Can Bitcoin also lead to corruption ? - page 72.

Creepings

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Quote from: King Sastro on June 07, 2017, 04:15:23 AM

With a very high security levels so I'll make sure that the corruptor will save their money to bitcoin, this is because if they save money in the bank can be easily tracked so they will keep to bitcoin.

A corrupted money can still be saved in banks, you can just tell another person or individual to make a bank account, you give it to that man and deposit your corrupted money to the bank account of that individual, it is easy right. You can also do it in bitcoin, thkugh it is more easy on banks, there are a lot of people without a bank account, that just means, there are still many bank accounts that can be created and be used to save those corrupted money.

King Sastro

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With a very high security levels so I'll make sure that the corruptor will save their money to bitcoin, this is because if they save money in the bank can be easily tracked so they will keep to bitcoin.

mornabo

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Quote from: _Legendary_ on June 06, 2017, 11:01:50 PM

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.

Nope i think it will make bitcoin become not famous anymore. You should know that the one that makes the famous bitcoin is because of anonymous and decentralized bitcoins?

_Legendary_

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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.

fanbeila

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Quote from: speem28 on April 11, 2017, 12:02:34 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?

Whether bitcoin exists or not,corruption would exist.It has nothing to do with corruption.But since bitcoin is psuedo anonymous and easy to receive in wallet,corrupt people may ask other person to give bribe in bitcoins.

the rise

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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.

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Quote from: TastyChillySauce00 on June 06, 2017, 07:51:19 PM

Quote from: Celsiuss on June 06, 2017, 04:07:41 PM

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 nothing.

All that what you've mentioned is correct. There is much transparency in the transaction than any other digital currency, but you doesn't know the end to end user. This is what makes it more convenient for the purpose of corruption. In my view bitcoin is made good, but the people has made it advantageous based on theirrequirement.

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Quote from: Celsiuss on June 06, 2017, 04:07:41 PM

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 nothing.

Lumada

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Quote from: djgtr on June 06, 2017, 04:22:05 PM

Money is a very hot issue for now due to a lot of needed expenses in this world, so that's not within our control if some people is doing corruption on bitcoins. If we can compare it to fiat currency which is so transparent to human eye, how much more with bitcoin having an anonymous ability to encrypt a money. I can conclude thar bitcoin really leads to corruption, specially on micro jobs payment handled by different managers, who knows the true honesty from those anonymous people whom we happen to know just in the services jobs.

When money were involved many will get intersted on it in any ways, it may be corruption by an individual or society.

djgtr

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Money is a very hot issue for now due to a lot of needed expenses in this world, so that's not within our control if some people is doing corruption on bitcoins. If we can compare it to fiat currency which is so transparent to human eye, how much more with bitcoin having an anonymous ability to encrypt a money. I can conclude thar bitcoin really leads to corruption, specially on micro jobs payment handled by different managers, who knows the true honesty from those anonymous people whom we happen to know just in the services jobs.

Celsiuss

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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.

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Bitcoin could help it, but I doubt it would be the sole cause of corruption...

hurain

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Quote from: Jewell on May 31, 2017, 08:14:31 AM

Quote from: salsa321 on May 31, 2017, 04:58:41 AM

Yes and that's for sure, we remember the past where bitcoin prices soared up in 2011, there are drug cartels buying bitcoin to launder their money, bitcoin prices are getting taller until finally the silk road comes up. The world's first tor market that provides online buying and selling of drugs and transactions using bitcoin as its currency. If a corrupt person thinks of saving his money into bitcoin, then it can happen and it is very sad

yes that can be right. i think not only bitcoin but all other fiat currencies including USD will be using for leading corruption. the criminal try to find out easy mean of corruption, but still i am hopeful that bitcoin may not be yet used for such kind of activities. and we are also hopeful that even in future bitcoin will be safe to be use for such criminal activities.

yes bitcoin is a normal curry and both the good and bad people have the option to use bitcoin, they can use it for both good and bad purposes just like other currencies that people are using for different activities. but still hopeful that most of the time bitcoin will be use for good purposes.

mharz

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Maybe, because if the policy or rules of the bitcoin can handled by the governments I think that is a disaster because if the government control the bitcoin I'm sure even a little bit earnings of bitcoin were adding taxes due to legalization of bitcoin given by the government.

