Can Bitcoin also lead to corruption ? - page 83.

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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?

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.

rhamzter

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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.

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Quote from: jeraldskie11 on April 29, 2017, 10:01:13 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.

But I think politically will be a little hesitant to do money laundering with bitcoin. To see the risks that exist in the bitcoin fluctuations? Because it can reduce their wealth because it could be the price down

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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?

Corruption was being implemented to all countries in the whole world, and bitcoin was being abused by the bad people because they knew that bitcoin can be use for bad purposes. But honestly, let us not us it for any illegal activities. I think each nations must create a new laws about this things.

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Quote from: radjie on April 29, 2017, 10:25:17 AM

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?

This could have happened.
everyone needs money, in any way they would do if it could get the money.
The nature of a greedy person it happens where they are tempted to get something more.
A small sample with bitcoin, bitcoin is a digital currency that could in Exchange with real money. There appear people are greedy people who want to earn money with
instant way giving rise to corruption.

This is one of the reasons why Americans are still unwilling to accept bitcoin, anonymity that is so strongly attached that it can provide transactional freedom and also open up instant opportunities for corrupt people rampant all over the world, Why should America? Because all attitudes taken of america will be followed globally by the world.

Maybe when bitcoin is finally regulated by the government, the punishment imposed on bitcoin corruptors is heavier than fiat corruptors because it can have a tremendous effect.

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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?

This could have happened.
everyone needs money, in any way they would do if it could get the money.
The nature of a greedy person it happens where they are tempted to get something more.
A small sample with bitcoin, bitcoin is a digital currency that could in Exchange with real money. There appear people are greedy people who want to earn money with
instant way giving rise to corruption.

jeraldskie11

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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.

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Quote from: Sled on April 28, 2017, 09:19:20 PM

Quote from: sunsilk on April 28, 2017, 08:57:33 PM

They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan

They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before

Why people continue to repeat this nonsense?

You should understand that once you make an on-chain Bitcoin transaction (and it gets confirmed), it is forever written on the blockchain. Bitcoin is called pseudoanonymous for viable reasons. It is anonymous for ordinary people but special services can still track down single transactions to individuals creating them. It is just a matter of how much they may get interested in tracking you down (i.e. what fish you are). If you doubt that, ask Ross Ulbricht

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Quote from: TastyChillySauce00 on April 29, 2017, 05:58:38 AM

Quote from: Sled on April 28, 2017, 09:19:20 PM

Quote from: sunsilk on April 28, 2017, 08:57:33 PM

They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan.

They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before.

When the authorities you mentioned just bought bitcoin, they'll be sure giving their address and sending it somewhere, but it's still can be traced, bitcoin is basically pseudo-anonymous that's mean it's not totally anonymous, it can be traced.
Actually, in my opinion, the corruption can be annihilated by using bitcoin and giving out the transparency towards citizens by showing off the address and its function to whether buying to pay the expenses of a project and much more, once the money is moved out, people could easily figure it out.

Yes i do agree with you. People often use this kind of currency as transaction because of its transparency, also some people used it for illegal purposes. As far as I'm concern BTC is still currency and maybe it would also come to the point that it will be the root of corruption, maybe.

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Quote from: Sled on April 28, 2017, 09:19:20 PM

Quote from: sunsilk on April 28, 2017, 08:57:33 PM

They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan.

They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before.

When the authorities you mentioned just bought bitcoin, they'll be sure giving their address and sending it somewhere, but it's still can be traced, bitcoin is basically pseudo-anonymous that's mean it's not totally anonymous, it can be traced.
Actually, in my opinion, the corruption can be annihilated by using bitcoin and giving out the transparency towards citizens by showing off the address and its function to whether buying to pay the expenses of a project and much more, once the money is moved out, people could easily figure it out.

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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?

Bitcoin is very open to anyone neither to any country in the entire world as long as there's an internet connection it can easily be useful. which can be use for good and bad purposes.,So I do agreed it can be use for corruption if there some people who are bad intention to do this matter.

Sled

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Quote from: sunsilk on April 28, 2017, 08:57:33 PM

They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan.

They can be more corrupt people in bitcoin because they can't be track down by the authorities and they can whatever they want like illegal stuffs because bitcoin is anonymous and that is what they like to do illegal things by being anonymous. So there is no doubt that bitcoin will become a gateway for the bad people to be more corrupt than before.

sunsilk

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They are doing corruption when they are into fiat money and these corrupt people are doing it wherever they want.

So I'm pretty sure that bitcoin can also lead to corruption but only for those people that wants to use this medium for their bad plan.

RedX

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Absolutely yes. Corruption on people who are already greedy in fiat currencies especially those politicians on higher seats will eventually happen. Bitcoin is very clear can be exchange as money so corrupt people will do anything to get more if it.

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Quote from: Sled on April 27, 2017, 08:47:47 PM

Quote from: panju1 on April 27, 2017, 08:21:39 PM

Quote from: Hypnosis00 on April 26, 2017, 09:28:56 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.

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Quote from: mornabo on April 28, 2017, 05:51:21 AM

Quote from: Nevis on April 26, 2017, 08:51:09 AM

Yes,actually all altcoins bitcoins and any other form of money can be a root of corruption as long as the people who will use the money will benefit for his own.

Yeah all cryptocurrencies that have decentralized and anonymous properties can be created and used to hide the outcome of corruption
But commonly used is bitcoin because it is more secure

Right. For corruption, this will be a more convenient and safe way, because nobody is controlled.

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Quote from: Nevis on April 26, 2017, 08:51:09 AM

Yes,actually all altcoins bitcoins and any other form of money can be a root of corruption as long as the people who will use the money will benefit for his own.

Yeah all cryptocurrencies that have decentralized and anonymous properties can be created and used to hide the outcome of corruption
But commonly used is bitcoin because it is more secure

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Quote from: speem28 on April 27, 2017, 01:22:40 PM

Quote from: Hypnosis00 on April 26, 2017, 09:28:56 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.

I ought to disagree with you on this one. It's because of the anonymity of bitcoin that it can lead to corruption. Imagine you are a powerful man in the business industry or government official, It is proven that there is always a corrupt person within these fields and if they laundered or corrupted money, they can hide it through bitcoin which can't be trace. So that person will not get caught and he/she can get away with the money he/she stole from the people

I suggested the use of Bitcoin for bribes long ago (conceptually)

But you are certainly unfamiliar with an average amount of bribes which "powerful men" require. It is in the range of a few million dollars and above in developed countries due to risks involved. In other words, the bribe should suffice to provide the standard of living for the the rest of that man's life as well as his family if things go massively awry and the bribee gets fired or even imprisoned (in China, for example, you may easily end up executed). Now think how Bitcoin becomes not very suitable for bribes that large

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Quote from: panju1 on April 27, 2017, 08:21:39 PM

Quote from: Hypnosis00 on April 26, 2017, 09:28:56 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.

These days very few politicians are aware about bitcoin and it's characteristic features that helps in the corruption. If they had known about it, most might have started using it and the popularity would have reached high because every time they request users to transact in the form of bitcoin. So even the user who is unaware will learn and make the transaction.

Lancusters

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Corruption leads not bitcoin and the desire of officials to make money and stupid laws that limit human at all. To feel free you have to pay. And in what currency it is not important.

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