Topic: Can Bitcoin also lead to corruption ? - page 92. (Read 51258 times)
The thing is that corruption does not even need the money to appear. There is a type of corruption that is based on favors. In making decisions as a ruler that will favor the interests of a company and later, when the ruler no longer has the power ends up working for that company. Here there is no payment of money nor do you have to worry about currency movements but there is also corruption.
Of course. Bitcoin will be much more convenient for corruption, because nobody is regulated and all greedy people will use it.
How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?When you use bitcoin it is much easier for corrupt people to do some corruption but not on big amounts but rather on average amounts only to avoid the eyes of the Central Banks. When using bitcoins you can just make a false description when sending then nobody will suspect you and it is much easier to carry it than checks or actual money.
I think bitcoin possible can lead to corruption since bitcoin cannot be controlled by the government. This can easily touch by other people to do some bad things just like in the government.
As quoted it is possible to do such bad things with bitcoin, at the same this can be sought outif every country accept and regulates bitcoin. Governments are always corrupted and now very few politiciansare knowledge to know about its existence, else more of them might have started using it.
Good question, now another one: can a woman sell her body for money to several strangers or just be married to one person for her entire life?
Still bitcoin isn't even like that lol. being trustless, immutable, coded to be decentralized alone can eliminate any threat of corruption.
Bitcoin mining works in such a way that even if centralized like more or less bitmain is a branch of a central bank for bitcoin even though not yet that powerful, but it's in their best interest to serve the network in the best possible manner and keep the network functional.
Genius of Satoshi where he designed a system that even if centralized those in power would have to serve the entire system-community unlike traditional banking mafia.
Still bitcoin isn't even like that lol. being trustless, immutable, coded to be decentralized alone can eliminate any threat of corruption.
Bitcoin mining works in such a way that even if centralized like more or less bitmain is a branch of a central bank for bitcoin even though not yet that powerful, but it's in their best interest to serve the network in the best possible manner and keep the network functional.
Genius of Satoshi where he designed a system that even if centralized those in power would have to serve the entire system-community unlike traditional banking mafia.
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 that's impossible also will be a good field to them to do corruption and in worst scenario they will hide the transaction using any Bitcoin mixer so government is really hard to trace the transaction coming to the address.
Bitcoin can develop corruption because of the lack of control and circulation of illegal terrorist funds. To avoid this, it must be made completely legal.
Of course. Bitcoin will be much more convenient for corruption, because nobody is regulated and all greedy people will use it.
How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?But the amount on the account or wallet can be traceable. Although if you're sending it through the mixer site and it will increase the pseudonymous of bitcoin to the anonymous coin because no one can trace your amount. It is possible for bitcoin to being a simple method for the corruptors.
But what has done by PBOC can be a good example for us about how the government's power can make an intervention on the crucial part of crypto itself (exchange site).
I think bitcoin possible can lead to corruption since bitcoin cannot be controlled by the government. This can easily touch by other people to do some bad things just like in the government.
Of course. Bitcoin will be much more convenient for corruption, because nobody is regulated and all greedy people will use it.
How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin?When you use bitcoin it is much easier for corrupt people to do some corruption but not on big amounts but rather on average amounts only to avoid the eyes of the Central Banks. When using bitcoins you can just make a false description when sending then nobody will suspect you and it is much easier to carry it than checks or actual money.
Of course. Bitcoin will be much more convenient for corruption, because nobody is regulated and all greedy people will use it.
How are you going to hide your income? If you keep bitcoins on your account, you will not see it, but what prevents you to open an anonymous account in dollars or euros? You get caught only when your expenses will exceed income. What's bitcoin? 
Of course. Bitcoin will be much more convenient for corruption, because nobody is regulated and all greedy people will use it.
Corruption doesn't require anything to lead. Bitcoin due to its anonymity makes ease of the corruption process. Even without bitcoin most of the country governments and politicians are much corrupted. So when bitcoin serves better governments and politicians who know about it won't oppose it as it benefits them. This will serve as an added advantage for us the users.
I agree and actually anything that offers anonymity is good for the people while at the same time it also offers criminals some ease. You cannot blame bitcoins for this though since if you do so there are lot of things that needs to be stopped first. Criminals are using mobile phones so let's ban that first and then they are using a lot of technology too, let's ban .. ah I see we are back to the olden age
Corruption doesn't require anything to lead. Bitcoin due to its anonymity makes ease of the corruption process. Even without bitcoin most of the country governments and politicians are much corrupted. So when bitcoin serves better governments and politicians who know about it won't oppose it as it benefits them. This will serve as an added advantage for us the users.
I agree and actually anything that offers anonymity is good for the people while at the same time it also offers criminals some ease. You cannot blame bitcoins for this though since if you do so there are lot of things that needs to be stopped first. Criminals are using mobile phones so let's ban that first and then they are using a lot of technology too, let's ban .. ah I see we are back to the olden age
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 it can. Why not? It is still the money. I would say that bitcoin is much more convenient for corruptionists, as long as it is impossible for any outsider to track down the transaction. If you avoid obtaining cash through your bank card and only use your unique BTC address - you can always be in the sidelines. So basically bitcoin can even promote extension of corruption. But it has it's pros though) 
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 bitcoin exist on my country in public, I think corruption will getting worse since bitcoin can't be tracked which become advantage for corruptor to move their money anonymously.
My country really against corruption and still not have decisive penalty for the corruptor although they have made our country loss more than $ 10 billion until now !
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 has a value or can be traded can be used in corruption, bitcoin is no different.
Since bitcoin can be sent or use anonymously(or almost) it is compatible to be used in bribery, laundering
illegal trading(black market trades) etc.. this feature gives advantage to any person who is going
to use it in such 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?
As what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to corruption.With all the tools available like the mixing services and the alike its easy to see why criminals will opt for bitcoin
but truth of the matter is Bitcoin can only aid not lead to corruption because it does leave a money trail and is not as anonymous as we thought it was ,which can leave proof of corruption on the blockchain and get you busted for it.
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?
As what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to 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?
As what you have said corruption is everywhere there are many people could corrupt bitcoins because bitcoin is like a real money, so there are some people who are addicted or has a greed to money that may lead to corruption.Bitcoin has many advantages, and public transactions will be biggest advantage for government to make use of. I'm sure we will be getting some revolution like this in near future.
what right the corruption that caused it, all of it only when the game is not funny
Jump to: