Topic: Can Bitcoin also lead to corruption ? - page 68. (Read 51285 times)
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.
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?
A big NO .Perhaps it also money but exist in internet once they legalize the use of it they can put taxes .Bitcoins can end up corruption it owned by individual and can buy things in the future online by using it . 
Through anything anyone can corrupt, but in bitcoin will be quite difficult to do corruption, because transactions and history that we do all recorded, may make corruption becomes difficult
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?
You answered your own question, there is corruption everywhere. Bitcoin is just a tool that could be used for corrupt practices by corrupt individual. The same individuals could also use FIAT to carry out their schemes. Bitcoin cannot lead to corrupt practices.
Yes it can also lead to corruption, there is no doubt on bitcoin that can cause corruption. But right now i'm thinking how it will be executed? How will corruption emerge from bitcoin?. Maybe if government will regulate bitcoin , i think the corruption will start from here, as we know bitcoin hold a large amount of value, just like money that lead to corruption as bitcoin as a crypto-money, there is no doubt that from there reason, corruption will emerge because of bitcoin and government regulation.
actually no. think a bitcoin is a type of money . and bitcoin is a money that you can hide. so they are just using bitcoin to hide money but you can use it and a different ways lets say bitcoin is more complex than paper money. . . and money its not corrupt bitcoin its the same. government. power. sovereignty .people its not corrupt its the people sit down in high position its corrupt. sorry for the grammar.
That's the point? You can hide your money in bitcoin, this could be called money laundering, maybe there will be many corruptors who will wash their money in bitcoin so there is no evidence that they are corrupt and certainly in bitcoin will be very safe because it is anonymous and decentralized 
it is totally dependent on the user of Bitcoin. a currency can be used at everywhere. it can not use along, it is used by some body. so there is a way to use in any illegal process. if someone wants to pay any illegal payment through Bitcoin then how can you prevent it from doing that work. there is no preventive measure to keep it clean from any illegal activities.
yes that is right i think different people have different strategies, may be there are some people who have some illegal activities and therefore they may be using gambling for illegal purposes, but i think still the majority of people are using bitcoin for legal activities. just like other currencies as majority of people are using it legally but some people may also be using it for illegal purposes. Bitcoin is rarely used by criminals, that is proven by some European these month. So, I think bitcoin is not used that much on corruption, money laundering and other stuff pertaining to crime and corruption. Also, it depends upon you because it is also connected on how will you define corruption.
it is totally dependent on the user of Bitcoin. a currency can be used at everywhere. it can not use along, it is used by some body. so there is a way to use in any illegal process. if someone wants to pay any illegal payment through Bitcoin then how can you prevent it from doing that work. there is no preventive measure to keep it clean from any illegal activities.
yes that is right i think different people have different strategies, may be there are some people who have some illegal activities and therefore they may be using gambling for illegal purposes, but i think still the majority of people are using bitcoin for legal activities. just like other currencies as majority of people are using it legally but some people may also be using it for illegal purposes. actually no. think a bitcoin is a type of money . and bitcoin is a money that you can hide. so they are just using bitcoin to hide money but you can use it and a different ways lets say bitcoin is more complex than paper money. . . and money its not corrupt bitcoin its the same. government. power. sovereignty .people its not corrupt its the people sit down in high position its corrupt. sorry for the grammar.
Fiat may not just been hidden in crypto-currency, but it may also been transferred in it as a bribe. Add to that there is such coins which road and holders can't be disclosed. That makes Bitcoin and digital currencies in general very attracted for corrupted individuals. 
it is totally dependent on the user of Bitcoin. a currency can be used at everywhere. it can not use along, it is used by some body. so there is a way to use in any illegal process. if someone wants to pay any illegal payment through Bitcoin then how can you prevent it from doing that work. there is no preventive measure to keep it clean from any illegal activities.
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?
