Can Bitcoin also lead to corruption ? - page 44.

dissgo

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Quote from: meanwords on October 15, 2017, 11:55:32 PM

I think yes. There will always be that somone who will Bitcoin for corruption. We can't stop it but we can avoid it.

I agree.
and also since the transaction is opened for everyone watching it, u can track the address, but since it's anony, that's the risk u should take.
cause the digital may be hacked by someone or whatever to do

hangar18

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Quote from: marjoree on October 15, 2017, 10:35:04 PM

Since bitcoin is about money, greed of people can be expected because its a man's natural reaction when it comes to money , they get blind of it without thinking others

Maybe! However, you must to remember the nature of human are greedy, no one has not greed when its wants anything. So, when a person starts to invests into Bitcoin, of course this person wants to makes money from Bitcoin and the marketplace does not tolerate anyone.

meanwords

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I think yes. There will always be that somone who will Bitcoin for corruption. We can't stop it but we can avoid it.

orions.belt19

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Quote from: dmamigo on October 12, 2017, 02:02:20 PM

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Quote from: speem28 on April 11, 2017, 12:02:34 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, I believe that there's a possibility becauae still, it involves money. And as long as money is involved into something, corruption will always be present. I'm nit sure on how corruption works in Bitcoin since it is decentralized, maybe it is on ICO projects or campaigns which is related to Bitcoin something like that.

Yes you are absolutely right that possibility of corruption is everywhere but I am looking no way of corruption especially in case of bit coin as digital and crypto currency world and I think that corruption will be also a modern way of corruption.

There are different kinds of mindsets in this world so the corruption will depend upon the nature of an individual itself.

I also agree with you. The possibility is always there, because I think this is the very safe place to keep the corrupted money. No proof, no inquiry, no recovery and the money gone to the wallet of corrupt people. I think bitcoin will provide them the opportunity for more and more corruption. Now they cannot use or keep the black money in their bank accounts but bitcoin will give then the safe and easy way.

Actually corruption is and will be there forever, Bitcoin is just a medium that is or will be used by the corrupted peoples. But recently might be for this reason many countries are trying to regulate and also introducing KYC and AML to curb corruption. I believe there will be loophole or a way to still hide your money but atleast it will restrict or might even reduce it till some extent.

Just as with fiat money, bitcoin can simply become a medium for corruption. It would all boil down to the morals and values of a person - as to whether how they could use bitcoin. Bitcoin will not LEAD someone towards corruption but rather their selfishness will. They may use bitcoin as a tool to act on their selfishness. Corruption may be found anywhere, it may perpetuate through anything. Hopefully, the proper authorities would prevent these kind of acts through proper regulation.

marjoree

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Since bitcoin is about money, greed of people can be expected because its a man's natural reaction when it comes to money , they get blind of it without thinking others

Hishand

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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.

Reez

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Bitcoin is does allow for a free market but it will actually deter corruption because markets and systems will be fair therefore people will have no chance to be corrupt.

Mr.Anonymous

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Quote from: cryptojac17 on October 15, 2017, 07:35:06 AM

Quote from: Sled on October 14, 2017, 08:45:06 PM

Quote from: MyIdeas on October 14, 2017, 06:11:40 PM

Quote from: valisa on October 12, 2017, 02:21:47 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.

Even how often you will say that, they will not stop using bitcoin into illegal activities and corruption because doing bad things are already common for them and they want that way to earn money and the only solution for them to stop is by having the authority to arrest them or bring them in the police station and conduct an order that they need to stop what they are doing or else they will go to jail.

As we all know that money is the root of all evil, even if our intentions of BTC is good but there are greedy people just watching and looking for opportunity to strike, like what happen to silk road were using BTC to proliferate their illegal drugs business, hopefully we have already learned our short comings of that, but it is very possible to trace easily the criminal activities because this is electronic transaction that we can trace where money goes and stop illegal activities.

Why money is evil? All things is fresh at begin, money and Bitcoin also like that. Example Bitcoin, it only created to helps us solve the problem transfer money between countries without any limits instead of use bank system. But by the user, the nature of Bitcoin has changed to many type.

