Topic: Can Bitcoin also lead to corruption ? - page 85. (Read 51285 times)
Bitcoin can be used in both spectrum, good or bad. so it is possible that individual will used bitcoin to bribe and corrupt like government official for a favor return. And there are like several ways how the person who will received that money can't be track. Unlike in fiat where there is a paper trail that will lead to you.
yeah I do think so. The corruption of Bitcoin is likely to happen in the future when there are too many altcoins exist and many advance function has been added to the new coin. When it happens, the prices of Bitcoin will drop down and no one will care about this coin anymore
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 do agreed, corruption is everywhere to all nations in the entire world. Moreover, only people who are so greedy do this things. they take advantaging the usage of Bitcoin in illegal activities they knew that Bitcoin can be use for good and bad purpose. But lets us not abuse it of course as much as possible.
I do not know it seems impossible because Bitcoin is a set of computer code that allows peer-to-peer payments. Bitcoin is designed as a decentralized currency with a transparent ledger, each transaction being tracked and shown publicly.
While the cause of corruption is the moral nature of human beings over the greed within them
While the cause of corruption is the moral nature of human beings over the greed within them
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.Bitcoin has nothing to do with corruption.But instead of money,bitcoin would be used for corruption.No need to carry money.Just a click to send bitcoin frm the wallet would do the job.Bitcoin cant control the corruption neither help in corruption. Its just a money which can be used in anyway by the spender on this money. So we can never blame any currency for corruption.
I ought to disagree with you on this one, You're missing the point here and I think you are the one lacking knowledge about bitcoin.Even though bitcoin is a virtual currency or transparent as you said, it is still considered as money and the fact that it can't be traced means that if corrupt people use this, they can hide corrupted money from the people.
Noo bitcoin is currency where you can only use to internet but if government used this bitcoin currency for them to stock their money maybe? Than using their own bank account where they can hide those billions transaction that they corrupt from people, It depends if they will used bitcoin or not its their choice not us 
Yes, this is one of the best ways that the corrupt people in the government can do with their laundered and corrupted money from the people. This just supports the question that bitcoin can really lead to corruption. In my opinion, everything leads to corruption if it is used in the wrong way.
yes indeed and bitcoin have opportunity to leading to corruption. bitcoin in the right hand will be good but in the wrong hand, bitcoin will be bad thing that we can not imagine how its look like. i think this is not just bitcoin but in every aspect that we do, its depend on what our purpose to used and the result will follow.
It really is up to the user together with its motives and character. With a knife you can use as a tool in cooking a delicious meal but to others it can be used as a tool for committing a horrific murder scene. With a hand you can use it in various ways either to help or hurt yourself or others.
In conclusion, any money or cryptocurrency or anything can be used in a right or wrong way that depends on the person or people.
In my opinion, everything leads to corruption if it is used in the wrong way.
yes indeed and bitcoin have opportunity to leading to corruption. bitcoin in the right hand will be good but in the wrong hand, bitcoin will be bad thing that we can not imagine how its look like. i think this is not just bitcoin but in every aspect that we do, its depend on what our purpose to used and the result will follow.
Bitcoin can also lead to corruption and can be linked to corruption after all corruption happens because of money and bitcoin is a form of money, a crypto currency so there is still corruption in bitcoin but it is hidden like how one commits corruptions because of a fiat currency. It is impossible for bitcoin, a currency to be corruption free.
Because bitcoin has anonymous and decentralized facilities it's perfect to hide your identity as well as the money you corrupt. Believe it or not they already use itHide your identity as well as the money you corrupt, then thats laundering, not corruption. I don't think that the government will have a way to corrupt bitcoin because it is decentralized. They can't get anything out of it unless they own a site of bitcoin wallet or trading site.
In my opinion, everything leads to corruption if it is used in the wrong way.
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 itself doesn`t "lead" to corruption.Bitcoin is money and the money are just a tool.
I`m curious about corruption and the bitcoin core developers.Can they leave or "sell" the blockchain for money and abandon the bitcoin idea and community?
Developers are not as important as miners
It is miners who can betray Bitcoin, and what is most discouraging in this regard is that it will be a wise decision economically. Many politicians know it by heart that "to betray on time is not to betray but to foresee". And now miners might know that too. They know that the days of expensive transactions and highly profitable mining are numbered, that there is no place for them in the future, so "selling" Bitcoin while they are still at the peak of their power and might is actually a viable solution. I'm certain that if some government offers them a few dozen million dollars to kill Bitcoin they will do it without a second thought
Bitcoin can also lead to corruption and can be linked to corruption after all corruption happens because of money and bitcoin is a form of money, a crypto currency so there is still corruption in bitcoin but it is hidden like how one commits corruptions because of a fiat currency. It is impossible for bitcoin, a currency to be corruption free.
Because bitcoin has anonymous and decentralized facilities it's perfect to hide your identity as well as the money you corrupt. Believe it or not they already use itHide your identity as well as the money you corrupt, then thats laundering, not corruption. I don't think that the government will have a way to corrupt bitcoin because it is decentralized. They can't get anything out of it unless they own a site of bitcoin wallet or trading site.
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 itself doesn`t "lead" to corruption.Bitcoin is money and the money are just a tool.
I`m curious about corruption and the bitcoin core developers.Can they leave or "sell" the blockchain for money and abandon the bitcoin idea and community?
Bitcoin can also lead to corruption and can be linked to corruption after all corruption happens because of money and bitcoin is a form of money, a crypto currency so there is still corruption in bitcoin but it is hidden like how one commits corruptions because of a fiat currency. It is impossible for bitcoin, a currency to be corruption free.
Because bitcoin has anonymous and decentralized facilities it's perfect to hide your identity as well as the money you corrupt. Believe it or not they already use itWe 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?
If they are able to create a blockchain that has a trojan horse in it that everyone uses why not just delete a record.
Otherwise transactions would be traceable on point of corruption and create a log of records that would make it difficult to prove, accounting figures will need to balance.
That said even a deleted record if someone had the power to verify every transaction log and access to the database it would likely get caught someday so it would need to be a secret database or able to switch transactions with other ones and assume no one is using a saved state of the blockchain that can detect the difference.
I'm sorry, but whom do you refer to by "they"?
If you talk about government and them starting their own "blockchain" coin with black doors and trojans, what makes you think that people will ever use it? I think that people will steer clear from this coin as far as possible even if it is opensourced. But by opensourcing it they won't be able to tacitly inject some malicious code into it since many people will be just eager to scrutinize the codebase of this coin
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.Bitcoin has nothing to do with corruption.But instead of money,bitcoin would be used for corruption.No need to carry money.Just a click to send bitcoin frm the wallet would do the job.Bitcoin cant control the corruption neither help in corruption. Its just a money which can be used in anyway by the spender on this money. So we can never blame any currency for corruption.
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?
If they are able to create a blockchain that has a trojan horse in it that everyone uses why not just delete a record.
Otherwise transactions would be traceable on point of corruption and create a log of records that would make it difficult to prove, accounting figures will need to balance.
That said even a deleted record if someone had the power to verify every transaction log and access to the database it would likely get caught someday so it would need to be a secret database or able to switch transactions with other ones and assume no one is using a saved state of the blockchain that can detect the difference.
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.Bitcoin has nothing to do with corruption.But instead of money,bitcoin would be used for corruption.No need to carry money.Just a click to send bitcoin frm the wallet would do the job.Bitcoin cant control the corruption neither help in corruption. Its just a money which can be used in anyway by the spender on this money. So we can never blame any currency for corruption.
i am not sure that bitcoin can also lead to corruption or not but the one thing that i know is bitcoin can lead for money laundering because when someone wants to do money laundering, he can directly do it by buying bitcoin and he can keep the amount of bitcoin and waiting for selling the bitcoin. but maybe bitcoin can lead to corruption too like money laundering, i only don't know how to do it and i think i don't want to do that because its prohibited for anyone.
Money is the root of all sins and it can lead to corruption which is very popular to the government. Since Bitcoin is a digital money then it has the possibility that it can lead to corruption. But as long as you know the right and wrong and you can faithfully follow it then bitcoin will never lead you to corruption.
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