Bitcoin can even lead to more corruption, because it is a decentralized and anonymous system and difficult to trace who gave how much to whom on which day.
It can happen as well. I think there is nothing in this world which cannot happen. If we talk about this thing that Bitcoin will lead us to corruption, then I think it will not be the Bitcoin who will lead us to corruption but the people who will be using it for the sake of corruption. Bitcoin itself is neither good nor bad but it is we who will either use it for legal earnings or illegal activities.
Topic: Can Bitcoin also lead to corruption ? - page 54. (Read 51285 times)
Till now I haven't heard anyone using Bitcoins for the payment of bribes. Perhaps the bureaucrats and the government officials are not tech savvy enough to accept the bribes in Bitcoin. But rather than Bitcoin, I would suggest anonymous currencies such as BlackBytes, DeepOnion and Monero for this purpose. Because I doubt that Bitcoin is 100% anonymous.
While we have not seen this yet I think that as bitcoin gets more attention and adoption from the public cases like that are going to begin to happen which is going to be really troublesome for the police because even if they identify the guilty person they are not going to be able to get the money back. 
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.
Corruption can happen anywhere. When there are greedy people there's corruption that takes place too. If the people who holds bitcoin are corrupt then bitcoin can lead to corruption as well. If only people will be true and wont let their self interest to get rich ruin them, it will be a bright future for all of us.
We all know that everyone can be corrupt when it comes in money. Since nowadays bitcoin is consider as as money too. And I think there is a possibility to lead anyone to corruption because bitcoin is not illegal and it can't be controlled by anyone.
I think without bitcoin corruption has also happened, if they use bitcoin for money laundering of course we can not blame bitcoin because before there know bitcoin they also divert their money to another bank type.
Yes, you are proper totally. Bitcoin can lead to corruption as tackle of sender and receiver is anonymous which helps make it one particular of the most secure approaches to transfer bribes.
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'm not sure that in bitcoin there is a corruption. Maybe there's none. It could be either scam. All managers here in this forum have their own perspective for the successful of their project and if corruption exists here maybe their project fail.
What kind of corruptions you are talking about? Bribes? Money laundering? Insider trading? Every single one of those existed before bitcoin and they will exist after it. If bitcoin made being corrupted easier, so what? Internet also made so many crimes possible. People even can hire hitmen from the internet. Do we blame the internet for that? No. Every technological advancement comes with pros&cons.
correct, crime is everywhere, but I think to make corruption in the form of btc was minimal happen, because I think btc has a very transparent transactions, might be the kind of corruption such as money laundering, corruption referred to by op.
Yes correct. What corruption are you talking about? Because we are all know that there is corruption everywhere, Corruption always happen because of money. Everyone leads to corruption especially those people is so desperate to have more money or to be rich.
I think it's going to be so hard for corruption in bitcoin because Blockchain has the potential to make it more efficient, make quicker settlements and so that economic activity will get higher with less corruption and fraud. In addition, it will cause us to live as a more honest and transparent society, "he concluded.
Yes, it can lead to even heinous corruption. This is because its transaction are not traceable, it is decentralized. You can send your bitcoin from America to Asia without being traced and once there is a mistake in the transfer, it is gone to another wallet or lost in the wind of network challenges. I mean, is an individual business, no bank to support you in any trace, we have fake wallets that can swallow your bitcoin when sent to it. I heard of such lost of huge bitcoin to a fake wallet recently. Pathetic news
Yes, bitcoin can be transfer easily to someone without any verification unlike with banks there some papers before making 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?
Most country with corrupt government officials are slowly leaning towards cryptocurrency and silent about this issues. They might laundered those funds untraceable on Blockchain technology it might be just a theory's for now without proof this is a mere allegations but possibilities is high. But few countries who have good or incorruptible member of public servants is legalizing bitcoin for the good of they're people like Japan.
Bitcoin was founded on corruption. The very first transactions it was used for was on the Silk Road on the Dark Web for illegal things like drugs, weapons and more.
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. The good thing about bitcoin is immutable.
Till now I haven't heard anyone using Bitcoins for the payment of bribes. Perhaps the bureaucrats and the government officials are not tech savvy enough to accept the bribes in Bitcoin. But rather than Bitcoin, I would suggest anonymous currencies such as BlackBytes, DeepOnion and Monero for this purpose. Because I doubt that Bitcoin is 100% 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?
No, In some other country bitcoin is not considered money because it is still a digital currency. We can only considered bitcoin as money if they allowed to be a real currency or without exchanging it in real currency. They cannot use bitcoin as a corruption because as I said bitcoin is not a real currency and there is no tax when earning in bitcoin. So the government cannot get any single coin from bitcoin.
anything at all that can deliver power or bring about voracity can degenerate folks. Bitcoin like money is no exclusion. Bitcoin can give folks management, income associated ability, and difference. In the celebration that a man can't get enough of these with Bitcoins then he can rework into a degenerate specific misusing all that he can to get a increased volume of what Bitcoin offers
botcoin who knows but if that happen flood of war comments and every will rise. Likely I think it will never happen it will rise to a success but in the end of discussion who knows bitcoin may come to an end
probably not, but bitcoin can act as a money laundering place, because the transaction is very difficult to track. but, I guess, there's not much else to do about it. Today, people are focusing on investment. because bitcoin prices tend to rise.
Bitcoin is not difficult to track, in fact it is very easy and it is done everyday, it may difficult to put an identity to an address but the moment you cash out, that is when you can get identified by authorities. Jump to: