Can Bitcoin also lead to corruption ? - page 82.

makolz26

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Quote from: TastyChillySauce00 on May 07, 2017, 03:06:26 AM

Quote from: Pattart on May 05, 2017, 10:52:54 PM

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Actually, some are using bitcoin as way of transporting money illegally such as that buying drugs, and any other forms of illegal. It cannot really avoid, knowing some people will do everything just to earn easy money. And when it comes to government, they would do such thing if they would discover this, they can hide some of their money by buying bitcoins and we cannot control it.

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Quote from: Pattart on May 05, 2017, 10:52:54 PM

Quote from: jeraldskie11 on April 29, 2017, 11:01:13 AM

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Bitcoin is basically pseudo-anonymous, it's not entirely anonymous that people once send their money in form of bitcoin will erase the trace of the money. Bitcoin can be traced by just using some sort of blockchain explorer, and worse, the transaction history of an address will be kept forever, it's impossible to be deleted unless the whole bitcoin destroyed. And honestly, in my opinion, when a government or organisation is starting to use bitcoin, they'll be more transparent, every transaction can be monitored easily through every place.

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Quote from: deisik on May 07, 2017, 02:30:30 AM

Quote from: Vaskiy on May 07, 2017, 01:08:04 AM

Quote from: Pattart on May 05, 2017, 10:52:54 PM

Quote from: jeraldskie11 on April 29, 2017, 11:01:13 AM

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Money laundering entirely differs from corruption. For both the needs bitcoin can be used due to the nature it's been developed. Being anonymous helps users make transactions without revealing end to end identity but with transparency in the value move. Right now Money laundering happens much through bitcoin than corruption as politicians were not much aware of cryptocurrencies

Money laundering is not corruption itself, of course

But both of these things are still closely affiliated, so to speak. Money laundering can exist on its own, but it typically follows an instance of corruption, especially if money is involved. For example, if you have been given a bribe, i.e. a big amount of money, you won't be able to spend it directly and right away. Wtf, you won't be able even to put it in a bank since this will inevitably trigger alarms and raise questions as to where you got all this pile of money from. So you will have to launder it, i.e. find a plausible explanation that you, in fact, earned all this wealth through hard work and weren't just bribed

With bitcoin it's hard for you to trace if you will launder your money when some exchanges will not cooperate or will not be regulated by the government, we have services like bitcoin mixer where for me a good way to launder your money, however I am not saying it will not be trace, it is just hard to trace because you go through with different address. Smart people knows how to effective launder their money, and don't even put your money in the bank without a ready explanation because banks are regulated by the government to report suspicious transactions under the memorandum issued by the AMLC.

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Quote from: Vaskiy on May 07, 2017, 01:08:04 AM

Quote from: Pattart on May 05, 2017, 10:52:54 PM

Quote from: jeraldskie11 on April 29, 2017, 11:01:13 AM

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Money laundering entirely differs from corruption. For both the needs bitcoin can be used due to the nature it's been developed. Being anonymous helps users make transactions without revealing end to end identity but with transparency in the value move. Right now Money laundering happens much through bitcoin than corruption as politicians were not much aware of cryptocurrencies

Money laundering is not corruption itself, of course

But both of these things are still closely affiliated, so to speak. Money laundering can exist on its own, but it typically follows an instance of corruption, especially if money is involved. For example, if you have been given a bribe, i.e. a big amount of money, you won't be able to spend it directly and right away. Wtf, you won't be able even to put it in a bank since this will inevitably trigger alarms and raise questions as to where you got all this pile of money from. So you will have to launder it, i.e. find a plausible explanation that you, in fact, earned all this wealth through hard work and weren't just bribed

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Quote from: Pattart on May 05, 2017, 10:52:54 PM

Quote from: jeraldskie11 on April 29, 2017, 11:01:13 AM

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

Money laundering entirely differs from corruption. For both the needs bitcoin can be used due to the nature it's been developed. Being anonymous helps users make transactions without revealing end to end identity but with transparency in the value move. Right now Money laundering happens much through bitcoin than corruption as politicians were not much aware of cryptocurrencies.

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Quote from: jossiel on May 04, 2017, 05:37:13 PM

Quote from: mikecgna on May 04, 2017, 04:54:33 AM

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

Exactly, corruption is everywhere as long there is money involve whether it is crypto or not they will exist.

