Yes, bitcoin can lead people who corrupt to hide his money in bitcoin or cryptocurrency, its some bad news from bitcoin.
They cannot hide, because you cannot own a big volume of bitcoins without buying it, that transaction alone has already a trail for audit of your transaction and FYI most exchanges are legitimate and they have to register their business and wait for the approval of the government before they can operate. With that, they are govern by the government and if you are in the watch list you can surely be trace with all your transactions. 
Topic: Can Bitcoin also lead to corruption ? - page 71. (Read 51258 times)
Yes, bitcoin can lead people who corrupt to hide his money in bitcoin or cryptocurrency, its some bad news from 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?
I'm not sure about that, bitcoin has a big book that records all the bitcoin transactions so evidence for acts of corruption is very obvious, entering the network of suspected corrupt people whether he ever accesses about bitcoin and uses it. 
i wonder why bitcoin always be linked with things that are not good such as corruption, money laundering or drugs but in this case in my point of view bitcoin cannot lead people to corruption because it all pure from the bottom of their heart to starting corruption but indeed bitcoin could be the tool to storing corruption money
It could happen because corrupt people are always looking for ways to hide money from corruption so it's hard to know then with bitcoin people who are corrupt will very easily save their money to be bitcoin as an investment.
Of course it can lead to corruption as its an decentralized currency and no one can have control on it so no one would know who is transacting and in that case it can be used for corrupted activities.
Yes i think so it may lead to that if big holders will manipulate and control bitcoins price in the market,also if the network itself face some errors or intentionally dhut down the system and collect all bitcoins of all users.If government regulated bitcoins may be an issue to
The phrase to root out corruption involuntarily makes me laugh. You just can not imagine that those corrupt officials who do not give the state to develop. They want to know about the advantages of Bitcoin, then everyone would invest their own money in the crypto currency. You understand that Bitcoin is able to hide all the money obtained illegally And even more so to avoid paying taxes. Many officials dream of clearing their income declaration and hiding their money.
Bitcoin isnt different from fiat, if the person does wanna to steal money, there are a lot pyramids using bitcoin soo this is already happening for a while, besides those lets take a look at the shitty Ico that always come and steal your money, and the developers just dump their coins and left.
Bitcoin doesn't lead to growth. It's purely comes from the person morality. Whether people corrupt or not isn't caused by bitcoin. Bitcoin is just another medium to move the stolen money. If the person himself involves in corruption, he will keep doing that whether bitcoin exist or not.
Bitcoin can cause corruption, why am I surprised with this that can lead to money laundering but this is in my opinion bitcoin bitcoin will not cause corruption.
No matter how much corruption invests, if the government begins to take action by freezing bitcoin exchanger in that country and intimidating transaction access to the suspect's bank account. I think it's a pretty serious technical problem. We can see from what the China government did in the past.
You have a point there. Investors who have invested such big amount of money will somehow corrupt but it is a case by case basis. Bitcoin is a discrete transaction as of now because other people are hesitant to believe because of this situation that perhaps it may lead to corruption. At first glance, it is catchy to those who are interested to grow in changing their dreams to reality. Technically, everything will depend on something.thinhs may happen if it will going to happen. It will be just a matter of decision msking on how they wanted to threat situations but btc were really prone in corrupption in any ways.
No matter how much corruption invests, if the government begins to take action by freezing bitcoin exchanger in that country and intimidating transaction access to the suspect's bank account. I think it's a pretty serious technical problem. We can see from what the China government did in the past.
You have a point there. Investors who have invested such big amount of money will somehow corrupt but it is a case by case basis. Bitcoin is a discrete transaction as of now because other people are hesitant to believe because of this situation that perhaps it may lead to corruption. At first glance, it is catchy to those who are interested to grow in changing their dreams to reality. Technically, everything will depend on something.
Yes i does,bitcoins can lead the world into corruption if those big bitcoin holders exchange and all huge investors will have a great desire of money and will use bitcoin to get it all,like what other said bitcoins is a money a currency which is the always cause of why we have this corruption all about money
It seems that it will be very difficult to do, because the bitcoin system is very tight and tidy difficult to penetrate, if it can be corrupted may have long been heard the news a lot of bitcoin user funds are reduced, the fact that until now if the bitcoin there is corruption
YOu need to know that everything can be used for a bad purpose and because of that fact, the corruption can happen in the future when there are many people using bitcoin. And of course, we have to prepare for this sutuation so that we know what to do
It seems that it will be very difficult to do, because the bitcoin system is very tight and tidy difficult to penetrate, if it can be corrupted may have long been heard the news a lot of bitcoin user funds are reduced, the fact that until now if the bitcoin there is corruption
This is the thing that has to be resolved, I am pleased not so anonymous bitcoin can be accountable to the Government, it's time to wallet provider requesting the original user identity verification so that bitcoin is not used for illegal transaction.
You can not remove anonymous from bitcoin because that is the true nature of bitcoin. I think that's what makes special bitcoin from other currencies because bitcoin is differentThis is the thing that has to be resolved, I am pleased not so anonymous bitcoin can be accountable to the Government, it's time to wallet provider requesting the original user identity verification so that bitcoin is not used for illegal transaction.
Yeah one way to make bitcoin become legal and accepted by government. Is to make the user controllable and visible. But will it violate the original properties of bitcoin? How do you think?
Corruption has always existed in the entire history. I doubt bitcoin will increase this somehow. It could maybe because of how easy and anonymous it is, but anything significant is unrealistic. People who does corruption, may prefer using bitcoin to stay anonymous, but still I don't think the amount of corruption will increase anyhow.
People getting blinded by bitcoin feature and often repeat that bitcoin is an absolute anonymous currency whereas it's definitely wrong. Bitcoin itself is more transparent than any currency ever existed. Everything can be traced, transaction history always saved up in the blockchain and can be accessed by anyone. I'm wondering whether those people who said that Bitcoin could lead to more corruption ever have time to read or barely have the competence to read the Wikipedia. But, the obvious thing here, they know nothingThis is obviously not so for a host of reasons
While on-chain Bitcoin transactions are certainly far from being truly anonymous (Bitcoin is rightfully considered as a pseudo-anonymous currency), these are definitely not the only possibility of transferring value with Bitcoin. For example, transactions within the same web wallet are made in-house, i.e. they don't ever get written on the blockchain. Transactions between exchanges as well as cashing out can be made via exchange codes or coupons (so-called vouchers), and these don't involve blockchain either. You can even use special physical wallets (say, OpenDimes) to make hand-to-hand transactions in pretty much the same way you transact with cash
Any valuable thing can be used to develop corruption. A bitcoin is also convenient and the fact that he is anonymous.
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