If the government control the bitcoin, there are many possibilities that the bitcoin lead to corruption but the government cannot control the bitcoin so there is no corruption that will happen. I agree with that, it is possible that bitcoin can also lead to corruption, just like the other regular currencies, if ever the government decided to recognize and used it also. Even if the use of bitcoin is anonymous, it is not impossible for those greedy people to make it happen. I also believe that their greediness will pushed and drove them to find a way.
We know how powerful bitcoin is, the usage of it, even if it is still limited, has led many people to gain more than they can on depending at regular currencies. The investment in bitcoin and other tokens in the crypto world had led many people to have what they always wanted and to fulfill their dreams.
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?
If the government control the bitcoin, there are many possibilities that the bitcoin lead to corruption but the government cannot control the bitcoin so there is no corruption that will happen. 
If people intend to do so, of course it can lead to corruption. One of the hallmarks of bitcoin, it is very difficult to trace the transactions. This makes a lot of people think to launder the money from bitcoin for the transaction is not traced.
Yes, bitcoin can be used in any illegal operations. But this does not make bitcoin bad. Dollars are also used for terrorism and corruption. Bitcoin is just a tool that everyone uses in their own way.
Bitcoin will have a bad image if its misuse just like fiat when you use it to illegal.
As bitcoin is anonymous and decentralized and yeah it can really be use in illegal as no one can trace it. Bitcoin shouldnt be abuse but no one can stop this. Lets just mind all our business.
One thing also if bitcoin will be centralized its not far to use this for corruption as many of our government officials have masters the corruption thing.
Well this question has its answer already, bitcoin is money, soo the difference is digital money, how many scams had happened on the last 7 years with a lot different projects supporting bitcoin and crypto? I dont see why would bitcoin be able to stop corruption, is the same question about the use of bitcoin, some says its connected to dark marketplace, but each user is able to choose where to spend its coins the same happens with fiat for a long period.
If people intend to do so, of course it can lead to corruption. One of the hallmarks of bitcoin, it is very difficult to trace the transactions. This makes a lot of people think to launder the money from bitcoin for the transaction is not traced.
Yes, bitcoin can be used in any illegal operations. But this does not make bitcoin bad. Dollars are also used for terrorism and corruption. Bitcoin is just a tool that everyone uses in their own way.
If people intend to do so, of course it can lead to corruption. One of the hallmarks of bitcoin, it is very difficult to trace the transactions. This makes a lot of people think to launder the money from bitcoin for the transaction is not traced.
I think so. Well, there are several ways to make your bitcoin transaction undetectable, and I think it can be used for corruption. Well, basically bitcoin is also commonly used for illegal transactions, so of course it can be used for corruption purposes.
Yes, in that case bitcoins are not to be blamed. The anonymity is a great feature though. If we talk about corruption, currently there are numerous instances where corruption on large scale is done via fiat currency. We can’t blame the means of corruption. Evil minds are responsible for corruption. Black money is the paper money that is illegally used. So there are multiple other ways of committing corruption with fiat currency.
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. The anonymous nature of bitcoin will facilitate the pattern of corruption, from here we understand that bitcoin can lead, but it will not apply to government officials and taxpayers because the government will definitely tighten the bitcoin regulations in the future, no matter how much money they launder will still exist one issue where large nominals are always the target of hackers and will not make corruption convenient in bitcoin.
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 think bitcoin can be used as the instrument for corruption. Today bitcoin stays not so known and not so many people knoe about it. But in nearly future when bitcoin will be spreaded on our daily life and more people will talk about it politicians or businessmen can start to use bitcoin for their financial operations. The main factor here is that with bitcoin you can hide your indentity and such corruption money making can have place to be very often.
As we all know bitcoin is a crpto-currency which is quite aligned to the development of technology and the developers of bitcoin develops bitcoin in a more secure and the transactions are private. So it can be a tool or bitcoin can serve as a mode of corruption by others. But it might be complicated because if you will used bitcoin in a form of transaction you may think that it is just more on an investing field and trading rather than in corruption. Jump to: