Can Bitcoin also lead to corruption ? - page 52.

cxihub

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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?

Just like internet(past) was new and people are unware of internet and government thinking it will lead to bad works and later after time to time new technology developed and regulations were made. Since this time bitcoin is new to internet and peoples. It will lead to many bad activities no doubt but bitcoin is giving ways to payment system and other financial support. It will be new but later new inventors will figure out new ways and new inventions to track and regulate bitcoin.

Dont Worry.

Cheers!! Grin

Bitcoin if Future....

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Cxihub

finthebar

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I think the question needs to be reframed somehow, corruption occurs where one or more people abuse their power or privilege to get a dishonest or fraudulent advantage over others - essentially, you could replace Bitcoin with Jellybeans and then neither Bitcoin nor Jellybeans cause corruption - dishonesty, fraud and abuse of privilege cause corruption. Bitcoin is just a convenient tool in the perpetration of corruption, much like cash - but it could be many other forms also.

lalunalaguna

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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?

I think the possibility of that thing of bitcoin can lead to corruption can really possible since you have stated that whenever money was involve, corruption do exist because of greediness of gathering more money for much power to have. But we must not blame bitcoin about the sprout of corruption since people are the responsible of doing such thing which is dependent on their doings.

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: Alttradex on September 22, 2017, 09:58:57 AM

Corruption is an issue that will always emerge when it comes to any kind of currency, it is the responsibility of those running the different platforms and providing the different services to ensure the correct procedures are put in place to combat misuse of said platforms and services.

good point is not just crypto but any currency that worth will be able being use in any corruptions as people become greedy, there's always a
will for those people who really wants to keep more money than the usual that they should have and bitcoin is not exempt being use to hide
their wealth.

Alttradex

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Corruption is an issue that will always emerge when it comes to any kind of currency, it is the responsibility of those running the different platforms and providing the different services to ensure the correct procedures are put in place to combat misuse of said platforms and services.

TrueCryptonaire

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Due to pseudo anonymous nature of Bitcoin it is quiet easy to get ill gained money as no one knows who the sender is and who the recipient is. So the process of finding out about the details of the person is quiet difficult to close to impossible. So for a corrupt person accepting money in Bitcoin is pretty easy as there are no banks required to accept payments in Bitcoin and a person can have unlimited Bitcoin addresses, so no two addresses can be linked if he take care while using each address.

fianaindriati

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as far as I know that what raises money is certainly corruption too, because now there are many people who are greedy for money, such as the part of government who sometimes do krupsi without seeing the people around him who are less able and sometimes can not eat because do not have money . it's best if we know the less fortunate people we should help him instead of doing the corruption that keeps nervous the citizens.

warrior333

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I've never heard of cases of bribes in bitcoins. Corrupt officials may hide their fortune in bitcoins, but that's another issue. Such statements of the government to turn public opinion in order to advance to the attack on cryptocurrencies.

mozillaspez

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Quote from: SiDtHeBeSt on September 21, 2017, 08:14:20 AM

Bitcoin is a type of currency, and any type of currency can lead to corruption, so yeah bitcoin also may lead to corruption Sad

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.

Ashong Salonga

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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?

I don't think so because it depends on the people if he/she will do something for her/his money that will lead him/her to become corrupt and if all of his acts will somehow become negative in a way that it is not good and worst in holding a money. Too much greediness will result to corruption and other negative acts.

8270thNinja

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busy in real life, long post gap is understandable

Of course, Indeed it will lead to corruption, Greediness can also lead to corruption. Bitcoin has a value, it is a money, a currency. corruption can also happen between each bitcoin enthusiasts and Bitcoin developer or into bitcoin system, We really don't know. But the thing here is that you should know that bitcoin is a currency and any currency has an issue on corruption WHICH MEANS, Bitcoin can surely lead to corruption.

faceoff97

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Honesty saying, bitcoin was made to handle and control your wealth without anyone's intervention. Thus, thua only mean that it can be used in whatever purpose you want even corruption. This would be easiest way to make some hidden wealth which most politician really does.if politician easily do corruption with the normal currency how much more with crypto. The truth is, bitcoin might be even used for drugs and other illegl activity.

Mrsmants

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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.

Koadharber

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Quote from: SiDtHeBeSt on September 21, 2017, 08:14:20 AM

Bitcoin is a type of currency, and any type of currency can lead to corruption, so yeah bitcoin also may lead to corruption Sad

It can really lead to corruption knowing that Bitcoin is an anonymous thing which people who do have bad intentions on corrupting money would really be succesful to hide those funds since no one could able to trace or know on whose the one is the owner of such wallet.Its sad to know but this is infact the reality on bitcoin too and we should accept that there are people who would really use for this kind of intention.

SiDtHeBeSt

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Bitcoin is a type of currency, and any type of currency can lead to corruption, so yeah bitcoin also may lead to corruption Sad

LieTOme

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now this btc can be a tool to launder money. many countries also find typical bitusin used for corruption is indeed one of the shortcomings of bitcoin in utilizing most people for irresponsibility

youdacapt

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GOD is TRUE

This is where the official regulation should be used by the government, the same thing will happen to fiat if not regulated, bitcoin increases the chances of corruption but can still be traced to every flow of transactions, the government can also apply kyc/aml in every rule, so the point is that the government is not willing to open up to bitcoin, bitcoin can actually be useful for everything including taxes.

VenessaShillerqzx

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Quote from: superplus on September 15, 2017, 06:41:40 AM

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.

Strught85

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Of course, you are right completely. Bitcoin can direct to corruption as handle of sender and receiver is nameless which can make it one of the most secure techniques to transfer bribes.

Mobshady24

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If you read some past news and issues in some areas about fraud and scam, most of it are involved by bitcoin. I think due to its anonymity that's why it is mostly accepted by scammers as payment, they can't be chase that easily. Corruption is always there as long as there is a money in a conversation, greed will be always a nature of a human.

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