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, definetely yes, why? This is the best way to be anonymus and that's all... If anyone can pay or make somethink without giving personal data it would make a corruption... 
Topic: Can Bitcoin also lead to corruption ? - page 47. (Read 51258 times)
no technology is corruption proof and the old Axiom is true that power corrupts absolutely... nothing is more powerful than having access to a digital currency system that has literally no regulations and no borders. the American FBI agents who took the Bitcoin from Silk Road they themselves were too tempted to not use and laundry that money because after all it was just a digital currency right? North Korea regularly deploys cyber attacks for Bitcoin and if you ask the right people so does Russia... the point is that this technology exists in a gray area that can be exploited by both people looking to solve problems and people looking to create them.
I think this is a fair point, bitcoin is so powerful it allows people to be come rich with their investments and to hold millions of dollars that no one can touch and confiscate that allows for all kind of crimes, but this is not bitcoin fault, humans are at fault for their sinful nature. 
Greedy people will be corrupted by any currency or a valuable asset in order to get as much money as possible in a dishonest way or solve their problems in this way.
Bitcoin was created as the world decentralized peer to peer payment system which make it impossible for bitcoin to also lead to corruption and the way bitcoin would lead to corruption is if it was change from been control by it users.
Corruption is something that is created by people, so any system can always be corrupted as it was manage by individuals. The only good thing about bitcoin is, is it currently had independent platform and not controlled by the government.
Well the idea of it not being controlled by the government will simply make other officials that belong to the government abuse its features. By simply knowing that the government has limited grip on Bitcoin they will certainly make transactions with it as they cannot monitor easily the flow of money when they use Bitcoin as a mode of transacting. But that is just simply a thought to make the argument going as it simply can favor other people who is in attempt of doing corrupt practices. 
Corruption is something that is created by people, so any system can always be corrupted as it was manage by individuals. The only good thing about bitcoin is, is it currently had independent platform and not controlled by the government.
Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula.
As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.
As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.
I agree. Corruption happens everywhere as long as the people concerned allow it to happen. And so I must say that Bitcoin, too, can lead to corruption once it is used as a ploy or vehicle or medium by the people to proliferate their illegal causes. It is in fact of a higher risk of getting caught up with corruption because of its nature that is hard to comprehend, decentralized, and anonymous.
Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula.
As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.
As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.
I agree. Corruption happens everywhere as long as the people concerned allow it to happen. And so I must say that Bitcoin, too, can lead to corruption once it is used as a ploy or vehicle or medium by the people to proliferate their illegal causes. It is in fact of a higher risk of getting caught up with corruption because of its nature that is hard to comprehend, decentralized, and anonymous.
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 it can lead to corruption. I think everything that is related to money can lead to corruption in the future. Because of no government control bitcoin can be use on any illegal activities such as drug trade, etc., that can lead to corruption also.
It can not be because to buy a large amount of bitcoin in an exchange you need to verify the complete data.
This is irregardless of the amount, you can be corrupt with small amount of money and doing it consistently will turn into a bigger amount. Exchanges are more strict now as the government understand the popularity of bitcoin and it's one of the option of the people who wants to launder money so they can continue with their illegal activities, bitcoin can lead to corruption and so as fiat, with that reality there is no difference and it all depends on who will execute the transaction. 
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 it can lead to corruption. I think everything that is related to money can lead to corruption in the future. Because of no government control bitcoin can be use on any illegal activities such as drug trade, etc., that can lead to corruption also.
It can not be because to buy a large amount of bitcoin in an exchange you need to verify the complete data.
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?
Theres possibility that bitcoin can also lead to corruption because this is a hidden currency that not regulated to the goverment maybe some bad people can use this as a transaction for buying weapons or drugs or other kind of bad activities.theres possibility that they can use bitcoin for payment of some people to do an terrorist act or illegal activities.bitcoin is made as part of evolving technology for human goods,to make our work easier and to help us have an extra income and not for the person who have own personal interest to destroy our mothers earth.
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.
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
As the transactions in Bitcoin is anonymous. It really can lead to corruption. There really should be a way in which one can track the transactions only if necessary! 
As you said the bitcoin is one of the easiest for for doing corruption.If someone have black money he can easily convert it into bitcoins by local tradings like give money to someone and buythe bitcoins from him.If he bought the bitcoin no one can track him.
So it is highly possible for corruption.But if the whole world started to use digital currency then we can stop corruption.
I think you are quite right on the possibility of bitcoin still leading to corruption because human beings are naturally greedy. They will always find a means to break either into code or engineer fake wallets which I'm already having the information. Meanwhile, the other aspect you said if it started to be used, corruption will stop -I might not agree to that, because it is still the same thing. Bitcoin won't take away corruption.
We all know corruption is all over the world and even bitcoin is not exempted in this kind of activities. Everyone can hold or store bitcoin even politician can do. Because greedy is natural in human bitcoin can use in different transaction with involvement of corruption that why bitcoin is not exempted.
Bitcoin can lead to corruption definitely! In our world that is full greed...nothing is exempted in experiencing such corrupt practices. People will always think of things that can lead more to unpleasant things. Bitcoin is the same as having any other resources. Possibilities for it to be the means of corruption is possible.
As the transactions in Bitcoin is anonymous. It really can lead to corruption. There really should be a way in which one can track the transactions only if necessary!
As you said the bitcoin is one of the easiest for for doing corruption.If someone have black money he can easily convert it into bitcoins by local tradings like give money to someone and buythe bitcoins from him.If he bought the bitcoin no one can track him.
So it is highly possible for corruption.But if the whole world started to use digital currency then we can stop corruption.
It wont take too much to we see some politician start using bitcoin and crypto currencies to hide the money they get ilegal, it does scares me if they really will use crypto for those purpose because instead spread away the beneficts they will use it to damage even more crypto world, that most people consider as dark marketplaces.
If those politician will plan to do corruption using bitcoin, I guess they would due to all transactions was incrypted. Unlike fiat cash corruptions money is very visible when it comes to being used as bribe as part of politicians corrupt acts. Yeah I agree on that matter that those politicians will hid their money using bitcoin as diversions of corrupted amounts.
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