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Topic: Can Bitcoin also lead to corruption ? - page 41. (Read 51285 times)

sr. member
Activity: 756
Merit: 252
October 24, 2017, 10:41:46 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.
hero member
Activity: 756
Merit: 505
October 22, 2017, 03:57:55 PM
BitCoin is actually a very affordable currency for corruption. because it is not legal to follow. people will soon use bitcoin to make money. maybe it started. it is a fact that the laws only protect the rich and the law shows the necessary flexibility to protect the interests of the rich. the rich are corrupt, but they make up for their book. now that you get up and say nobody leads to bitcoin corruption. by whom is corruption? What is corruption?
newbie
Activity: 29
Merit: 0
October 22, 2017, 03:27:30 PM
It is possible, we've heard of the use of bitcoin for the sale and buy of medications. For corruption is quite achievable to use bitcoin, we can conceal the benefits of corruption in the type of bitcoin and save it, but it all relies upon on moral, ethical issues, not about bitcoin
hero member
Activity: 2408
Merit: 584
October 18, 2017, 12:49:22 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.
The corruption is not because of bitcoin but because of the users. Corruption was there in the system even when bitcoin was not created. The corruption basically lies inside the consumer. If we use bitcoin in hiding our belongings, our money and make illegal transactions then this is not the fault of currency. There are many ways of using bitcoin for the welfare of the society.
Yeah you are very right the currency of the bitcoin is being use for the people and for the betterment of the people not for the bad of the people so I like the bitcoin for the price and the increasing price of the bitcoin. In the past I was not so much active but now I am taking the profit from it and you will be able to buy the thing that will increase your money so buy the bitcoin today and get the high income and the bright future tomorrow but try to use the bitcoin positively.
sr. member
Activity: 952
Merit: 250
October 18, 2017, 08:46:29 AM
Corruption can be found anywhere, the only sad news is, any corrupt government official can hide his stolen money in the Bitcoin blockchain by using mixers and long chains of conversion of BTC to other alts, and going back to corruptman's crypto wallet.

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?
full member
Activity: 357
Merit: 100
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October 18, 2017, 08:36:47 AM
We really are care about more corruption Huh I think the World is already that much in corruption involved
that it isnt possible to generate more of it... If you think Bitcoin is a reasson for more corruption then lock back
in the History of the regulated currencys corruption and money laundering stuff... Cayman Islands etc...
full member
Activity: 628
Merit: 154
October 18, 2017, 07:36:43 AM
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.
The corruption is not because of bitcoin but because of the users. Corruption was there in the system even when bitcoin was not created. The corruption basically lies inside the consumer. If we use bitcoin in hiding our belongings, our money and make illegal transactions then this is not the fault of currency. There are many ways of using bitcoin for the welfare of the society.
full member
Activity: 159
Merit: 100
October 18, 2017, 07:15:08 AM
Bitcoins is just like a cherry to the pie when it comes to corruption. where ever there is an official work there is corruption. Money leads to corruption and bitcoin is such a type of money in todays era the more you wait to redeem your money the more you earn because it is growing so fast.
Moreover bitcoins is a digital money so you will not have a proof about the same.
full member
Activity: 518
Merit: 100
October 18, 2017, 07:06:29 AM
Of course yes Sir! Since it is a system like goverment there are small or medium amount of people who really acts like a greedy man that wants to earn a lot money for there cause. but in that case if Bitcoin do not act in that transaction of corruptions, I assure that it can lead us to corruptions.
full member
Activity: 336
Merit: 100
October 18, 2017, 06:45:57 AM
I do not think that bitcoin can lead to corruption, of course it can enable some corruption because it is easier to hide transactions when using bitcoin, but it will never directly lead to more corruption.
legendary
Activity: 3318
Merit: 1133
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October 18, 2017, 06:44:46 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 like the illegal transactions have been simplified.
No more bringing plastics of paper money and it will just be their smartphones doing the transactions. They wont be easily noticed also even if they are in a cafe. It is too simply and no one sees your phone.
full member
Activity: 505
Merit: 100
October 18, 2017, 06:34:49 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?

Anything that is of value can definitely be used in corruption, money is a good thing, but because of people who are greedy and always wanting more, it lead money to a bad reputation. Now bitcoin is the same as that, actually, anything can be a couse of corruption, because its not the thing that makes corruption its the users.
sr. member
Activity: 504
Merit: 251
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October 18, 2017, 06:28:12 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.
sr. member
Activity: 770
Merit: 268
October 18, 2017, 06:13:30 AM
Just 1 week or two ago a high ranking government official in my country is accused of corruption. His group mentioned they never did anything illegal and his money mostly came from bitcoin. I wonder if he was really a big investor in crypto or he was able to hide some of his ill gotten wealth in crypto.
Just because someone is using Bitcoin, any other crypto currency, for corruption does not make it reason for corruption. A person or entity is less interested in the mean by which they commit corruption. to put it in better words, money launderer or corrupt entities are not attached to one specific tool of value storage. They dont care if they are using bitcoin or monero, ether, diamond, gold. What these guys care about is how stealthy it is, how flexible it is.
One popular reason for restraining people from using cash transaction was it increase black money. Thus people should go via banking system. These are easy to track. Now there are numerous banks, I mean international bank which were caught red handed doing money laundering. In fact these banks and financial institutes are the kingpin of corruption.
Stop killing messanger(bitcoin).
full member
Activity: 252
Merit: 100
October 18, 2017, 05:39:17 AM
if i'm going to ask you there is a bitcoin to say the difficulties in our country in so much help this bitcoin it's likely to be able to change or enrich our country because bitcoin is for everyone else you can use it to I see today only bitcoin I see hope for those who want to think that's my opinion ....
full member
Activity: 1498
Merit: 129
October 18, 2017, 05:20:59 AM
it so unfortunate that the way you wrap your point make the topic meaningless. first Money (either hard currency or ecurrency) cant cause corruption. corruption is the act  of making someone or something morally depraved or the state of being so. in other way corruption is define as dishonest or fraudulent conduct by those in power, typically involving bribery. bitcoin can be use to settle bribery just like any other legal tender can be use to do the same but it is not ideal to think bitcoin can lead to corruption. without BTC there will still be corruption
sr. member
Activity: 1666
Merit: 276
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October 18, 2017, 05:19:43 AM
Money laundering is common. I see the news that bitcoin can now be one tool to save money from corruption. a very unfortunate thing. this makes bad bitcoin image due to corruptor
Money laundering and corruption was found around commonly. Corruption happens through different forms and bitcoin had provided with the ease in corruption through the pseudo anonymous nature of the system. As the above quote, this has generated bad image to bitcoin and digital currency as a whole.
hero member
Activity: 1246
Merit: 501
October 18, 2017, 04:53:31 AM
Money laundering is common. I see the news that bitcoin can now be one tool to save money from corruption. a very unfortunate thing. this makes bad bitcoin image due to corruptor
hero member
Activity: 502
Merit: 500
October 18, 2017, 04:44:55 AM
Bitcoin or other form of valuable commodity could be use by corrupt person, but it doesn't mean the existence of Bitcoin was created to promote corruption.

Bitcoin are nothing to do with those greedy and fraudulent.


If someone wants to do corruption he can do that by anyway,its sad that it can be easily done with bitcoins.But if the bitcoin is only can purchase through bank transaction then we can stop the corruption,maybe in future all people started to use cryptos the we can easily find corruption and fraudulet by tracking the bank history.
full member
Activity: 476
Merit: 101
October 18, 2017, 04:26:04 AM
Bitcoin or other form of valuable commodity could be use by corrupt person, but it doesn't mean the existence of Bitcoin was created to promote corruption.

Bitcoin are nothing to do with those greedy and fraudulent.
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