to work in 8 hours/day. I always lazy Sad
full member
Activity: 730
Merit: 102
Trphy.io
November 02, 2017, 01:52:20 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?

lets accept the fact that bitcoin is being used in illegal transactions
and scammers are everywhere
when there is greed ,there is corruption
full member
Activity: 266
Merit: 105
November 02, 2017, 01:49:12 PM
Why do you think money lead to corruption? Money is just a mean of exchange... It's people who really lead to corruption and bribary
It is because of human nature, we are greedy by nature and it is proven from our history because time and time again people will make corruption in any sorts of thing specially physical things like money as well as power.
full member
Activity: 224
Merit: 105
November 02, 2017, 01:14:37 PM
i wonder why bitcoin always be linked with things that are not good such as corruption, money laundering or drugs but in this case in my point of view bitcoin cannot lead people to corruption because it all pure from the bottom of their heart to starting corruption but indeed bitcoin could be the tool to storing corruption money
copper member
Activity: 700
Merit: 120
Gamdom
November 02, 2017, 12:57:51 PM
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
member
Activity: 84
Merit: 10
November 02, 2017, 11:36:19 AM
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 its minimal compared to our local currencies. As for my opinion, transacting or investing it bitcoin is individual's career. There are maybe corruption but I guess its more on the  fear of someone who can manipulate its processes. As I've said bitcoin is somehow an individual career or personal achievement to do greater to gain more rather than corrupting money to anybody else's income. Every user monitors his/her bitcoin account movements and its so transparent. Unlike in our paid taxes and other government fees that we don't know the whereabouts other than the usual projects we see. Corruption is a dishonest or illegal behavior especially for the powerful people.
Yes definitely bitcoin will lead to corruption.Since no taxes can be applied on bitcoin,there can be cases of fraud.Also no government or any central bank has any control over bitcoin,so the criminals can use bitcoin to pay for their deeds.It can be used by many politicians too for circulating their black money.No one can track your money in bitcoin.Details are only knwon bt the donor and receiver.
hero member
Activity: 2016
Merit: 540
Leading Crypto Sports Betting & Casino Platform
November 02, 2017, 11:27:37 AM
Power corrupts, bitcoin is power, so of cours bitcoin cand corrupt, especially if that person has some attraction for extra incomes.
Yeah if you are getting the extra income from the bitcoin then you should buy the bitcoin and the private value of the money as much you will invest you will be able to have the future of the money. It is the time to have the bitcoin and in the coin so if all the people will hold the bitcoin and that will buy he a lot of the profit at the same time so for me it is increasing the value and the price of the bitcoin for sure.
member
Activity: 364
Merit: 10
November 02, 2017, 10:27:14 AM
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
full member
Activity: 360
Merit: 100
November 02, 2017, 08:48:23 AM
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.
sr. member
Activity: 756
Merit: 251
November 02, 2017, 08:22:18 AM
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 its minimal compared to our local currencies. As for my opinion, transacting or investing it bitcoin is individual's career. There are maybe corruption but I guess its more on the  fear of someone who can manipulate its processes. As I've said bitcoin is somehow an individual career or personal achievement to do greater to gain more rather than corrupting money to anybody else's income. Every user monitors his/her bitcoin account movements and its so transparent. Unlike in our paid taxes and other government fees that we don't know the whereabouts other than the usual projects we see. Corruption is a dishonest or illegal behavior especially for the powerful people.
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