I am thinking an exact situation that connects bitcoin to corruption. Since BTC is not controlled by the government or any other organizations, I don't think so it will lead to corruption. But rather than that, scammer is everywhere. They exist on ICO, online business where bitcoin is involve.
Corruption does not only happen in the government on a certain organization, one can do corruption if he chooses and with bitcoin it's possible as it's easy to launder the funds compared in using the service of the banks. That is why now the bank are challenge to do necessary steps to monitor our transaction especially those who are in their watch list, but we cannot be stop, we transact based on our will and we have that freedom.
Topic: Can Bitcoin also lead to corruption ? - page 43. (Read 51258 times)
For me it is will not lead to corruption as I am not that much expert in these activities but I can say that if we look positive we will come with a view of positive outcome and if you are a good person you can earn bitcoin through legal way and through this bitcoin you can start a trust, hospital and can remove hunger of many families.
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 any system where there is a dependence on consensus among humans, there will be such a possibility, but in Bitcoin this would be very unlikely to happen, since miners would be harming themselves.
so yes its posible
I am thinking an exact situation that connects bitcoin to corruption. Since BTC is not controlled by the government or any other organizations, I don't think so it will lead to corruption. But rather than that, scammer is everywhere. They exist on ICO, online business where bitcoin is involve.
Corruption does not only happen in the government on a certain organization, one can do corruption if he chooses and with bitcoin it's possible as it's easy to launder the funds compared in using the service of the banks. That is why now the bank are challenge to do necessary steps to monitor our transaction especially those who are in their watch list, but we cannot be stop, we transact based on our will and we have that freedom. Yes it can lead to corruption, there are certain usage of bitcoin that will drive people to abuse, Like money laundering, since it is decentralized and people who get used to it remains anonymous, This will be the lead to make crimes and other illegal activities evolve. Corrupt people could also used to transact money through btc to make themselves untraceable.
Yes definitely bitcoin is leading to corruption.Since bitcoin is not regulated by any central bank or any institution,there are many cases of fraud .Since the payments from signature campaigns are directly received by the people,there is a lot of case of black money in the economy.This can also lead to scams. 
I am thinking an exact situation that connects bitcoin to corruption. Since BTC is not controlled by the government or any other organizations, I don't think so it will lead to corruption. But rather than that, scammer is everywhere. They exist on ICO, online business where bitcoin is involve.
Yes bitcoin is also lead corruption. In this universe, there is two side in everything ;good side & bad side.Bitcoin is blessing for us who do good thing & other it is blessing for us if anyone do bad thing with this.We have change to our mind. We have to see the good thing not bad thing.
yes its posible many party use it as source of doing coruption. we need a party or something that cant make sure or atleast reduce money laundry or terorist fundrising.
Bitcoin is just a currency its not some kind of god that can dictate people what to do where in fact like fiat currency that can be used to purchase illegal drugs, weapons and stuff. Bitcoin is no different they say that bitcoin is bad cause it is use by criminals but it is mostly the same in dollars or any other currency. A currency is just commodity for people to use whether its good or bad it is entirely up to the user.
Yes , definitely It can be lead to corruption if some other people will become selfish. One example are those people who doing scams. They try to lure the people and do everything just to earn a bitcoin without handwork. I remember the these quote "Money is the root of evil". Just saying.
Just like any other currency including all fiats, people crave for it and so it can be involved in every corrupt activity or people can use it to perpetrate criminal activities that will inure to the benefit of their corrupt activities.
Yes it can lead to corruption, there are certain usage of bitcoin that will drive people to abuse, Like money laundering, since it is decentralized and people who get used to it remains anonymous, This will be the lead to make crimes and other illegal activities evolve. Corrupt people could also used to transact money through btc to make themselves untraceable.
Of program it can guide to corruption as its an decentralized currency and no 1 can have manage on it so no 1 would know who is transacting and in that circumstance it can be utilized for corrupted pursuits.
It can lead to corruption worldwide because of its decentralization. Normally when some making investment in any investment institute like banks insurance companies etc. they are asking about the source of income. But here in bitcoin investment there is law for the investors to show his income tax return and wealth statement whether these money is earned by the person legally or not. So the corrupt people have the best option to purchase bitcoin and Utilize it theft money.That's true, there's bob denying that Bitcoin can be used for corruption by bad people in our societies. They can easily manipulate their ways jnto using it to pay for drugs and other deviant atrocities. Bad people in government can use it to steal government money and send it to offshore countries without the being traced.
Of program it can guide to corruption as its an decentralized currency and no 1 can have manage on it so no 1 would know who is transacting and in that circumstance it can be utilized for corrupted pursuits.
It can lead to corruption worldwide because of its decentralization. Normally when some making investment in any investment institute like banks insurance companies etc. they are asking about the source of income. But here in bitcoin investment there is law for the investors to show his income tax return and wealth statement whether these money is earned by the person legally or not. So the corrupt people have the best option to purchase bitcoin and Utilize it theft money.Of program it can guide to corruption as its an decentralized currency and no 1 can have manage on it so no 1 would know who is transacting and in that circumstance it can be utilized for corrupted pursuits.
It can lead to corruption worldwide because of its decentralization. Normally when some making investment in any investment institute like banks insurance companies etc. they are asking about the source of income. But here in bitcoin investment there is law for the investors to show his income tax return and wealth statement whether these money is earned by the person legally or not. So the corrupt people have the best option to purchase bitcoin and Utilize it theft money.that is true, criminals can hide behind the scenes and use bitcoin to move their assets from country to country without being caught for money laundering because there will be exchanges to exchange those purchased bitcoins back into local fiats.
Yes , definitely It can be lead to corruption if some other people will become selfish. One example are those people who doing scams. They try to lure the people and do everything just to earn a bitcoin without handwork. I remember the these quote "Money is the root of evil". Just saying.
You are right but you haven’t mention the big problem due to bitcoin is money laundering. It can be easily purchase by the person who have black money or theft money and then convert these bitcoin into foreign country. Send these money into his home country through proper banking channel by paying some taxes and shows the income in foreign remittance. So bit coin can be easily use by corrupt people by making his corrupted money white. Yes , definitely It can be lead to corruption if some other people will become selfish. One example are those people who doing scams. They try to lure the people and do everything just to earn a bitcoin without handwork. I remember the these quote "Money is the root of evil". Just saying.
Just like any other currency including all fiats, people crave for it and so it can be involved in every corrupt activity or people can use it to perpetrate criminal activities that will inure to the benefit of their corrupt activities.
Yes , definitely It can be lead to corruption if some other people will become selfish. One example are those people who doing scams. They try to lure the people and do everything just to earn a bitcoin without handwork. I remember the these quote "Money is the root of evil". Just saying.
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 anything that is related to money and earning could lead to corruption. Money and greed is always the root of greed. People will become greedy if they know they can earn bitcoin. There are people here who ignored a lot of things just to earn more money.
Indeed i feel so it may possibly direct to that if huge holders will manipulate and management bitcoins price tag in the market,also if the community alone confront some errors or intentionally dhut down the method and collect all bitcoins of all users.If federal government regulated bitcoins may be an situation to
The biggest problem which government have worry from accepting bitcoin as legal currency is this that bit coin have very high chances to use in corruption and specially in money laundering. So if some one have black money and he wants to make it white money he can simply purchase bitcoin in local market then convert it in other country in dollar then send these dollar to his own country pay some taxes on it and make your black money white in few hours.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?
It's easy corruption is that, the right reward for solving problems, and what a difference in what currency it is to do, if you can cash out later, the doctors will take the food with food. Therefore, while there are people who want easy money, corruption will always be. Jump to: