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 my opinion bitcoin can be used as a tool of corruption transactions. why? because in absence of a single admin who manages, making bitcoin transactions very difficult to trace. 
Topic: Can Bitcoin also lead to corruption ? - page 51. (Read 51258 times)
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.
Bitcoin is a currency so what makes you think it would be safe from corruption? Isn't buying illegal things and money laundering through bitcoin a form of corruption? Bitcoin is not leading to corruption, it IS drenched in corruption the moment people realize they can do all sort of things in bitcoin.
All illegal activities are fine except those money laundering, child pornography, torturing etc. type things.
For sure in my opinion. If now or in the past Bitcoin was used to buy illegal things, why not use its to corruption?
Actually Bitcoin's system support that kinda activity. And I think that it is one of few main things why many people afraid of that all crypto.
Actually Bitcoin's system support that kinda activity. And I think that it is one of few main things why many people afraid of that all crypto.
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?
What do you mean by corruption? Cheating the network or something like like. Putting bad code on it and try to exploit it? I don't think that can happen, because everything is public, so someone would know. As for the blockchain network itself, I hear that it would cost someon $30M or something like that, to produce a single "false" bitcoin. So I don't think corruption could enter in BTC. If you are saying using it in a corrupt way, like money laundry etc, then yes, it can and it will happen. But that can happen with any currency is not a problem of BTC itself.
It can occur when the rat rat nation is aware of bitcoin, then the nation is destroyed because of people who use bitcoin as a device of corruption.
There are people using bitcoin for good, and there are also some good for nothing fools that will use it for evil things. Well, same thing applies to everything in life; school is for education on positive way of living, but there are people who go to learn negative things. Money is for good things, but there are people that use it for the bad things. It’s just natural. 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.Bitcoin is just another format of money hence it can be misused by wrong people obviously. When black money is possible with fiats then it will be possible with any format of currency also so with bitcoins too.
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.Bitcoin is just another format of money hence it can be misused by wrong people obviously. When black money is possible with fiats then it will be possible with any format of currency also so with bitcoins too.
Even if there weren't money the corruption would still exist. Corruption doesn't exist because of money, corruption exist because the weak human nature of some people. In a physical world there will be always something people want, desire. If it's not money it can be a piece of land, a beautiful house/building, to have other people, like a wife, this kind of thing... And if they are corrupt they will do anything to achieve what they want.
It's not money or Bitcoin fault.
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.
Earlier Bitcoins used to be directed towards these activities. But in due course of time, the law enforcement agencies around the world developed methods to trace back Bitcoin transactions to the individuals. Nowadays currencies which are even more anonymous when compared to Bitcoin (such as Zcash, DeepOnion, Blackbytes, and Monero) are being used for these activities.
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.Bitcoin is just another format of money hence it can be misused by wrong people obviously. When black money is possible with fiats then it will be possible with any format of currency also so with bitcoins too.
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.There are different kinds of mindsets in this world so the corruption will depend upon the nature of an individual itself.
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.
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?
Ithink the nature of anything can lead to corruption when it involves having a sort of money.
In the case of bitcoin the corruption comes into the exchanges. The employees can corrupt the exchange wallets. All it atkes is one or two people to laundaer money as we saw for btc-e. Then everyone gets screwd. when anyone hs control of that much money or coins they can have corruption seep in
Yes.. Why not you yourself said how... Corruption is everywhere...thus... Getting corrupted people in this bitcoins system is for sure gonna getGhe system dirty its... Always like this only...there is no end to it..until and unless... Their mindset is like this... It will happen for sure.. no doubt about that..
Corruption is as a result of insatiable want of man. So whether bitcoin or paper money, corruption is born with man. Anyway , for bitcoin, it might be lesser if we guide our wallet very well but once you have been frauded in this digital currency, off we know you can't recover it for now unless there is another technology out there for recovery.
Bitcoin is a type of currency, and any type of currency can lead to corruption, so yeah bitcoin also may lead to corruption
Yes you are right , money is money and people won't change.
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?
I think no, the transaction of bitcoin is transparent and publicly viewable. So people can know where the money flowing. Although there is anonimity in bitcoin but people can see that someone is sending an amountbof bitcoin to someone else, but there is no information linking the transaction to anyone. So if we know who was the user of the address, we can supervise it. 
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 can. i can think of different ways corruption can happen even in this forum too. 
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?
Corruption? no it's not, but stolen is possible because those people who use this bitcoin have their on account or ledger, this is only a Virtual Currency it is tangible, unless you convert into currency depending upon the country you are, and it is available every time, plus you can share it into your friends or whatsoever that's the time the " CORRUPTION" is inlvolve
Just like any money, Bitcoin can be stolen, used for corruption or for any kind of illegal deals. On one hand, unlike in bank transactions, it's more complicated to trace and investigate suspicious transactions. On the other hand, since it is a decentralized currency with an open code and fair stats available, it's, in fact, far more trustworthy than traditional, state-controlled money. If Bitcoin-using enterprises are willing to provide clear reports of their income, it would certainly help to reduce corruption. Simultaneously, growing demand is pushing state institutions to accept Bitcoin as legitimate currency. It may sound idealistic, but cryptocurrency might be the exact tool to make financial relations between business and state more transparent and more clear to general society, which leaves less room for corruption.
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