Topic: Can Bitcoin also lead to corruption ? - page 8. (Read 51285 times)
For sure. With it's high risk/reward potential, those greedy officials from the government will get attracted and will secretly exchange the project funds into bitcoin for their own gains.
This can happen because.
- bitcoin is the investment market into without the investor's information.
- and this is a form of money laundering or money laundering that the government can not investigate.
- bitcoin is the investment market into without the investor's information.
- and this is a form of money laundering or money laundering that the government can not investigate.
No bitcoin is not a lead for corruption and it can the next generations of money that’s all but some people misuse this playtform and use this as negative way but if you use this in right way you will get a good profits.
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?
Corruption can be everywhere and even Bitcoin, I think people now live mainly because of money and where they can give them a lot of money they are willing to take, in many countries on Bitcoin is said to be a powerful and indispensable currency in the state, but so too are these countries more corrupt.
This can happen because.
- bitcoin is the investment market into without the investor's information.
- and this is a form of money laundering or money laundering that the government can not investigate.
- bitcoin is the investment market into without the investor's information.
- and this is a form of money laundering or money laundering that the government can not investigate.
There are a lot of potential for corruption in bitcoin because it gives and provides the users extra money which can get easily. Corruption can not be separated from money.
Bitcoins could be a medium for any illegal activities or corruption. Bitcoins are issued and managed without any central authority, there is no one in charge. Anyone with bitcoin can participate in the network, send and receive bitcoin. This makes it difficult to track the flow of funds, as well as stop a transaction if there is a suspicion of illegal activities.
Money, It has good power and influence for people, they will do anything for it. If we talk about probability of corruption in bitcoin, of course it has potential to corrupt because bitcoin provides or even be the source to gain extra a lot of money. As you mention that people always aim to get extra money, and of course where there are a lot of money, there will be corruption.
I think bitcoin can not cause corruption and bitcoin will minimize the level of corruption because bitcoin uses blockhaind technology a platform that is a distributed ledger that allows digital assets to be traded safely and highly transparent. so corruption can not specifically be associated with bitcoin precisely the occurrence of corruption outside the bitcoin path but some people think that bitcoin can make corruption chances by money laundering and others I think it is wrong to assume it is just that today bitcoin has a very high asset value so every people can engage in investment or trading activities with great benefits.
Greed or the desire for more is part of being human regardless of currency or goods so bitcoin can't really be blamed directly. Greedy people are greedy regardless of form of currency. Although the decentralized nature of bitcoins does make it easier for greedy people to commit illegal transactions such as money laundering.
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.
I agree with you, bitcoins could be the potential catalysts for corruption. Anyone can buy or sell anything with bitcoin and never be tracked, there's no one central bank monitoring the flow of debt and credit, let alone busted if they broke the law.
because the current system and the excellent data confidentiality of bitcoin use can be used as a transaction tool for corruption crimes. why in some cryptocurrency states is not allowed to use because it can be used as an electronic transaction for crime. because it is easy to make some people take advantage of this system's sophistication.
What sort of debasements you are discussing? Influences? Illegal tax avoidance? Insider exchanging? Each and every one of those existed previously bitcoin and they will exist after it. In the event that bitcoin made being tainted simpler, so what? Web likewise made such a large number of wrongdoings conceivable. Individuals even can enlist contract killers from the web. Do we accuse the web for that? No. Each mechanical progression accompanies pros&cons.
Of course it can but there is corruption everywhere.
The governments have been trying to slowly get rid of cash, because they can't control it or tax it. Cash is used for illegal activities and corruption since forever.
But now Bitcoin has been created and is growing and becoming more widely used, its back fired on them. A currency that we can all use, that they can't tax, but now that want to ban it in certain countries or regulate it and they blame it on illegal activities or corruption.
Its bullshit its because they can't control us, they control us through money through banks.
It doesn't matter what they do, there will always be corruption.
The governments have been trying to slowly get rid of cash, because they can't control it or tax it. Cash is used for illegal activities and corruption since forever.
But now Bitcoin has been created and is growing and becoming more widely used, its back fired on them. A currency that we can all use, that they can't tax, but now that want to ban it in certain countries or regulate it and they blame it on illegal activities or corruption.
Its bullshit its because they can't control us, they control us through money through banks.
It doesn't matter what they do, there will always be corruption.
As you rightly said anything associated with money always lead to corruption becouse of greed. bitcoin can be use as means of laundering illicit or corrupt money by corrupt people who stole money from government or drugs dealers.
I think yes, from other side if think about how safe it will, all transactioins are public and it will easy to track, but yeah, maybe if mix. Also how to explaine what is it and how to cash out, just imagine situation when you giving usb flash drive with no words, also unstable price, so before person will cash out he might lose 20 - 40%.
Bitcoin can't lead anyone to corruption.it's the people who are corrupted can use bitcoin to their evil scheme. Because bitcoin is just here to help anyone to earn money. Not to turn us into evil one and be corrupted. There's corruption everywhere when there's money involve.
Corruption is not about just currency...corruption is about people heads. People always want money and power that's why we always getting corruption problem.
For me, I think yes. Bitcoin can cause corruption because Bitcoin is also a money. And many of us are greedy when it comes to money. I wish not all is corrupt.
bitcoin will not cause corruption, but bitcoun is very easy to be a place to hide the results of corruption because bitcoin can not be audited by the government
Yes because Bitcoin is like money, and money is a medium used for corruption. Actually it will ultimately depend on the user. Anyone can use it for good, while others may use it for illegal means. Since Bitcoin is not traceable, people may think of using it for illegal activity since they may get away with it.
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