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Topic: Can Bitcoin also lead to corruption ? - page 57. (Read 51285 times)

sr. member
Activity: 700
Merit: 277
August 30, 2017, 07:52:36 AM
of course, this is a matter of concern to many parties including the government, saving money from corruption to bitcoin will never be traced to make it difficult for the government to legalize bitcoin because.
sr. member
Activity: 434
Merit: 252
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.
hero member
Activity: 910
Merit: 509
August 30, 2017, 05:47:06 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.
sr. member
Activity: 756
Merit: 252
August 29, 2017, 11:02:44 PM
as far as now,i think blockchain can not change our humanity and our social system
Bitcoin cannot change us, if we want to change we need to do it ourselves but since corruption happens in all the countries of the world then it seems that bitcoin is going to be used for that purpose.
Yes,  Bitcoins are just currency meant to serve us in a better way than conventional ones. It can’t affect our morals in anyway.
If we want to get rid of corruption, we need to change our mindsets, educate people about right and wrong, about the disadvantages of corruption etc. Without this, corruption can’t be ended.
I do not think we can get rid of corruption that is part of being a human some people lose the fight between good and evil regardless of how good their education was.
hero member
Activity: 714
Merit: 500
August 29, 2017, 10:46:42 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.
full member
Activity: 532
Merit: 101
August 29, 2017, 10:34:50 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.
hero member
Activity: 910
Merit: 502
August 29, 2017, 03:07:33 PM
as far as now,i think blockchain can not change our humanity and our social system
Bitcoin cannot change us, if we want to change we need to do it ourselves but since corruption happens in all the countries of the world then it seems that bitcoin is going to be used for that purpose.
Yes,  Bitcoins are just currency meant to serve us in a better way than conventional ones. It can’t affect our morals in anyway.
If we want to get rid of corruption, we need to change our mindsets, educate people about right and wrong, about the disadvantages of corruption etc. Without this, corruption can’t be ended.
hero member
Activity: 896
Merit: 514
August 28, 2017, 12:09:06 PM
It depends on the person who use a bitcoin, but i don't think so that people can corrupt through bitcoin, i mean how people do that? Bitcoin is not in there hand, it is in the wallet so i think it is hard to corrupt their bitcoin.
yes you are right bitcoin is being use by thousands of the people now and they are using bitcoin for different purposes not only for trading and investing so anything can happen in it. Corruption is a big problem today in a lot of countries and they are trying to overtake this issue and one more thing bitcoin is a secure but a private currency anything can happen through it and we cannot blame the innocent bitcoin for this evil.
Thank god, at least you understand that bitcoins can’t be blamed for any type of corruption done with it. Bitcoins are just currency, the corruption is not done by bitcoins on their own, we bloody humans misuse them like we are doing with paper money. Bitcoins are blessing and should be treated like a blessing.
hero member
Activity: 2408
Merit: 584
August 27, 2017, 09:45:25 PM
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.
full member
Activity: 448
Merit: 100
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.
sr. member
Activity: 756
Merit: 252
August 26, 2017, 11:01:16 PM
as far as now,i think blockchain can not change our humanity and our social system
Bitcoin cannot change us, if we want to change we need to do it ourselves but since corruption happens in all the countries of the world then it seems that bitcoin is going to be used for that purpose.
hero member
Activity: 1008
Merit: 501
August 26, 2017, 06:19:37 PM
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.

