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. Anything that is realted with money, there is always corruption as there are people which manage/hold the certain funds. 
Topic: Can Bitcoin also lead to corruption ? - page 86. (Read 51285 times)
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.
I do not deny that bitcoin used for illegal activities. Including for money laundering on corruption. How not corruptors will certainly think how to hide their money. And bitcoin has nice amenitiesAs to two-three world countries such Ukraine, bitcoin already turns the instrument of corruption. It is hard to trace bitcoins, politics and clerks for sure choose this way of bribery.
It's easy to trace the bitcoin, if you know the address. That's why they are adopting bitcoin as a legal money in most of the country. If any payment or transaction happening in the concern wallet and if you the address. Its easy traceable and politicians does not want that to happen. They want to hide and make corruption everywhere. Bitcoin will help us to recover from the corrupted society.
You are hero Member and even dont know the simple details about bitcoin that it is non traceable transaction this is why it got so famous and so many dice and other gambling sites are developing so fast. If bitcoin transaction can be traceable then Bitcoin will become worthless
Corruption today has definitely taken a new turn and its not even about money again as every facet of people lives they do one thing or the other saddle around corruption even with people sure they can be traced using banks they still engaged in it.
It's easy to trace the bitcoin, if you know the address. That's why they are adopting bitcoin as a legal money in most of the country. If any payment or transaction happening in the concern wallet and if you the address. Its easy traceable and politicians does not want that to happen. They want to hide and make corruption everywhere. Bitcoin will help us to recover from the corrupted society.
I disagree that its easy to trace because I have been scammed before and nothing happened despite everything I did. I am sure if it were to be through bank, I will get my money back imagine if all politicians or top executives are aware that once they are in bitcoin, then no one can trace them, I am sure will all know the answer on how they will want to exploit such avenue.
As to two-three world countries such Ukraine, bitcoin already turns the instrument of corruption. It is hard to trace bitcoins, politics and clerks for sure choose this way of bribery.
It's easy to trace the bitcoin, if you know the address. That's why they are adopting bitcoin as a legal money in most of the country. If any payment or transaction happening in the concern wallet and if you the address. Its easy traceable and politicians does not want that to happen. They want to hide and make corruption everywhere. Bitcoin will help us to recover from the corrupted society.
I disagree that its easy to trace because I have been scammed before and nothing happened despite everything I did. I am sure if it were to be through bank, I will get my money back imagine if all politicians or top executives are aware that once they are in bitcoin, then no one can trace them, I am sure will all know the answer on how they will want to exploit such avenue.
As to two-three world countries such Ukraine, bitcoin already turns the instrument of corruption. It is hard to trace bitcoins, politics and clerks for sure choose this way of bribery.
It's easy to trace the bitcoin, if you know the address. That's why they are adopting bitcoin as a legal money in most of the country. If any payment or transaction happening in the concern wallet and if you the address. Its easy traceable and politicians does not want that to happen. They want to hide and make corruption everywhere. Bitcoin will help us to recover from the corrupted society.
As to two-three world countries such Ukraine, bitcoin already turns the instrument of corruption. It is hard to trace bitcoins, politics and clerks for sure choose this way of bribery.
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 
No.
It's the other way round, bitcoins leads to meeting market demand and unmasking corruption,
Corruption is now legislated (or otherwise, common law etc) illegal activities that are actually not economically optimal, due to in-efficient laws, interest groups, monopolies.
This then has a secondary effect that forces other people to act even more "corruptly" as their opportunity is denied them to act in the market.
BTC forces the users to be provable accountable,
You have the funds, you sent the funds, the funds arrived.
You can do what you say, you did what you said.
There is no shadow or possibility of deception.
This one reason I the exchanges and business will be forced eventually to crypto's as they will be a much better credit risk, when they can prove their true state of funding.
It's the other way round, bitcoins leads to meeting market demand and unmasking corruption,
Corruption is now legislated (or otherwise, common law etc) illegal activities that are actually not economically optimal, due to in-efficient laws, interest groups, monopolies.
This then has a secondary effect that forces other people to act even more "corruptly" as their opportunity is denied them to act in the market.
BTC forces the users to be provable accountable,
You have the funds, you sent the funds, the funds arrived.
You can do what you say, you did what you said.
There is no shadow or possibility of deception.
This one reason I the exchanges and business will be forced eventually to crypto's as they will be a much better credit risk, when they can prove their true state of funding.
Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react
Both are different things but bitcoin can help in the process of corruption someone. How does not bitcoin have the facility not to be seen from anyone ie anonymous
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.Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react
Both are different things but bitcoin can help in the process of corruption someone. How does not bitcoin have the facility not to be seen from anyone ie anonymous
Bitcoin can also lead to corruption in fact it can enhance it. For example some rich whales bribing politicians which politicians can accept readily because they are anonymous using bitcoin even if a transaction happened. Bitcoin brought the perfect formula for corruption I think because anonymity+hard to trace transactions sometimes+an intent for corruption can be equal to an enhanced corruption.
Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react
Both are different things, bitcoin is the currency and corruption is illegal activity. But we do not rule out that bitcoin is used by corruptors. They are abusing bitcoin
Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react
Both are different things, bitcoin is the currency and corruption is illegal activity. But we do not rule out that bitcoin is used by corruptors. They are abusing bitcoin
This possibility can also happen, because humans have an insatiable nature, therefore it may be cheating someone through false investments so investors are attracted by the award given, but they cheat after entering many investors to join them to take their money or refund the money is not In agreement.
Corruption and bitcoin are something different. Corruption is a moral issue that needs to be eradicated. All things can be linked and may be related, every thing related to money can be done for corrupt activities depending on how you react
Both are different things, bitcoin is the currency and corruption is illegal activity. But we do not rule out that bitcoin is used by corruptors. They are abusing bitcoin
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 not design to lead the people to do some corruption in any aspect of illegal activities. Only the people who are so greed and had some bad intention to used bitcoin as an instrument to their evil deeds. Although bitcoin is very open source whether we use it for bad and good purposes.Yes I do believe on what you think is right but when a person has his own will to do in freedom out of his decisions, it's possible for him to do evilous activity leading to bitcoin corruption. How much more in digital currency bitcoin is very untransparrent compared with fiat money currency, it can really be use for corruption like underground money rewards for those illegal money from corrupt government personnels having hidden agendas for their transactions. Bitcoin in reality is really prone to that matter and I don't limit my thinking behind this probability.
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 not design to lead the people to do some corruption in any aspect of illegal activities. Only the people who are so greed and had some bad intention to used bitcoin as an instrument to their evil deeds. Although bitcoin is very open source whether we use it for bad and good purposes. 
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.
You are talking like there is no corruption in world countries and bitcoin will help people to bring corruptions. The evil sides of people will always tend to misuse any new technological advancements. This is again happening with the introductions of bitcoin and corruptions and support from new inventions are not new due to bitcoins ecosystem.
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.
Jump to: