Can Bitcoin also lead to corruption ? - page 89.

speem28

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Quote from: Cherry Girl on April 18, 2017, 10:29:21 AM

Quote from: Vishnu.Reang on April 18, 2017, 06:18:59 AM

Bitcoin is an excellent choice for those who want to bribe a government official, or for those who are looking to launder their ill earned money. Hmm.... perhaps not as attractive as physical cash... but still a very good option.

This is a very good option, but not yet so known for everyone. Many are still afraid and do not know how to use it. In time, bitcoins will become better and corruption will start to flourish.

Well, I ought to disagree with you on that, even though there are still a lot of people who does not know anything about bitcoin, government officials who have a greater tendency to launder their ill-earned money will be one of the many who will be sure to know a lot of bitcoin. Also, people who have a lot of ill-earned money will tend to find ways to hide it to other people so it's not possible for them to know about bitcoin.

speem28

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Quote from: ilovefeetsmell on April 18, 2017, 10:22:56 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?

I don't know it will lead to corruption but I think is not. Hard to learn everything about it, behind about bitcoin. You must learn more about technologies. Must learn how it processed. It is very certain to track the bitcoin funds. Make it our money or bitcoin more secure from them, from the bad people.

Figured this as much, I also thought about this but what if people who have a lot of money buys a lot of bitcoin so that he/she can hide his.her money ? It doesn't take much to learn the basics of bitcoin so they don't have to really study how it works though.

Cherry Girl

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Quote from: Vishnu.Reang on April 18, 2017, 06:18:59 AM

Bitcoin is an excellent choice for those who want to bribe a government official, or for those who are looking to launder their ill earned money. Hmm.... perhaps not as attractive as physical cash... but still a very good option.

This is a very good option, but not yet so known for everyone. Many are still afraid and do not know how to use it. In time, bitcoins will become better and corruption will start to flourish.

ilovefeetsmell

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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?

I don't know it will lead to corruption but I think is not. Hard to learn everything about it, behind about bitcoin. You must learn more about technologies. Must learn how it processed. It is very certain to track the bitcoin funds. Make it our money or bitcoin more secure from them, from the bad people.

severaldetails

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Quote from: peter0425 on April 18, 2017, 08:34:44 AM

Quote from: jems on April 18, 2017, 08:26:56 AM

Quote from: SvenBomvolen on April 11, 2017, 01:49:30 PM

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.

your right as of now a little bit percent chance to bitcoin use instrument for corruption because many people don't know about bitcoin as of now but in future i predict that bitcoin used for corruption like paper money.

I think more likely politician will go to bitcoin if they know how bitcoin works and keep it safe for money trail. So I think bitcoin can be used in any forms not only in illegal activities like corruption it has good use as well. Its that it is more evident that bitcoin is used for scam Ponzi scheme and illegal activities.

I think as well that bitcoin, if used for corruption, it will be used when the amounts are high.
Like for higher ranking politicians, or for industry bosses. But those will do their corruption with or without bitcoin, so bitcoin't won't lead to it.
And when it comes to ordinary people, I do not think they would use bitcoin if they have corruption in mind. They woould still use good old cash.
So to me, bitcoin does not lead to corruption.

peter0425

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Quote from: jems on April 18, 2017, 08:26:56 AM

Quote from: SvenBomvolen on April 11, 2017, 01:49:30 PM

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.

your right as of now a little bit percent chance to bitcoin use instrument for corruption because many people don't know about bitcoin as of now but in future i predict that bitcoin used for corruption like paper money.

I think more likely politician will go to bitcoin if they know how bitcoin works and keep it safe for money trail. So I think bitcoin can be used in any forms not only in illegal activities like corruption it has good use as well. Its that it is more evident that bitcoin is used for scam Ponzi scheme and illegal activities.

jems

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Quote from: SvenBomvolen on April 11, 2017, 01:49:30 PM

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.

your right as of now a little bit percent chance to bitcoin use instrument for corruption because many people don't know about bitcoin as of now but in future i predict that bitcoin used for corruption like paper money.

Vishnu.Reang

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Bitcoin is an excellent choice for those who want to bribe a government official, or for those who are looking to launder their ill earned money. Hmm.... perhaps not as attractive as physical cash... but still a very good option.

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Quote from: hankyulpark on April 17, 2017, 11:40:29 AM

IMO, Bitcoin is an excellent tool for it, unfortunately. One of its goals is to give you more freedom, especially freedom from the banking system and government watch. These two things, as a "necessary evil" also acts as a restraint, keeping more difficult to trying to corrupt someone else or being corrupted. When you break this restraint, the field is now clear...

The money trail is just one aspect of corruption. While you might say that the banking system acts as a restraint, people could have easily side stepped this using gold. So you cannot conclude that the field is now clear, just because Bitcoin exists.

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Quote from: yrreg ger on April 17, 2017, 11:04:50 AM

Quote from: Intersan on April 16, 2017, 12:38:26 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?

Yes of course, you also said it yourself that money is the reason why corruption exists. Greed exists when people see that there is more than what is needed. Greed is the reason why there are many poor people.