Exactly once, it's all back to the user again, if used for good then it will be good, but when used for bad things it will also be able to ruin it all this tergantuing from the purpose of bitcoin users themselves
Obviously! The objects themselves are never bad. We can never curse any creation for harming mankind for instance with a knife you cut fruits and murder someone as well, so the problem is not with knife rather with the user. Same is the case with bitcoins. Before their creation, corruption was still there.
You are right. Problem is with us and our minds. When it was created even then people used to involve themselves in corruption. And that example of knife was best. It is absolutely made for betterment of mankind but even then there are people are there who can make bad use of it. So I think we should be positive by ourselves.
A good analogy. because the bad is not on bitcoin but on the user, because bitcoin can not choose which users are allowed to use, because decentralized bitcoin so anyone can use bitcoin and anyone else is free to do anything with bitcoin. so I think it is not wrong bitcoin if bitcoin leads corruption
hero member
Activity: 672
Merit: 500
August 26, 2017, 06:11:22 PM
Money itself is not the roots of corruption neither can bitcoin leads to corruption. The roots of corruption is greedy and selfishness. Many people who are born into influence and wealthy family are corrupt because corruption has it roots in greedy
I respect your thoughts and also agree with those. There are two phases of everything existing in this world. A good one and a bad one. It depends on us that which phase we choose. If we choose to go towards good phase then there will be no corruption. But if the same thing is used by a person with ugly mind and ugly ideas in his mind then anything can be used as a medium foe corruption.
hero member
Activity: 910
Merit: 512
August 26, 2017, 04:37:29 PM
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.

Exactly once, it's all back to the user again, if used for good then it will be good, but when used for bad things it will also be able to ruin it all this tergantuing from the purpose of bitcoin users themselves
Obviously! The objects themselves are never bad. We can never curse any creation for harming mankind for instance with a knife you cut fruits and murder someone as well, so the problem is not with knife rather with the user. Same is the case with bitcoins. Before their creation, corruption was still there.
You are right. Problem is with us and our minds. When it was created even then people used to involve themselves in corruption. And that example of knife was best. It is absolutely made for betterment of mankind but even then there are people are there who can make bad use of it. So I think we should be positive by ourselves.
full member
Activity: 980
Merit: 114
August 26, 2017, 09:58:58 AM
Money itself is not the roots of corruption neither can bitcoin leads to corruption. The roots of corruption is greedy and selfishness. Many people who are born into influence and wealthy family are corrupt because corruption has it roots in greedy
hero member
Activity: 866
Merit: 1001
August 26, 2017, 09:53:03 AM
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 existing from the beginning.Bitcoin has nothing to do with its progress.Even if the corrupted people wants them to be funded with bitcoin,it would not be useful for them since bitcoin is pseudo anonymous and it could be easily traced.Bitcoin is free to use for any one either for good or for bad.It depends upon how people use it and bitcoin could not be blamed for it.
full member
Activity: 560
Merit: 121
August 26, 2017, 06:17:55 AM
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.
hero member
Activity: 756
Merit: 500
August 26, 2017, 03:51:45 AM
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 it's more difficult to corrupt if the money is in the form of Bitcoin, because the bitcoin transaction is transparent and can be seen by the public. So we can know to which address the money is sent. If we are still using paper money then we will be more difficult to trace the transaction. Because most of transactions using fiat are not recorded.
Yes, if it's in the form of bitcoin it will be hard to corrupt but if they convert their laundered or corrupted fiat money into bitcoin so that they can hide it because we all know that bitcoin transaction is hard to trace, so bitcoin can be used as a way to corruption. In terms of fiat money, I guess you are talking about small transactions or transactions that involves small money that is why you can say that it is not being recorded.
It is not only the case with bitcoins rather people have many ways of hiding their corruption. For instance many rich people had been declared as the owners of offshore companies in PANAMA LEAKS. Money laundering and keeping money in SWISS banks is also another example of hiding your corruption.
sr. member
Activity: 507
Merit: 250
Adoption Blockchain e-Commerce to World
August 25, 2017, 11:50:42 PM
Yes true, when corruptors know that saving money to bitcoin can not be traced, it will be a lot of corruptors who do it. This is what the state must immediately do is make a special regulation about bitcoin so it is not used as money laundering the corrupt.
full member
Activity: 238
Merit: 100
August 25, 2017, 06:48:23 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 mainly a result of being greedy for too much power or money which is like an obsession for more wants rather than needs.  This scenario is mostly or usually happening within the society especially to the government. I think with bitcoin's decentralization that makes it apart from the government, corruption might be abducted. But within bitcoin users I think it can also happen through spammers and hackers that stole earnings and assets just to satisfy their own cravings for money. Too much usage can really lead to bad effect.
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