Himanshu111

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Yes, you are correct absolutely. Bitcoin can lead to corruption as address of sender and receiver is anonymous which makes it one of the safest ways to transfer bribes.

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Quote from: speem28 on April 11, 2017, 12:02:34 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?

Yes it can. thats possible to happen because as like what you said bitcoin consider as a money and we all know that money is the main reason of corruption anywhere in the world. Im not going to be shocked if one day ill heard or read i in a news.

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Quote from: speem28 on June 06, 2017, 10:19:21 AM

Quote from: BeGoods on May 26, 2017, 09:22:13 PM

Quote from: Casabrandy on May 24, 2017, 09:49:12 AM

Quote from: boyptc on May 24, 2017, 04:44:44 AM

Quote from: NJB18 on May 23, 2017, 01:41:48 PM

Definitely Yes, it is not Bitcoin but the people handling bitcoin that creates corruption. Greed of money and power will make it corrupt.

All of the medium for transactions doesn't have something to do with bad transactions. But yes we are the ones that are making the decision if we are going to allow and let those mediums specific with bitcoin to use for corruption. Maybe in the future or at this moment there are corrupt people that are thinking about it already.

Government officials or businessman might already studying it now on how they will be able to do it.

Bitcoin is not so well known so I think for now there are still a few politicians who use bitcoin for tools as money launderers or corruption. Or I myself have never heard of it?

I doubt it, Bitcoin is almost known to every government in most countries. It is just that, not all government accepts bitcoin as whole so not so many know it yet. But I know that because almost all forms of organization or government in the world always care about their financials, I'm sure they've heard thing or two about bitcoin from somewhere at some point and is using it now.

yes indeed as we knew that every people who's in power will try to hide its wealthy and bitcoin is one of the best way to hide everything and with its popularity i doubt if politician will not be aware of it and use it for their benefits.

epitome

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Quote from: sobsitesearch on May 31, 2017, 04:35:15 AM

i think so, because of the value of bitcoin and the government will start to adopt bitcoin as centralized currency and it would be constitutional currency.
most of the government official are corrupt they always take advantage of their position to do illegal thing and to make them richer with the money of others.

How can bitcoin be a constitutional currency when it is decentralized ,it is not the same like some of the alt coins,so it is impossible for any government to control it,they have to either understand the technology and starts accepting it rather than using random idioms to avoid regulating this.Will it lead to corruption,it can occur with any form ,real estate, fiat and so on,so that is not an excuse here.

speem28

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Quote from: BeGoods on May 26, 2017, 09:22:13 PM

Quote from: Casabrandy on May 24, 2017, 09:49:12 AM

Quote from: boyptc on May 24, 2017, 04:44:44 AM

Quote from: NJB18 on May 23, 2017, 01:41:48 PM

Definitely Yes, it is not Bitcoin but the people handling bitcoin that creates corruption. Greed of money and power will make it corrupt.

All of the medium for transactions doesn't have something to do with bad transactions. But yes we are the ones that are making the decision if we are going to allow and let those mediums specific with bitcoin to use for corruption. Maybe in the future or at this moment there are corrupt people that are thinking about it already.

Government officials or businessman might already studying it now on how they will be able to do it.

Bitcoin is not so well known so I think for now there are still a few politicians who use bitcoin for tools as money launderers or corruption. Or I myself have never heard of it?

I doubt it, Bitcoin is almost known to every government in most countries. It is just that, not all government accepts bitcoin as whole so not so many know it yet. But I know that because almost all forms of organization or government in the world always care about their financials, I'm sure they've heard thing or two about bitcoin from somewhere at some point and is using it now.

qiwoman2

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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.

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