Topic: Can Bitcoin also lead to corruption ? - page 50. (Read 51258 times)
I personally do think that with any new and revolutionary technology such as Bitcoin and comes a double-edged sword where you have technology to better businesses transactions and keeping people anonymous. However, it also helps large mafias to conduct illicit transactions without having to incur expenses associated with guarding money, transporting and so on. Bitcoin allows for a transaction to be sent to anyone located anywhere in the world anonymously and securely.
You can't say it use for corruption, bitcoins are use for some negative activities like money laundering or drugs. Its all happening on internet and we can't blame internet for it. The identity of the person involve in corruption (using bitcoins ) cant be traced but bitcoin transactions are anonymous.There's some disadvantage of bitcoins.
Because of anonymous identity of any bitcoin holders, it's easily to make those criminal activities without caught by the authorities. Of course, because it is online transaction just a single click transaction is done. And any person can do this, even the authorities because nobody knows what exactly they are doing, and a big possibility that it can lead into corruption. 
I think it will not lead corruption due to bitcoin community was not covered by any government. However there's a possibility that bitcoin leads corruption if the government of different nation joint forces to take over the power of authority to bitcoin.
Wrong! You can be so corrupt yourself and probably stash funds that belongs to your company or government funds into bitcoin knowing you cannot easily be traced. Bitcoin or no bitcoin, corruption has always been existing and bitcoin cannot in anyway stop it. However, there are ways it can be curtailed and which can easily be done by monitoring and licensing exchanges available in the country. As we all know, some exchanges now will require you to upload a valid ID before you can exchange with your fiat. Bitcoin is a type of currency, and any type of currency can lead to corruption, so yeah bitcoin also may lead to corruption 
Bitcoin is not using for corruption because bitcoin is decentralized everybody can use bitcoin so it is not new that bitcoin or we can mention that bitcoin is using for money corruption.
it might be possible if the bitcoin leads to corruption, because bitcoin has yielded considerable and high yields. especially if the bitcoin is used by the greedy rich people for sure, arise is corruption.
hopefully something like this will never happen in the bitcoin world.
hopefully something like this will never happen in the bitcoin world.
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?
Maybe you are taking about greed? I dont see where to apply corruption here. Are you trying to say those who manage campaigns or those who've been entrusted with huge amount of coins to be distributed? I think they are accountable for all the accountings of every penny they distribute.
It is possible and plausible that bitcoin can be used for corrupt activities and the anonymity of it could be a useful tool for that to be the case.
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?
the word "lead" is not acceptable. corruption is present even in the absence of bitcoin. leading to corruption means bitcoin is designed to corrupt which is not the proper intention of satoshi upon creating bitcoin. it may be a means or accessory to corrupt but bitcoin cant lead to corruption it depends on the holder if they will use it to launder money.
Yes right. The price of the bitcoin will not responsible for the corruption. Corruption in state is common. It will not cen percentage depond on your bitcoin. Bitcoin is the best source for the investment. Only very few people using the bitcoin for the corruption. Bitcoin only be acceptable currency one day.
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?
the word "lead" is not acceptable. corruption is present even in the absence of bitcoin. leading to corruption means bitcoin is designed to corrupt which is not the proper intention of satoshi upon creating bitcoin. it may be a means or accessory to corrupt but bitcoin cant lead to corruption it depends on the holder if they will use it to launder money.
Characteristic of corruptors is trying to save money as safe as possible, before they save in foreign banks or do money laundering. but I'm not sure the corruptors want to save money to bitcoin because they understand there's a risk if the bitcoin price drops.
Bitcoin can easily lead to corruption just like any monetary system. Mixers can help in keeping anonymity as well. Every monetary system can lead to corruption, it is not like Bitcoin is giving opportunity. Still most of the people prefer cash for small scale corruption and bank accounts for large cale corruption. It is not new.
Can. Money laundering can be done by buying bitcoin and will not be traced like a regular currency, does not rule out the possibility of corruptors glancing bitcoin to secure the results of their corruption. Because of that bitcoin is not legalized in my country.
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?
Yeah your correct., and ofcourse it can lead into corruption. Because corruption is not only on the governments it can be happen even inside our house. Being a greedy on money can triggered to people to make or decide to corrupt. And it may happen when the wallets are not transparent to all transactions even the other site that connected on coins transaction.
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.
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?
Yeah your correct., and ofcourse it can lead into corruption. Because corruption is not only on the governments it can be happen even inside our house. Being a greedy on money can triggered to people to make or decide to corrupt. And it may happen when the wallets are not transparent to all transactions even the other site that connected on coins transaction.
yes bitcoin can be the money that use to corruption, bitcoin is anonymously, so if they use bitcoin as the payment of corruption they can hide their identity and government hard to track that 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?
It is really hard to say that it is not possible to happen. I believe that as long as there's an involvement of money, there'll always be corruption. In Bitcoin, surely it is rare since everything is publicized such as transactions but still, it is possible to happen as what I've said. There are already cases reported in altcoins that has a strong blockchain technology, therefore, it is also possible to happen in Bitcoin. 
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, so long as Bitcoin remains precious and valuable not everyone will pursue it with a clean mind and so I can believe there can be elements of corruption that surrounds Bitcoin.
True and since bitcoin favors in anonymity which can trigger the fact that bitcoin can be home for the people who took credits that is not really for them. Corruption may be involved her since bitcoin can provide a lot of profit which is undoubtedly better than the jobs for the certain field that we can be aligned.
Any currency can lead to corruption, since everything depends on a person's greed, and not on what currency is used in the country. As long as people are greedy, corruption will exist.
but bitcoin blockchain system is transparent to public, if government want to secure their money from corruption, they will announce the address of where the bitcoin for a project is stored and people or citizen could watch it. if there's strange movement, the citizen could report to the government.bitcoin could prevent corruption than leading to corruption, even bitcoin mixing could still be traced by using complicated algorithm.
Any currency can lead to corruption, since everything depends on a person's greed, and not on what currency is used in the country. As long as people are greedy, corruption will exist.
Jump to: