Can Bitcoin also lead to corruption ? - page 67.

ipanks

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Quote from: Pattart on July 27, 2017, 09:16:46 PM

Quote from: malikusama on July 25, 2017, 12:27:39 AM

Yes it can, because all the transactions of bitcoin are anonymous and the corrupt people needs such type of platform to save their black money and to transfer them anywhere without taxes and without government consideration. Everything can be use either in positive of negative way, this is the negative use of bitcoin to do corruption.

I think there's no need to cover up on this, bitcoin is famous all over the world and bitcoin is well known on the black market that bitcoin is a good currency for illegal activities and without you knowing already many people are using bitcoin for illegal transactions, it might also be corruption

i don't know how famous bitcoin in darkweb but i am sure in that place, people is buying and selling bitcoin too and maybe they used bitcoin for illegal activities but i think we don't know for what is exactly the transaction. but i guess in any of transaction, in darkweb or in here, there is any illegal activities which is using bitcoin as the payment but still we don't know which is the transaction.

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Quote from: Pattart on July 27, 2017, 09:16:46 PM

Quote from: malikusama on July 25, 2017, 12:27:39 AM

Yes it can, because all the transactions of bitcoin are anonymous and the corrupt people needs such type of platform to save their black money and to transfer them anywhere without taxes and without government consideration. Everything can be use either in positive of negative way, this is the negative use of bitcoin to do corruption.

I think there's no need to cover up on this, bitcoin is famous all over the world and bitcoin is well known on the black market that bitcoin is a good currency for illegal activities and without you knowing already many people are using bitcoin for illegal transactions, it might also be corruption

Maybe before bitcoin is widely known for illegal activities but now that legitimate companies are already accepting bitcoin, I think that would change the way people view bitcoin. We cannot deny that bitcoin can also be used for illegal transactions but it's the job of the authorities to stop those who are doing illegal activities. More progress will come and the good ones will remain in the minds of the people.

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Quote from: malikusama on July 25, 2017, 12:27:39 AM

Yes it can, because all the transactions of bitcoin are anonymous and the corrupt people needs such type of platform to save their black money and to transfer them anywhere without taxes and without government consideration. Everything can be use either in positive of negative way, this is the negative use of bitcoin to do corruption.

I think there's no need to cover up on this, bitcoin is famous all over the world and bitcoin is well known on the black market that bitcoin is a good currency for illegal activities and without you knowing already many people are using bitcoin for illegal transactions, it might also be corruption

goldcoinminer

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Quote from: kupido14 on July 27, 2017, 08:37:12 AM

Quote from: gentlemand on April 11, 2017, 01:08:07 PM

Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula.

As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.

Definitely true, just like today, bitcoin is not yet discovered by most of the leaders , I think there will be a big possibility that they might do a way to manipulate bitcoin but I hope Satoshi will make early plan for that.

LOL, are you kidding me, satoshi has nothing to do with what will happen to the market anymore as
it is just a game of supply and demand and at the end of the day the whales will be the winner. Let's just hope more people
will adopt so manipulation will be lessen because it's impossible to be eliminated.

tamarindbleu

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We all know that too much want of money is considered as greedy and greed leads to corruption it is because those people wasn't contented on what they have so they used to be one of the corrupt people present in the society especially in the government.I believe that Bitcoin has nothing to do with the corruption,but maybe yes it can because all the transactions of bitcoin are anonymous and the corrupt people needs such type of platform to save their black money and to transfer them anywhere without taxes and without government consideration. Everything can be use either in positive of negative way, this is the negative use of bitcoin to do corruption.. This is most of the time described as an issue by users who has the willingness to invest but fear and stay away because of the decentralized system paving path for such activities.

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Quote from: Finestream on July 27, 2017, 07:03:41 AM

Quote from: Bitcoin_Delivery on July 27, 2017, 05:51:02 AM

Now it's a hot issue about BTC e that has been shut down because its admission has been involved in a money laundering. Other than that there are also said that carrying a run of more than 6k bitcoin

Bitcoin was not involve in money laundering because it's just a currency or a payment system that cannot move with the users decision.
Just to make it clear here, it is the users who are liable for doing illegal activities such as money laundering, but, it's not as big as the amount of money being laundered using legal currency such as dollar.

We can't deny completely that money laundering is not taking place through bitcoin. In specific as the above mate described the amount of money being laundered through bitcoin is quiet low compared to the legal currencies thats been used around the world. This is most of the time described as an issue by users who has the willingness to invest but fear and stay away because of the decentralized system paving path for such activities.

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Quote from: gentlemand on April 11, 2017, 01:08:07 PM

Corruption is to Bitcoin like air is to a bird. It's the natural environment. Greed, lack of regulation, possible anonymity, irreversible transactions. It's a perfect formula.

As an actual ledger it can't be corrupted and that may well help reduce overall corruption elsewhere. Many things surrounding it carry a fairly nasty smell.

Definitely true, just like today, bitcoin is not yet discovered by most of the leaders , I think there will be a big possibility that they might do a way to manipulate bitcoin but I hope Satoshi will make early plan for that.

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Quote from: Bitcoin_Delivery on July 27, 2017, 05:51:02 AM

Now it's a hot issue about BTC e that has been shut down because its admission has been involved in a money laundering. Other than that there are also said that carrying a run of more than 6k bitcoin

Bitcoin was not involve in money laundering because it's just a currency or a payment system that cannot move with the users decision.
Just to make it clear here, it is the users who are liable for doing illegal activities such as money laundering, but, it's not as big as the amount of money being laundered using legal currency such as dollar.