People can be greedy for everything which includes money, personal needs, attention, love and many other things. Being greedy can not be get rid of but can be restrained because it is a human nature.

Since bitcoin is still a currency, I believe that it can also lead to corruption especially if the equivalent price of bitcoin is high. Governments are one example where corruption exists but since we are talking about bitcoin I can only imagine the corruption that can happen with investing and in gambling sites. What if the trusted developers or the people behind a gambling site become greedy? For sure, he can do corruption by just giving his bitcoin address to the people who will deposit in order to play games in that site and running away taking all the deposited money. He became not just a corrupt person but as a thief as well.

The situation you have given can be considered as corruption but it is more about just stealing. Corruption is an act of stealing done by people who have positions ( government ) or done by people we call "officials". I don't think that what you said is corruption since the persons behind a signature campaign are developers and not officials.

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IMO, Bitcoin is an excellent tool for it, unfortunately. One of its goals is to give you more freedom, especially freedom from the banking system and government watch. These two things, as a "necessary evil" also acts as a restraint, keeping more difficult to trying to corrupt someone else or being corrupted. When you break this restraint, the field is now clear...

bitbunnny

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Everything that has some material value could be used for corruptive activities so unfortunately Bitcoin is not an exclusion. Maybe it's not so often used for that like fiat money and the volatility is also limitating factor but still Bitcoin is also connected to corruption as well as to money laundering.

yrreg ger

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Quote from: Intersan on April 16, 2017, 12:38:26 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?

Yes of course, you also said it yourself that money is the reason why corruption exists. Greed exists when people see that there is more than what is needed. Greed is the reason why there are many poor people.

People can be greedy for everything which includes money, personal needs, attention, love and many other things. Being greedy can not be get rid of but can be restrained because it is a human nature.

Since bitcoin is still a currency, I believe that it can also lead to corruption especially if the equivalent price of bitcoin is high. Governments are one example where corruption exists but since we are talking about bitcoin I can only imagine the corruption that can happen with investing and in gambling sites. What if the trusted developers or the people behind a gambling site become greedy? For sure, he can do corruption by just giving his bitcoin address to the people who will deposit in order to play games in that site and running away taking all the deposited money. He became not just a corrupt person but as a thief as well.

VanDeinsberg12

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Quote from: SameHow on April 15, 2017, 01:37:02 PM

Quote from: joshy23 on April 15, 2017, 01:08:35 PM

Quote from: stergium on April 14, 2017, 05:49:05 PM

Quote from: posternat on April 14, 2017, 10:03:49 AM

Well, we see where is corruption than definitely corruption is depend on money, and as you said in this thread, Bitcoin is also name of money, than if bitcoin is use for bad thing like corruption, than it is not mistake of bitcoin, it is our mistake where we use bitcoin for corruption.

yes that is right and bitcoin is money, so it can lead corruption but i think we cannot blame bitcoin for that, as if bitcoin was not introduce they will then find other ways for corruption. but they are not going to stop corruption, as corruption is in their nature.

It's not bitcoins fault, corruption has been with mankind thousand of years and I don't think using bitcoin is an exception to that. As you have said, bitcoin is money, so if greed takes over from someone's mind, people are more willing to act dishonest in return of bitcoin for personal gain.

Yes, corruption will exist with any currency as long as there is demand and greed. Few can refuse from temptation.

If there will always be greedy person in the world and we can't erase the corruption in this world. corruption as a culture tradition for the greedy person.

Astvile

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As we all know about corruption it is all about money.Bitcoins is still a money to be consider even tho bitcoins is in cryptoworld.Yes bitcoins may lead into corruption which is already happening with some users that scams people for bitcoins and for me i called it as form of corruption too

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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 me, it is possible to have corruption in bitcoin. But i don't know what kind of corruption it is. In our generation today, it is not possible to corrupt everything because our technology is modern. We also use internet to make a transactions via online. This is a public transactions so anyone can get access to it. Greedy people or not, we always want a lot of money for unexpected expenses.

Raven91

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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?

Since it's not in control of government, I don't see any reason of corruption in bitcoin and you will see if there is corruption in bitcoin as its rate fell down. There are just hacking in bitcoin and there is no reported corruption yet it's possible.

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Quote from: EthSports on April 16, 2017, 08:58:07 PM

Any kind of money,goods can be used for corruption,i think btc is last possible becouse transactions are public

They are public but you still basically don't know who is behind them

If we remove cash out of equation completely, Bitcoin could be a perfect tool for bribery. Even with cash, the bribee can get caught red-handed (and that's how they typically get caught eventually). With Bitcoin, this is no longer the case. You can cash out when you see appropriate, or someone whom you trust the keys and who may not be seemingly affiliated with you altogether can do that instead of you (but in your favor). After all, you can use your Bitcoin bribes that you receive as a personal pension fund and don't touch these bitcoins until you retire from your office (or get thrown out of it for other misdeeds)

EthSports

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Any kind of money,goods can be used for corruption,i think btc is last possible becouse transactions are public.

PokerDiceMan

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I think corruption use bitcoin or fiat money is still same very dificult, abou money laundring
because transaction bitcoin still use bank account, with bank account youre all financial transaction still can trace

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