Can Bitcoin also lead to corruption ? - page 56.

wearepoor

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Quote from: Farma on September 02, 2017, 12:35:35 AM

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.

We can not deny the possibility of the corruption with help of bitcoins. People could use the bitcoins for taking bribes and to perform other illegal transactions and no one can stop them. But i think bitcoins should be use for good purpose and the criminals, corrupt people should stay away from the it and I know there is no way to stop them.

cramblimp

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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'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.

marcbitcoins

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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?

Bitcoin corruption is very possible when the government start acknowledged that their currency to be use is now bitcoin. So from corrupting paper money it will shift to corrupting bitcoin. Anything can be corrupted as long as the greedy people are around specially in the government office. If they could corrupt sacks of rice and government medicines how much more if bitcoin will be our future currency replacing dollar.

Dezmond

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As a matter of fact, bitcoin was used to buy weapons, drugs, and so on. It was within the dark web. Only hackers knew about bitcoin. That's why, it should be within good hands.

Emitdama

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Quote from: logicgate on August 30, 2017, 03:34:18 PM

Quote from: Lanatsa on August 30, 2017, 10:45:46 AM

Quote from: bitcub on August 30, 2017, 10:18:07 AM

Lets hope that corrupt government official will not see the potential of Bitcoin to hide their stolen money from the government fund in Bitcoin. I believe some corrupt officials from many countries are hiding their moneys in form of Bitcoin. This is safer than saving their money in Bank.

Your hopes that should be avoided seems they are already aware on bitcoin existence and its capabilities on hiding corrupted money. I do strongly believe that this is already been doing by some officials specially who do have knowledge on bitcoin.It cant really be avoided because anytime soon they will really discover this feature on what bitcoin has.

Haha! Grow up, mates. They are already using them for this purpose. They are always ahead of us in these activities. Bitcoins are used by all people who are having money by unfair means. This is really sad that people never let go any opportunity of misusing things. So shameful of these corrupt culprits!

Where do you guys come up with these questions? This is just some effort to create an activity on the Forum? Anything can lead to corruption and anything can lead to not creating corruption.

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Quote from: Farma on September 02, 2017, 12:35:35 AM

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.

Difficult to track? Why i've read on some posters on other thread they said that bitcoin's security and privacy is not that good as of now? That an article realeased headlining that illegal users tend to discontinue using bitcoin because the transactions are now easily tracked?.

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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.

TagaMungkahi

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Yes, greediness can also lead to corruption, i've seen some reports here that show some people are creating another accounts because they are greedy of earning which may lead to corruption. If a bitcoin will be implemented on a certain organization, greediness for bitcoin may lead to corruption.

Babyrica0226

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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?

In my assessment on this, I do believed that bitcoin cannot lead people to corruption. Only the person has a capability to become corrupt now if ever He/She find out this thing which is Bitcoin, that people can have an idea to use bitcoin a tool for them to corrupt to get something under the fund of the government.

drachman

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Quote from: Proton2233 on August 30, 2017, 05:51:26 AM

It seems to me that the involvement of bitcoins for illegal activities and crime is rumors are deliberately spread by the government and banks. If bitcoin will continue their lives will change for the worse for their side. So they are waging an information campaign against bitcoin.

Of course, that is a deliberate attempt to try to weaken bitcoin, they know that even if they ban it people are going to keep using it so they are lost at what to do with it and how to stop its growth.

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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?

Corruption is a worldwide phenomenon that leads to worldwide poverty. Being greedy is the main reason why corruption is present in the society. I think too much bitcoin usage can lead to corruption because using it too much can give you lots of money that can make you too greedy of having or wanting many money that can push you to be a corrupt individual. But we cannot blame bitcoin for the presence of corruption in fact, it was depending on bitcoin users on how they use bitcoin and how do they behave if they be corrupt or not

Cherylstar86

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Quote from: halych on August 30, 2017, 10:55:04 AM

Bitcoin can not lead to corruption because it is just a currency with which to give a bribe. To the corruption leads human greed, which is almost every person.

Today's political norms happening around the world has gone worst as leaders lead to abusive type of leading the country. It come to a point that corruption still came to a disease that entirely deadly to the country's economy and the people. Bitcoin has a good reputations for so long time since the starr of this currency, but if government officials will do briberies or whatsoever type of corruptions; we can't prevent that to happen. They can really use it as discreet type of transactions due to anonymousity of the bitcoin transactions.

Rinder

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Quote from: Doms on August 29, 2017, 10:46:42 PM

Quote from: rocketbits on August 29, 2017, 10:34:50 PM

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?