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Now it's a hot issue about BTC e that has been shut down because its admission has been involved in a money laundering. Other than that there are also said that carrying a run of more than 6k bitcoin

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Quote from: Bitmedrano040117 on July 27, 2017, 04:12:22 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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 can't lead into corruption but it can be use by the individuals to do corruption. especially if some of the users of bitcoin are corrupter that's bad anyway if they abuse the usages of bitcoin.

Yes people can make bitcoin as a intrument for corruption because of its anonymity feauture so it easy for them to make transaction because everthing is done online.

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Quote from: speem28 on April 11, 2017, 01:02:34 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 can't lead into corruption but it can be use by the individuals to do corruption. especially if some of the users of bitcoin are corrupter that's bad anyway if they abuse the usages of bitcoin.

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Quote from: speem28 on April 11, 2017, 01:02:34 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 has nothing to do with corruption rate.Already,corruption is done by using the existing currencies.It is already happening even before bitcoin was created.It would also exist even if bitcoin dies.But the corrupted people may find it easy to handle corrupted money in bitcoins instead of paper currency.

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Yes it can, because all the transactions of bitcoin are anonymous and the corrupt people needs such type of platform to save their black money and to transfer them anywhere without taxes and without government consideration. Everything can be use either in positive of negative way, this is the negative use of bitcoin to do corruption.

mharz

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Bitcoin were lead corruption if there's a government involve, but for now I was fully trust that there's no anomalies happen in bitcoin. Moreover bitcoin exchanged in market now was good and fair so we have no worries about our investment.

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Quote from: stompix on July 22, 2017, 09:15:49 AM

Quote from: qwertyup23 on July 22, 2017, 05:51:25 AM

Quote from: Bowly88 on July 21, 2017, 11:59:42 PM

Quote from: speem28 on April 11, 2017, 01:02:34 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?

As what you say corruption is everywhere it is driven by greed. But luckily bitcoin is decentralized which means no banks are involved, banks are also corrupt for my opinion. I don't think that corruption is involved yet to bitcoins or any other coins, maybe the maker or something. But lets hope corruption will not occur in this industry.

I agree, due to bitcoin being decentralized, the government has no means of intervening the market thus, lowering the potential chance of corruption. But since the price of bitcoins are highly volatile, corruption is still inevitable. Not to mention, due to the identities of people being unknown when transacting, this can also lead to illegal trading and transactions (i.e. money laundering, providing funds to criminal activities, etc.).

You're funny. Really.
How does a decentralized currency lower corruption?

Will officials stop taking bribes cause of it? Will they stop awarding fake contracts, hiring their relatives and so on?

Bitcoin will do nothing against corruption.
It actually may encourage since as I would do, officials will have a qr code on their desk and when you come in they point at the code with a wink.
How are the police going to prove the official took the bribe and that he is in control of the bitcoins received?

I agree with you. Bitcoins are just a digital currency. Its misuse depends on the users. We are responsible for using it in evil deed than bitcoin itself. Bitcoin does offer liberty of using one’s money but violation of that liberty is not the fault of bitcoins. The problem is absolutely on the part of users. If someone is taking bribe in paper money, he/she can take in bitcoins as well.

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Quote from: lkjhg on July 24, 2017, 02:04:18 PM

Quote from: grermezter on July 24, 2017, 10:13:32 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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 you say corruption is indeed everywhere and with bitcoins, these corrupt persons have the ideal way to steal, loot and plunder without being caught at all, Once physical cash is used to purchase bitcoins, there will no paper trails to follow especially if the person covers his or her tracks very well.Money whether physical or virtual can lead to corruption.

Only the awareness of the bottom of the heart that can prevent corruption, corruption is really rampant, they do it as if never guilty, I really hate the corruptors, if they can be killed, I will definitely kill him

yes i gree because these said corruptors is like a robbery.or a thief they get the money from the tax of the people then put it in thier own pocket.so instead of spreading some of the benefits in a country.there are nothing left in the taxes box to use for .it can be a verry worst government if the be holder of the possition is a corruptors.

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Quote from: grermezter on July 24, 2017, 10:13:32 AM

Quote from: speem28 on April 11, 2017, 01:02:34 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 you say corruption is indeed everywhere and with bitcoins, these corrupt persons have the ideal way to steal, loot and plunder without being caught at all, Once physical cash is used to purchase bitcoins, there will no paper trails to follow especially if the person covers his or her tracks very well.Money whether physical or virtual can lead to corruption.

Only the awareness of the bottom of the heart that can prevent corruption, corruption is really rampant, they do it as if never guilty, I really hate the corruptors, if they can be killed, I will definitely kill him

grermezter

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Quote from: speem28 on April 11, 2017, 01:02:34 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 you say corruption is indeed everywhere and with bitcoins, these corrupt persons have the ideal way to steal, loot and plunder without being caught at all, Once physical cash is used to purchase bitcoins, there will no paper trails to follow especially if the person covers his or her tracks very well.Money whether physical or virtual can lead to corruption.

Finestream

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Quote from: GuppyMan on July 24, 2017, 07:33:38 AM

Bitcoin is exactly the same currency as all the others only exist in electronic form and anonymity will be more convenient for the development of corruption. Everything that is of value can be used for corruption.

That's true, bitcoin is a special kind of currency because it's decentralized the value is growing especially now that it's very popular.
Anyone who believe in the potential of bitcoin will always accept it as a payment regardless of the purpose and since it has value it can be used in any transaction online, sadly it's not exemption for being use in illegal activities.

HasHe

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Quote from: speem28 on April 11, 2017, 01:02:34 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 normal money,bitcoin could also be used to provide money to corrupted people.No need to carry money,no need for bank transactions,no fear about transactions being traced while using bitcoins for corruption.But bitcoin could not be blamed for corruption.Its totally dependent upon the person whether he uses bitcoin for productive purpose or for corruption.

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