And for those corrupt people they really can see the advantage upon using bitcoin because of it's anonymity.

They can't be tracked when they start using this for that purpose but I don't encourage people to use this in corruption.

This is a great invention that be used properly but it's a fact that there are people that will abuse it.

Exactly, human is very clever to think so many ways just to have money easily, whether it came from good or bad ways. But to think, how can we manipulate corruption in decentralize coin?

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Quote from: jeraldskie11 on April 29, 2017, 11:01:13 AM

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

Anyone criminals or corrupt if they already know the anonymous and decentralized advantages of bitcoin. They will surely make use of it for illegal activities. Such as money laundering

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Quote from: jossiel on May 04, 2017, 05:37:13 PM

Quote from: mikecgna on May 04, 2017, 04:54:33 AM

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

Exactly, corruption is everywhere as long there is money involve whether it is crypto or not they will exist.

And for those corrupt people they really can see the advantage upon using bitcoin because of it's anonymity.

They can't be tracked when they start using this for that purpose but I don't encourage people to use this in corruption.

This is a great invention that be used properly but it's a fact that there are people that will abuse it.

Your post is full of misconceptions

First, corruption is not caused by money as you seem to implicitly assume when you talk that it is everywhere whenever money is involved. Money makes corruption easier (like it makes many other things), but it doesn't cause corruption. It is like claiming that guns cause crimes. Further, Bitcoin is very "treacherous" in this regard. Let's assume that you get bribed via it, you get caught eventually, and then everybody will see that criminal transaction on the blockchain for as long as Bitcoin itself exists. Some folks may even start sending some satoshi to your address mocking and teasing you. How are you going to get rid of this and live with that? Your reputation will be ruined forever

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Quote from: maydna on April 28, 2017, 07:39:17 AM

Quote from: Sled on April 27, 2017, 09:47:47 PM

Quote from: panju1 on April 27, 2017, 09:21:39 PM

Quote from: Hypnosis00 on April 26, 2017, 10:28:56 AM

Bitcoin can't lead to corruption because bitcoin is decentralized and it can't be controlled by anyone, the bitcoin is known for being decentralized and if bitcoin lead to corruption then it means that it already broke its features and it will be a huge effect for the price and it will go down.

The OP is not talking about corruption in Bitcoin. He is talking about the features of Bitcoin helping corrupt people.
While that is a concern, we should not be blaming the tools for the action of men.

Yes i agree it is the features of bitcoin that can help the corrupt people to be more powerful because bitcoin is anonymous and it is one of the threat for us that can abuse by the corrupt people because we can't notice if they are doing illegal stuff or corrupting because bitcoin is not traceable and that is why bitcoin can lead to corruption because of anonymity.

i think not just bitcoin that can lead to corruption but for real money, we know that money is leading to corruption and its make more damage for people in many aspects. i think if politicians or someone that corrupted already know bitcoin and they know that they can send the corruption money to other people without any other people know, then they will thinking that is good for them to send that money without any proof to explain and its only the wallet that we know.

It is not only about sending the money if some sends the money and have no record of it or cannot be traced for sending but someone has to receive it and while receiving the money the bank inquires that where did it came from.

Also I have something in mind and that is “good mind good find” until and unless the governments don’t play a part you
can’t stop someone from bad activities.

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Quote from: mikecgna on May 04, 2017, 04:54:33 AM

Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

Exactly, corruption is everywhere as long there is money involve whether it is crypto or not they will exist.

And for those corrupt people they really can see the advantage upon using bitcoin because of it's anonymity.

They can't be tracked when they start using this for that purpose but I don't encourage people to use this in corruption.

This is a great invention that be used properly but it's a fact that there are people that will abuse it.

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Why not. Bitcoin is also a currency and you can buy any stuff with it. Corruption comes when something is easy to store and without any limits. Moreover bitcoin is easy to save so people can store black money on online accounts without any identification, that is a corruption!! Likewise I believe many kinds of corruption can happen in the world of bitcoin.