Bitcoin helps enhance corruption in the society since it guarantees anonymity and so every criminal would capitalize on this to wreak havoc in the society and even politicians.

Again, bitcoin is just one of the many instruments used by these criminals to get away with their activities. But the blockchain technology is accessible to anyone so transactions can be tracked and therefore could even help prevent criminal activities. The motives of people who use resources to their advantage is what puts bitcoin in a bad light. But recently, we can see that things are changing because more good news are coming out in favor of bitcoin with less and less negative news each day.

Thats true bitcoin is one of many instruments used from the criminals, but being able to follow the money by adress isnt an easy task since mixer had joined the crytpo, soo they hide pretty well the money. If someone wanna to take advantage they will use for sure a coin like monero thats anonymous without any way to trace it. The problem isnt if is money or crypto the big problem is the size of money that is going on your hands, greedy people always will take advantage no matter being crypto or fiat.

logicgate

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Quote from: Lanatsa on August 30, 2017, 10:45:46 AM

Quote from: bitcub on August 30, 2017, 10:18:07 AM

Lets hope that corrupt government official will not see the potential of Bitcoin to hide their stolen money from the government fund in Bitcoin. I believe some corrupt officials from many countries are hiding their moneys in form of Bitcoin. This is safer than saving their money in Bank.

Your hopes that should be avoided seems they are already aware on bitcoin existence and its capabilities on hiding corrupted money. I do strongly believe that this is already been doing by some officials specially who do have knowledge on bitcoin.It cant really be avoided because anytime soon they will really discover this feature on what bitcoin has.

Haha! Grow up, mates. They are already using them for this purpose. They are always ahead of us in these activities. Bitcoins are used by all people who are having money by unfair means. This is really sad that people never let go any opportunity of misusing things. So shameful of these corrupt culprits!

halych

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Bitcoin can not lead to corruption because it is just a currency with which to give a bribe. To the corruption leads human greed, which is almost every person.

Lanatsa

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Quote from: bitcub on August 30, 2017, 10:18:07 AM

Lets hope that corrupt government official will not see the potential of Bitcoin to hide their stolen money from the government fund in Bitcoin. I believe some corrupt officials from many countries are hiding their moneys in form of Bitcoin. This is safer than saving their money in Bank.

Your hopes that should be avoided seems they are already aware on bitcoin existence and its capabilities on hiding corrupted money. I do strongly believe that this is already been doing by some officials specially who do have knowledge on bitcoin.It cant really be avoided because anytime soon they will really discover this feature on what bitcoin has.

speem28

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Quote from: setupbounds on August 30, 2017, 05:47:06 AM

Quote from: doomloop on August 27, 2017, 09:45:25 PM

Quote from: NY-city on August 27, 2017, 07:41:41 AM

It would be more correct to say that bitcoin does not lead to corruption, but is used in it. The human greed leads to corruption, and the currency is only as a link for the implementation of a corrupt deal.

No doubt corruption has become a very bad disease of our nation. It has spoil the future of the generation and the people who are involved in corruption are very greedy and they sell the rights of the deserving people to the non deserving people and it is being happen since the bitcoin was not invented so we cannot blame the innocent bitcoin for it, if they will not use bitcoin than they will use something else so bitcoin is not the reason or it is not leading towards corruption.

Thank god! Some people have brains and they do use them. Obviously we can’t blame bitcoins for any kind of illegal activity. Corruption is something that has been operating for years rather centuries. No matter what type of currency we invent, evil minds always find ways to misuse them.

It is not that we are blaming bitcoin for the corruption that has been long happening in our world. We are just saying that can bitcoin also be used as a means of corruption. For example, those greedy people that always corrupts other people can use bitcoin to hide their corrupted money, because transactions in bitcoin can't be tracked easily right?

bitcub

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Lets hope that corrupt government official will not see the potential of Bitcoin to hide their stolen money from the government fund in Bitcoin. I believe some corrupt officials from many countries are hiding their moneys in form of Bitcoin. This is safer than saving their money in Bank.

Wingo

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Yes it would, definitely. Greed is everywhere, we cannot control it. Bitcoin is a money, a source of power. Anonymity can also lead to corruption especially in illegal transactions. But bitcoin is not made for this thing, we should be responsible for our actions and don't let greed eat us completely.

Eugenar

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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?

Corruption is expected as long as money is involved. Ofcourse Bitcoin may lead to corruption such as insider trading and the likes. There are already crimes happened in the internet and no one bats an eye. There are illegal transactions and are part of the positive and negative side of technology which is more on virtual.

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