Topic: Can Bitcoin also lead to corruption ? - page 4. (Read 51285 times)
I do not know whether bitcoin can lead to corruption , but there are too many divorces and deceptions in the cryptocurrency market. In addition, all transactions for the transfer of bitcoins are anonymous and are not tracked so it is possible that this will lead to corruption.
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 want more money to them. Since bitcoin can be considered as money, can it also lead to corruption?
Yes, of course, this can happen. Because Bitcoin has a fairly attractive price, this high Bitcoin price makes the corruptors interested in corrupting Bitcoin. Corruption in Bitcoin can certainly benefit greatly. 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?
maybe, I think corruption can always happe in everywhere.
I don't think so, this is cryptocurrency, it involves no corruption
There is no relation between increasing corruption and bitcoin. Corruption already exist before bitcoin exist. We should not connecting criminal activity with bitcoin because criminal action is depending on human itself
It would be more correct to say that bitcoin does not lead to corruption, but is used in it. The human greed leads to corruption, and the currency is only as a link for the implementation of a corrupt deal.
Of course yes but it depends in our government if they have been affected by what called greed
Corruption is everywhere and i don't doubt about that, the thing is Blockchain technology is open for all who want to investigate bitcoin address is only only if they know who is the true owner of that bitcoin address then later on the wallet info
For me, it can’t happen as long that you don’t have the 51% of its total volume. We all know that it will be complicated to manipulate the bitcoin’s price. Bitcoin can’t lead to corruption because it can work without a single administrator. Also, its capability is superb that’s why some country ban bitcoin because they know that they can’t control it and can’t duplicate it. 
corruption is not about money, gold or bitcoin, the corruption of human moral and social problems. anything can be corrupted not just bitcoin and money, water, soil, everything can be corrupted, it is widely thought that anonymous bitcoins are easy to use for corruption, actually bitcoin is not completely anonymous, bitcoin transactions can be traced and now almost all exchanger oblige for account verification so all can be tracked and accountable
Governments in many countries have imposed heavy management regulations on Bitcoin, arguing that it and other electronic currencies could be used for illegal activities. But that is just a phobia for the fact that Bitcoin is an intermediary exchange that is out of their control. Highly corrupt governments often claim that Bitcoin is illegal while well-regulated countries have an extremely friendly electronic money framework.
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?
In this crypto world you can also a lot of corrupt people it comes of money and we cannot stop that because it's up to people attitude. In ten people you always see 1 to 2 corrupt .the rules and I think regulating bitcoin is a good thing so more people will be confident to use it and we will establish legality which brings popularity.
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?
In this crypto world you can also a lot of corrupt people it comes of money and we cannot stop that because it's up to people attitude. In ten people you always see 1 to 2 corrupt . 
In my country the bitcoin is not considered profit, and the declaration is not required to specify it in tax, so it can be used for corruption diagrams and concealment of profit.
I think easily, bitcoin have one plus than other currency haven't - anonymity, even if every transaction is public and everyone can see sender and receiver addresses, it's still easly to hide it, by mixing. From other side bitcoin is not stable, as fiat, and person would lose money while cashing out bitcoins if bitcoin price will drop, so I'm not sure everyone will agree to take bitcoins as "bribe".
I think that nearly every thing on this Earth may lead to the corruption; but BTC is easy to track - I can't say the same about fiat money.
With the anonymity of bitcoin, it can easily attract people to use it to corruption because they will have a clear and calm state of mind that they can easily hide from the other authorities because of the difficulties to track bitcoin down and that is why it is very open for corruption and can be abused by the people.
Anything that has value can be used to corrupt someone, so of course bitcoin is no exception.
Not only that, by being anonymous, it's possible to use it - much more than other means of exchange - for unclear transactions.
I donot think bitcoin is helpful in it if anyone have to do corruption he can do it with anything. corruption do not depend on money. Suppose there is a corrupt person then he will do corruption in any way no matter that what the currency is in his country or in what currency he is working he will know that this currency is convertible and then he will convert it to his desired currency. So corruption depend on the people and not on the type of currency. Not only that, by being anonymous, it's possible to use it - much more than other means of exchange - for unclear transactions.
This is not a question of if, but a question of "how do you fight this anonymous type of corruption?"
Thank you for a very interesting topic.
Thank you for a very interesting topic.
Yes even crypto currencies can be affected by corruption after all it is just a currency and it all depends on the user on how or what do they use it. There are even lots of scam that is occuring with bitcoin like for example ponzi schemes suck ws cloud mining, hyip an other pyramid schemes that offers you to earn big amount of bitcoin that is to good to be true. Even fiat currencies can be used for corruption so its also the same with crypto currencies as long as there are users good or bad they can use their money however they like.
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