Can Bitcoin also lead to corruption ? - page 39.

sana54210

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Quote from: thet on October 28, 2017, 03:19:28 AM

Quote from: WannaCry on October 26, 2017, 04:18:07 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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?

There is a high possibility that bitcoin can lead to corruption, what attracts it to corruption is it's value is so high that many people want more of it. It is in nature to be greedy, that is why they like to have more.

Great possibility to be used in corruption, bitcoin can be transfer easily without any details, that is what the corrupt official realy want to do, to transfer funds without any trace where does it came from.

If bitcoin can be greatly used in corruption then I don’t think so that it is the fault of bitcoin. Those people who misuse such great technologies must be punished severely. No doubt that bitcoin has been used a lot in the underworld because of its anonymity and it is a very sad fact that humans can never live in peace. Some people just think about themselves and they will crush anything beneath their feet to get what they want.

Tigerheart3026

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Quote from: deloreswest on October 26, 2017, 04:01:12 AM

dont think so. but its posible. anyone could do coruption if they want but im the end they will get caught. even its not a new thing that many of bitcoin use to be terorist fund raising and money laundry.

I think that's the saddest part of of the usages of bitcoin were it can be use for illegal activities if the users has a bad intention for it. But as much as we can we should not abuse the usages of bitcoin.

wozzek23

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Quote from: deloreswest on October 26, 2017, 04:01:12 AM

dont think so. but its posible. anyone could do coruption if they want but im the end they will get caught. even its not a new thing that many of bitcoin use to be terorist fund raising and money laundry.

Well it can be possible but it doesn’t mean that bitcoin is here for corruption or for other illegal things because when you study bitcoin in detail so it will teach you good things not bad so it’s in our hand how to use bitcoin so we need to see the positive aspects of bitcoin and I’m sure if earn bitcoin with legal way so you will not do any corruption here.

Qartersa

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It can definitely lead to corruption! And yes, I agree with your statement primarily because it is a form of online transaction that no one can trace. Might I forget to mention, in addition to the latter is that the anonymity feature of Bitcoin helps so much in hiding illegal transactions. That is why I think Bitcoins still belong to the black market because it is unregulated and no one is protected from fraudulent transactions involving it.

Natural Perm

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Quote from: speem28 on April 11, 2017, 01:02:34 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?

Yes, We all know that the bitcoin is the new version of money and new online job that no one can control bitcoin.This is type of digital currency. Some people become greedy when they hear about it or when it comes in money. And yes maybe bitcoin lead to corruption, but I wish people dont do it.

ivrynx

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i think it will only the depend on the person, if they are really corrupt from the beginning people will also corrupt bitcoins, however, if you come to look at it, it is unusual for bitcoin to be corrupted in the government, if they all set a price for example 1 btc per transaction, they can monitor the receiving wallet, on how much it should have, and we just need to show proof of our transactions, if hat will be the case, i think we can lessen corruption, since there will still be people who are corrupt in the government, and hey might use different wallets for you to pay them. i think, if the government will allow people to pay in bitcoin they should scan their addresses or better yet, the government should show its receiving address, but the problem there will be hackers, i think they might develop ways on how they can get the bitcoins from the government's wallet or a possible inside job. it really depends on the person, i think we should just need to practice integrity in order not to be corrupt.

Cosbycoin

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Quote from: jonatuzc on October 28, 2017, 02:50:28 AM

Quote from: mirakal on October 26, 2017, 03:48:23 AM

Quote from: kobmat on October 26, 2017, 02:54:16 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.

It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.

Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.

I must appreciate your logic of reasoning. There is no way that we can blame bitcoin for being used in any kind of illegal activities or stuff like that. In fact, it is the faults of the ones who are having bitcoin in their pockets and who are actually encouraging use of bitcoin and other crypto currencies in such kind of activities. Bitcoin itself is a very profitable thing. We actually need to use it in a right way.

thet

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Quote from: WannaCry on October 26, 2017, 04:18:07 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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?

There is a high possibility that bitcoin can lead to corruption, what attracts it to corruption is it's value is so high that many people want more of it. It is in nature to be greedy, that is why they like to have more.

Great possibility to be used in corruption, bitcoin can be transfer easily without any details, that is what the corrupt official realy want to do, to transfer funds without any trace where does it came from.

BingoDog

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Everywhere where money is involved, and I consider bitcoin to be money, there is also possibility for corruption. It's in human nature and unfortunately bitcoin is no exceptiin. We all know that bitcoin is also like other currencies used for dirty and illegal activities and it's especialy convenient for money laundering because of biger anonimity than fiat currencies and lot of criminals use that. And to believe that governments aren't connected with bitcoin in any way is wrong and I'm sure bitcoin is also involved in corrupted activities.