Protomono

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I think, bitcoin could be an alternative for corruptor to do money laundering or other actions that potentially harm the state. Because of character anonymity bitcoin .

cryptojac17

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Quote from: Sled on October 14, 2017, 08:45:06 PM

Quote from: MyIdeas on October 14, 2017, 06:11:40 PM

Quote from: valisa on October 12, 2017, 02:21:47 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.

Even how often you will say that, they will not stop using bitcoin into illegal activities and corruption because doing bad things are already common for them and they want that way to earn money and the only solution for them to stop is by having the authority to arrest them or bring them in the police station and conduct an order that they need to stop what they are doing or else they will go to jail.

As we all know that money is the root of all evil, even if our intentions of BTC is good but there are greedy people just watching and looking for opportunity to strike, like what happen to silk road were using BTC to proliferate their illegal drugs business, hopefully we have already learned our short comings of that, but it is very possible to trace easily the criminal activities because this is electronic transaction that we can trace where money goes and stop illegal activities.

planfox

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Corruption happens because of human greed and does not depend on the currency that is used in the country. I think bitcoin is already actively used in corruption.

usorin

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Quote from: darkangel11 on October 13, 2017, 02:25:45 PM

Actually bitcoin can make corruption more traceable than it is now. With all blockchain transaction being visible you can always follow the money trail. That's something you can never do with cash and only an insane person would allow people to wire bribes to their personal bank account.
You also have to realize that corruption has nothing to do with forms of payment. It's based on 2 factors: economy and people's mentality. When your government makes it easy and cheap for you to get all the permits and your job pays well you have no incentive to bribe others.

All i can say is that you are completely right. To exist corruption there has to be some ready to break the rules. You pointed some good points of view, looking forward for other comments from you.

Yarex

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Once I did some researches on corruption in different spheres of public life in EU and USA. We have to be true to real life, but not idealistic dreamers. Corruption exists because it is always gaining new forms, but with the dissemination of cryptocurrency this global evil may be reduced.

Sled

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Quote from: MyIdeas on October 14, 2017, 06:11:40 PM

Quote from: valisa on October 12, 2017, 02:21:47 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.

Even how often you will say that, they will not stop using bitcoin into illegal activities and corruption because doing bad things are already common for them and they want that way to earn money and the only solution for them to stop is by having the authority to arrest them or bring them in the police station and conduct an order that they need to stop what they are doing or else they will go to jail.

MyIdeas

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Quote from: valisa on October 12, 2017, 02:21:47 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.

darkangel11

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Don't let others control your BTC -> self custody

Actually bitcoin can make corruption more traceable than it is now. With all blockchain transaction being visible you can always follow the money trail. That's something you can never do with cash and only an insane person would allow people to wire bribes to their personal bank account.
You also have to realize that corruption has nothing to do with forms of payment. It's based on 2 factors: economy and people's mentality. When your government makes it easy and cheap for you to get all the permits and your job pays well you have no incentive to bribe others.

Pressessidow

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Yes i does,bitcoins can lead the planet into corruption if individuals big bitcoin holders trade and all massive buyers will have a excellent wish of funds and will use bitcoin to get it all,like what other stated bitcoins is a cash a currency which is the always lead to of why we have this corruption all about income

danherbias07

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It will be its way once the authorities find a way to change the way it should be done.
No tax for bitcoin and of course that is bad for the government. They want everything to be paid. Every movement of the people should have a something to pay that will go to their pockets.

skyflakes88

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yes as long as there is an intent to do so there will be corruption but the chances are slimmer than in fiat because in bitcoin it can be traced but to do so there must be someone who must raised a concern regarding to the issue. I believe as long as there is a man corruption greed will never be gone when the topic is money they will always find a way to cheat and to take advantage of the loop holes..

eekkaa

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I think if for corruption can not, because bitcoin transactions are open and transparent, all can see the history of delivery and withdrawal bitcoin from anyone and anywhere.

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