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Topic: Can Bitcoin also lead to corruption ? - page 40. (Read 51285 times)

full member
Activity: 546
Merit: 122
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October 25, 2017, 05:00:31 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 believe that it is really possible since money is involved. As long as there's a presence of money, issues such as this is mostly to happen. It maybe become a nature on people especially to those who are being eaten by their will to get rich. Nut cases regarding with corruption is surely rare in cryptocurrency since it is an open source system and no one takes control of it.
sr. member
Activity: 280
Merit: 250
October 25, 2017, 04:59:52 PM
what you are talking about is true, because all bitcoin transactions are anonymous and corrupt people need this type of platform to save their black money and to transfer them anywhere without tax and without government consideration. Everything can be used positively in a negative way, this is the use of a negative bitcoin to corrupt
full member
Activity: 372
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CPLAY Network
October 25, 2017, 04:51:26 PM
of course, the corrupters will use Bitcoin as a place to collect their corrupt funds
because if the results of their corruption in the form of money in banks and assets such as gold and houses,
it will be very quickly uncovered and in the know by the police..
newbie
Activity: 42
Merit: 0
October 25, 2017, 04:29:04 PM
I guess so. some People tend to get blind when it comes to big amount of money, that is why corruption are everywhere.
full member
Activity: 952
Merit: 104
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October 25, 2017, 07:50:57 AM
I say yes, since bitcoin involves money and the the crocodiles in the government or any institutions are most likely finding ways just to corrupt or extract money from everything they do. Money through bitcoin also is very hard to trace.
hero member
Activity: 602
Merit: 500
October 25, 2017, 07:47:29 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.
Yes definitely bitcoin can lead to corruption.Since it is not controlled by any central bank or any institution,there are many cases of fraud too.Taxes can also be escaped as government has no control over the cryptocurrencies.The signature campaigns also pay us in bitcoins which cannot be traced.So we can have an extra income.People can also use cryptocurrencies in paying huge amounts in black to other persons.People can also use bitcoin in illegal deeds.Therefore for controlling corruption,government should take adequate measures.
newbie
Activity: 42
Merit: 0
October 25, 2017, 03:11:53 AM
Anything that has value can become subject to corruption, not only the cryptos.
hero member
Activity: 3052
Merit: 685
October 25, 2017, 12:47:49 AM
Guns don't kill people. People kill people. Guns just help.

Bitcoin doesn't make people corrupt. People are corrupt.  Bitcoin just helps.
Good explanation, it's us who are making a decision and bitcoin is just a tool so if a certain person are really corrupt he will use bitcoin for this bad activity and we have the law to punish this kind of activities if caught so the responsibility is on the users. Even if we will campaign to use bitcoin for legitimate activities but we cannot prevent those people who are using bitcoin for their illegal activities.
member
Activity: 70
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October 25, 2017, 12:41:13 AM
Guns don't kill people. People kill people. Guns just help.

Bitcoin doesn't make people corrupt. People are corrupt.  Bitcoin just helps.
member
Activity: 112
Merit: 10
October 25, 2017, 12:36:17 AM
What I know about corruption is every people now a days want their work to be done very fast and without any hassle so corruption starting from very common man so for common man it is not possible to use bitcoin in such transaction so lower and mid level bitcoin is having zero chance to lead to corruption and in higher level may be not sure because people afraid of digital record of transaction which can be tracked in future.
sr. member
Activity: 924
Merit: 255
October 25, 2017, 12:13:19 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?
Bitcoin indeed is just like as money.. but bitcoin can be said as a more modern form of money that is currently more popular among many people. Of course it can be happened, in this world there must be people who still have an intention that aim negatively like as greedy (want to gain profit more for himself). And like as the scams too that has occurred in many sites, I think that's can be said as an act of corruption on bitcoin.
full member
Activity: 350
Merit: 100
October 25, 2017, 12:06:54 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.
hero member
Activity: 644
Merit: 500
October 24, 2017, 11:52:29 PM
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.
full member
Activity: 798
Merit: 104
October 24, 2017, 11:47:59 PM
corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
Bitcoin does not lead to anything, bitcoin is just a tool the ones that are corrupted are the humans that is way it is always useless to try to blame the things that humans create, satoshi created bitcoin to be a currency for the people it is not his fault that some people are only looking to do evil with his invention.

yeah thats right, satoshi created bitcoin for currency not to leads for the bad activities that human can do. if governments get involve in to the crypto world and they wants to implement rules to break the privacy of their bitcoin citizen user, corruption may totally exist if that happen. we dont hide the facts/truth that many of our government agency has involve on more corruption on their own country, so whether you like it or not it can cause corruption.
Satoshi might have got varied plans, but when it comes to reality the change happens. Same is with bitcoin, it has different objective in front of it, but when it came to reality through the growth it attained got used into various purposes. Some were positive and some created negative effects for bitcoin, one amongst is the corruption.



I think its not, bitcoin is different forms of money maker when we compared to the government being notified a source of corruption. A decentralized digital currency proves that man or woman can not make a corrupt practices on bitcoin forum because everyone here has its own anonymous account so there's no evidence that can lead to corruption.
full member
Activity: 798
Merit: 182
October 24, 2017, 11:45:39 PM
Bitcoin wont lead to corruption what ever the money which you deal is through on line so funds transferred to the account is accountable so it is not that much easy to lead for corruption. Dealing in cash only can lead to corruption because it is not accountable and very dangerous also so dealing with bitcoin control corruption having a fear of might be proof of transcation can be produced any time.

May be I am wrong but it is my opinion.
You are absolutely right. There are misconception about the anonimity of bitcoin users. bitcoin transactions are transparent and traceable, but there is no link to the information about the person who made the transaction. But if we know the person who own the address, there is no problem about it. Even every transactions are made can be seen by many people. Bitcoin will provide greater difficulties for people who intend to corrupt.
sr. member
Activity: 602
Merit: 252
October 24, 2017, 11:23:10 PM
corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
Bitcoin does not lead to anything, bitcoin is just a tool the ones that are corrupted are the humans that is way it is always useless to try to blame the things that humans create, satoshi created bitcoin to be a currency for the people it is not his fault that some people are only looking to do evil with his invention.

yeah thats right, satoshi created bitcoin for currency not to leads for the bad activities that human can do. if governments get involve in to the crypto world and they wants to implement rules to break the privacy of their bitcoin citizen user, corruption may totally exist if that happen. we dont hide the facts/truth that many of our government agency has involve on more corruption on their own country, so whether you like it or not it can cause corruption.
Satoshi might have got varied plans, but when it comes to reality the change happens. Same is with bitcoin, it has different objective in front of it, but when it came to reality through the growth it attained got used into various purposes. Some were positive and some created negative effects for bitcoin, one amongst is the corruption.
sr. member
Activity: 364
Merit: 267
October 24, 2017, 11:20:09 PM
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.
legendary
Activity: 1092
Merit: 1000
October 24, 2017, 11:16:38 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 this is the biggest fear of bitcoins economy.  Bitcoin allows transaction without involving any third party so the person trading are not answerable to anyone about how they use the money or how they earn the bitcoins.  People can do illegal things and business via bitcoins.
Bitcoin will enable them to trade goods and services without paying income tax and they don't have to show or to hide their economy.  Bitcoin will promote corruption.  Still corruption is prevailing very strong.  After bitcoin introduction in economy this will boost them And more and more corruption will take place.
full member
Activity: 688
Merit: 101
October 24, 2017, 10:57:48 PM
corruption can be done by anyone and anyone, so bitcoin can make money from corruption, it can happen because of the dishonest human nature that corrupts in any way.
If we talk about corruption and bitcoin, then I will say that it will not at all the bitcoin which will lead to corruption. It is we, the ones who are having bitcoins which will use bitcoin for the sake of illegal activities and corruption. Bitcoin itself is a very good thing. We actually need to stop bitcoin from being used on corruption and other illegal activities which can bring bad name to bitcoin.
Bitcoin does not lead to anything, bitcoin is just a tool the ones that are corrupted are the humans that is way it is always useless to try to blame the things that humans create, satoshi created bitcoin to be a currency for the people it is not his fault that some people are only looking to do evil with his invention.

yeah thats right, satoshi created bitcoin for currency not to leads for the bad activities that human can do. if governments get involve in to the crypto world and they wants to implement rules to break the privacy of their bitcoin citizen user, corruption may totally exist if that happen. we dont hide the facts/truth that many of our government agency has involve on more corruption on their own country, so whether you like it or not it can cause corruption.
member
Activity: 98
Merit: 10
October 24, 2017, 10:54:23 PM
Bitcoin wont lead to corruption what ever the money which you deal is through on line so funds transferred to the account is accountable so it is not that much easy to lead for corruption. Dealing in cash only can lead to corruption because it is not accountable and very dangerous also so dealing with bitcoin control corruption having a fear of might be proof of transcation can be produced any time.

May be I am wrong but it is my opinion.
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