Kim Ji Won

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Quote from: speem28 on April 11, 2017, 01:02:34 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?

For me, it can lead to corruption. We all know the great features bitcoin has and it has given has positive results, but it has also its own downsides. I'm sure that corrupted people will take these great features for granted. They will do anything so that they will not get caught corrupting money from anywhere else.

Kim Ji Won

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Quote from: jonatuzc on October 28, 2017, 02:50:28 AM

Quote from: mirakal on October 26, 2017, 03:48:23 AM

Quote from: kobmat on October 26, 2017, 02:54:16 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.

It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.

Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.

I think what the OP means that if "bitcoin can lead to corruption" is that, maybe it can serve as a tool for those corrupted minds to use it in their dirty works. I mean, I'm pretty sure they have a lot of ways for hiding their laundered money and with the emergence of bitcoin, they will have another option to use for their transactions.

jonatuzc

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Quote from: mirakal on October 26, 2017, 03:48:23 AM

Quote from: kobmat on October 26, 2017, 02:54:16 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.

It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.

Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.

sunsilk

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Quote from: deloreswest on October 26, 2017, 04:01:12 AM

dont think so. but its posible. anyone could do coruption if they want but im the end they will get caught. even its not a new thing that many of bitcoin use to be terorist fund raising and money laundry.

It can lead to corruption and you know what's the reason why most of the exchanges has their KYC rules? It's because they want to make sure that they have their users identity.

There are countries that are strict with cryptocurrencies that they want to know whom are their users and what are their transactions.

And you're right with that, bitcoin can used with those things because they are aware that bitcoin can be used for money laundering and other illegal stuffs so corruption too.

wRex

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Quote from: speem28 on April 11, 2017, 01:02:34 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?

I think Bitcoin is very supportive to abuse, because Bitcoin does not have an account holder's identity just a blockchain address, not controlled by a central bank of any country, no limit to its transfer limit, no verification required, very fast transfer in seconds. Some sources say as long as Bitcoin or cryptocurreny is not melted into the currency of a country will not be revealed the identity of the owner. Hopefully Bitcoin and other Cryptocurreny are not used to transfer money from corruption.

bearexin

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Quote from: arseaboy on October 25, 2017, 12:52:29 AM

Quote from: Gabrieelle on October 25, 2017, 12:20:09 AM

Quote from: btcprospecter on October 18, 2017, 07:28:12 AM

Bitcoin won't lead to corruption it would be a tool corrupt people would use gone are the days of a brown envelope under the table. Now bitcoin coin can be used and is unique in the way that it is untraceable.

Yes it is also the way I see it. Bitcoin is a tool for corruption because it can be made digitally unlike the old process with the banks and all that, the government can see your transactions history then they have proof of corruption. Imagine when using bitcoin your anonymous and can do multiple transactions in just a blink of an eye.

and maybe that's also the reason why its still existing chances that more big politician are using this system to hide their money as it is not easy to be
trace and can be transfer without any trace, bitcoin is a currency and what we can do with physical fiat can also be process with bitcoin if adoption already
been accepted.

People who have got the talent to misuse anything will definitely find a way to make ill use of bitcoin or any crypto currency. Bitcoin is being used in the dark and deep web. In today’s world, people who wear suits are the real criminal rather than those who have tattoos.

Crypto currencies are not mainstream yet but still we have the problem of corruption and that it is not the asset that creates such diseases. I also believe that some politicians will be holding bitcoin.

WannaCry

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Quote from: speem28 on April 11, 2017, 01:02:34 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?

There is a high possibility that bitcoin can lead to corruption, what attracts it to corruption is it's value is so high that many people want more of it. It is in nature to be greedy, that is why they like to have more.

deloreswest

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dont think so. but its posible. anyone could do coruption if they want but im the end they will get caught. even its not a new thing that many of bitcoin use to be terorist fund raising and money laundry.

mirakal

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Quote from: kobmat on October 26, 2017, 02:54:16 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.

It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.

kobmat

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Quote from: speem28 on April 11, 2017, 01:02:34 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?

I think it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.

Mr

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Quote from: Rashid555 on October 25, 2017, 01:06:54 AM

My answer is no we can’t say that bitcoin can lead to corruption because this is also a type of money people can use it for investment and their personal sale and purchase in these days. Bitcoin can’t lead to corruption it is the form of crypto currencies which is very valuable and important for profits.

I have an opposite thought. Bitcoin can lead to the corruption to the world economic system. As you can see, our world is built on the centralized economy and money fiat is playing an important role. If bitcoin is too important and replace everything which human has built for many years, it will make the whole system burn down.

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