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Quote from: jeraldskie11 on April 29, 2017, 11:01:13 AM

If the politicians enters in the world of bitcoin, I think there is a chances that bitcoin can lead to corruption. Even there's a chance the corruption of bitcoin, it will never be happen anymore because developer would not want it to happen because they know that bitcoin corruption can lead the bitcoiners to quit using bitcoin.

True, one of the cast of corruptors is political lol. If they know the bitcoin well. Maybe they will wash their money with bitcoin because it is much safer for their identity

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Bitcoin will only help the development of corruption. Corruption can exist with any currency, and with bitcoin it will be anonymous and promising.

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Quote from: speem28 on April 11, 2017, 01:02:34 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?

All the transactions on bitcoin can be tracked, so bitcoin could help to track all of those transactions and that could lead to arrest of politicians, but make no mistake the corruption comes from the people and not from the tools they use.

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Quote from: panju1 on April 27, 2017, 09:21:39 PM

Quote from: Hypnosis00 on April 26, 2017, 10:28:56 AM

Bitcoin can't lead to corruption because bitcoin is decentralized and it can't be controlled by anyone, the bitcoin is known for being decentralized and if bitcoin lead to corruption then it means that it already broke its features and it will be a huge effect for the price and it will go down.

The OP is not talking about corruption in Bitcoin. He is talking about the features of Bitcoin helping corrupt people.
While that is a concern, we should not be blaming the tools for the action of men.

Do you mean to say that ultimate authority leads to ultimate corruption. Actually we have the experience to see the corrupt people that are the corrupt characters. Also we see that there are more people against corruption. They will do nothing wrong to anyone besides being powerful. The Bitcoin is just a currency like others and it depends upon the user what he/she wants to do with it.

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Quote from: LeGaulois on April 30, 2017, 06:19:03 PM

Quote from: rhamzter on April 30, 2017, 02:17:39 AM

No, it's a big "NO" , because I believe and I think that Bitcoin cannot corrupted by everyone. Due it was a digital currency that cannot use to any bad thing, because it was protected by private systems of Bitcoin company.

What the hell are you talking ? As bitcoin is a digital currency so it can not be used to do bad thing ? Bitcoin is protected by by by what ? Private systems of bitcoin companies ? Fiat, gold, diamonds, humans and drugs are used daily as a money, why do you think bitcoin is not. Look the news there are several criminal stories where bitcoin is onvolved. Wake up man.

Yes, if someone is committed to do any sort of corruption with the bitcoin they can easily use it for things like money laundering stuff and even they can get there black money white with the help of the BTC by purchasing it first and then by selling it they will receive the amount through bank with which no one can claim that it is not a fair money.

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Quote from: rhamzter on April 30, 2017, 02:17:39 AM

No, it's a big "NO" , because I believe and I think that Bitcoin cannot corrupted by everyone. Due it was a digital currency that cannot use to any bad thing, because it was protected by private systems of Bitcoin company.

What the hell are you talking ? As bitcoin is a digital currency so it can not be used to do bad thing ? Bitcoin is protected by by by what ? Private systems of bitcoin companies ? Fiat, gold, diamonds, humans and drugs are used daily as a money, why do you think bitcoin is not. Look the news there are several criminal stories where bitcoin is onvolved. Wake up man.

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Quote from: rhamzter on April 30, 2017, 02:17:39 AM

No, it's a big "NO" , because I believe and I think that Bitcoin cannot corrupted by everyone. Due it was a digital currency that cannot use to any bad thing, because it was protected by private systems of Bitcoin company.

thats right, bitcoin is a tools for us and a way for us to make money and its depend with that person, if he want to use bitcoin for bad things, then bitcoin will be bad in the end. maybe is not bitcoin that can not lead to corruption but the money that behind all of the corruption. because if we see in many country, many people in the government is trying to get money by corrupted and if they got that money, they can exchange that money into bitcoin and they can use many ways to gets bitcoin and no one will know.

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In bitcoin platform, corruption isn't necessary since it's decentralized and government has not control to it. For the developers, they can be corrupt but it's less likely to happen since they wouldn't do things that can affect them negatively.

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Quote from: speem28 on April 11, 2017, 01:02:34 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?

Certainly yes. As far as it is money related, expect the corruption. Corryption is is being made by powerful official/developers. However, as far as I see how bitcoin runs, corruption isn't on their mind already perhaps.

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