Topic: Can Bitcoin also lead to corruption ? - page 70. (Read 51285 times)
Greediness and selfishness is the root of corruption! Money is not the cost of corruption but many though it is.corruption is a state of mind and not a materials thing. Bitcoin cannot stop corruption as bitcoin is not a state of mind but a cryptocurrency.
Everything, including bitcoin, that is mistreated can lead to corruption. The latter can be used in many other different ways; drugs, weapons, and so on.
If someone has wicked intentions, he will use it for wicked ones. If he has good intentions, he will use it for good ones. And that's the cycle of life. I think that bitcoin should be used to end poverty.
I do agree with you. If something has value, one day, it will be crash. Therefore, you should split your money and your property into many assets so that you can save your money from the crash and rebuild from the amount which you save. If the segwit2x does not succeed, the high possibility that bitcoin will be dumped and the price will be extremely terrilbe If someone has wicked intentions, he will use it for wicked ones. If he has good intentions, he will use it for good ones. And that's the cycle of life. I think that bitcoin should be used to end poverty.
It does make it easier. It's a great way to hide assets and move them in secret. Wasn't it why the Chinese multi-billionaires got into it years ago?
The bitcoin is untraceable currency so there is more chances are there that Bitcoin will be used for illegal activities like corruption, drug dealing, funding to terrorism like these many ways we can use Bitcoin. But it depends on person nature. See I will use it for good purpose but others feeling is not same like me right.
Everything, including bitcoin, that is mistreated can lead to corruption. The latter can be used in many other different ways; drugs, weapons, and so on.
If someone has wicked intentions, he will use it for wicked ones. If he has good intentions, he will use it for good ones. And that's the cycle of life. I think that bitcoin should be used to end poverty.
If someone has wicked intentions, he will use it for wicked ones. If he has good intentions, he will use it for good ones. And that's the cycle of life. I think that bitcoin should be used to end poverty.
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 as we all know it is very open to anyone, which can be use gor legal and illegal matters.Moreover, there are people out there who are greed were they abused bitcoin for bad purposes such as money laudering, and corruption. Let us not abuse bitcoin for any such a bad things reason.
I know there are illegal activities where it is possible using our bitcoin but we should be a responsible user.
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 as we all know it is very open to anyone, which can be use gor legal and illegal matters.Moreover, there are people out there who are greed were they abused bitcoin for bad purposes such as money laudering, and corruption. Let us not abuse bitcoin for any such a bad things reason.
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 for sure it is as government will dazzled of how much bitcoin worth and how much bitcoin could give them what they want. Even now government is already corrupt what more if the official currency is bitcoin.
Of course, even foods are being used for corruption how much more is cryptocurrency that almost leaves no trail if you are careful. It is more safe and easily transferrable. It leaves no real mark unless you encash it and it can be programmed to run itself even without physical commands or interaction.
Yes for sure it is as government will dazzled of how much bitcoin worth and how much bitcoin could give them what they want. Even now government is already corrupt what more if the official currency is bitcoin.
Corrupt Governments Tend to Declare Bitcoin Illegal: Analysis
posted: 7/17/2017
https://cointelegraph.com/news/corrupt-governments-tend-to-declare-bitcoin-illegal-analysis
It would make sense that governments with increased corruption would be interested in increased bitcoin control.
posted: 7/17/2017
https://cointelegraph.com/news/corrupt-governments-tend-to-declare-bitcoin-illegal-analysis
It would make sense that governments with increased corruption would be interested in increased bitcoin control.
For sure yes. You have given yourself the answer. Bitcoin can lead to corruption even more than the other currencies because of its characteristics. The other currencies are much more controllable than bitcoin. So the corrupted people will love to be paid with bitcoin.
Corruption is a mental illness, difficult to cure. Indeed bitcoin may be used for corruption or money launderers. In fact many things can be a place for corruption, not just bitcoins, gold, stocks, property can be a tool for corruption
Noo bitcoin is currency where you can only use to internet but if government used this bitcoin currency for them to stock their money maybe? Than using their own bank account where they can hide those billions transaction that they corrupt from people, It depends if they will used bitcoin or not its their choice not us
Why? I do not know why people here are expecting for a huge corruption which is caused by bitcoin. Bitcoin is not made for this purpose and it was made in order to make the world better. Therefore, stop making joke about bitcoin, please
I agree with you that bitcoin is an innovation built with good systems and security, and certainly has a vision and mission that benefits its users in various countries,and about corruption will have no relevance to bitcoin because corruption is a crime that will hurt many people, while Bitcoin is a digital object that has a function equivalent to real money.
Why? I do not know why people here are expecting for a huge corruption which is caused by bitcoin. Bitcoin is not made for this purpose and it was made in order to make the world better. Therefore, stop making joke about bitcoin, please
I think personally the blockchain can help eradicate corruption as it is a public ledger. I am hopeful that blockchain technology will be implemented in many governments around the world to get rid of corruption which is thew biggest problem plaguing our planet now financially.
How can blockchain eradicate corruption in bitcoin? Yes, blockchain is an open ledger that stores the records of each transaction permanently, but I thought that the identity of those who made that transactions are anonymous? and only their address and time of the transaction are recorded?
It is very easy to create and hide the proceeds of crime with bitcoin, indeed this issue is enough to make bitcoin banned in some countries. Many thought bitcoin to be a good place for corruption, embezzlement and money laundering. It could happen, depending on how the policy will be taken by the government
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, anything which matters as money can lead to corruption for sure. But for that bitcoin cannot be blamed. Corruption can happen with any currency, be it flat or digital. Though governments and politicians would like to associate bitcoin with easy corruption citing annominity, the best part in bitcoin is, it is not truly anonymous unlike flat currencies.
It's possible, we've heard of the use of bitcoin for the sale and purchase of drugs. For corruption is very possible to use bitcoin, we can hide the results of corruption in the form of bitcoin and save it, but it all depends on moral, moral issues, not about bitcoin
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