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Topic: Can Bitcoin also lead to corruption ? - page 94. (Read 51258 times)

hero member
Activity: 966
Merit: 552
April 12, 2017, 12:10:58 AM
#30
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?
Basiccally yes it is can, because of bitcoin can be anonymous with bitcoin mixing service
although i don't agree if bitcoin be used for money laundering of corporations
because bitcoin can be considered as place of criminal, it will makes slow growing up bitcoin.
hero member
Activity: 1036
Merit: 500
April 12, 2017, 12:08:04 AM
#29
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?

How!? May I know if corruption is only for government? And If they corrupt using bitcoin. How? We all know that when you send bitcoin you have TxId which is like an online receipt, so how they can corrupt in bitcoin ?
full member
Activity: 201
Merit: 194
April 12, 2017, 12:01:11 AM
#28
Bitcoin is considered money but this fact don't promote the corruption, humans will always be corrupt with any type of money doesn't matter if is a cryptocurrency or fiat, the problem is it bitcoin it's private itself and maybe can facilitate acts of corruption.
hero member
Activity: 1176
Merit: 501
April 11, 2017, 09:06:13 PM
#27
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?

In theory it's the other way around. Since all transactions are public everyone can check where their goverments spend money, how much money is spent, the date,etc. It´s like an open book where everyone can check the public accounts.
sr. member
Activity: 504
Merit: 250
April 11, 2017, 08:35:15 PM
#26
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?

Well, it is not bitcoin that leads to corruption in that case. It is people's greediness, which is innate and we cannot control.

People can use any currency to be corrupt. People use bank accounts, cash, gold, silver, wine, a whole range of things. Whatever they choose, it is their decision. It is not like the bitcoin community or satoshi suddenly just decides to promote bitcoin as a way to be corrupt.

But bitcoin is anonymous, making it easier for people to be corrupt over country borders. That would be true.
hero member
Activity: 630
Merit: 500
April 11, 2017, 08:30:38 PM
#25
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, I think yes because eventhough bitcoin is a alternative money that many people use, it has a value that incrrasing. If a person fall in the stage of being greedy I think he will act something strangely of course to get many many bitcoin. Nothing will ever know because sometimes those people who are corrupt is the people who has a power in a certain country. Many people know that situation. So for me, It a yes!
I don't think so mate, people have power to make their btc intact in their online wallet and also bitcoin is not government regulated no politician can hold the bitcoin of each person or users. Even bitcoin will banned in your country you have an option to continue collecting using VPN to earn money or stop it because if you got caught you will be in jail.
sr. member
Activity: 882
Merit: 260
April 11, 2017, 08:09:47 PM
#24
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, I think yes because eventhough bitcoin is a alternative money that many people use, it has a value that incrrasing. If a person fall in the stage of being greedy I think he will act something strangely of course to get many many bitcoin. Nothing will ever know because sometimes those people who are corrupt is the people who has a power in a certain country. Many people know that situation. So for me, It a yes!
legendary
Activity: 1218
Merit: 1007
April 11, 2017, 07:34:00 PM
#23
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?
Anything can lead to corruption, I don't know why this would be posed as a question. You can corrupt anyone with something they want, whether it be money or something else. It never has to be based entirely around money, or Bitcoin for this manner.

Bitcoin probably has more corruption potential than other mediums of value, but for now I'll try to be more idealistic than that.
legendary
Activity: 1666
Merit: 1001
April 11, 2017, 07:30:25 PM
#22
Corruption can happened because of the person personality like greed or lack of moral, so it don't depends on the currency or the item, as long as the item is valuable, it can be used for corruption, but because bitcoin is hard to track I think it can be favourite currency to lead to corruption
sr. member
Activity: 434
Merit: 250
April 11, 2017, 05:34:31 PM
#21
Corruption with bitcoin is even more easy.There is no refund option with bitcoin so we cant get our stolen money  back if we didnt get colaterral or If he is maybe from same coutry like as and we can proof that but it is really hard to proof it.Also bitcoin is anonymously so nobody cant track it so it is easy for use for mafia.
You are right, Corruption with bitcoin is easy as you said. So people can do a lot with cryptocurrency as it's not tracked and most bitcoin wallets without ID. So as a result you can control bitcoin as you want without any risk of use.
copper member
Activity: 1050
Merit: 500
April 11, 2017, 05:32:56 PM
#20
I think there are a lot of definitions of the word corruption in the dictionary and I think, Bitcoin can lead to corruption based from the definition that I know. Corruption for me, is when people use something but that something is not for that people but for other purpose or other people, though in bitcoin it can be called on another word. For example, I am running a signature campaign, lets say it is A signature campaign. My campaign manager is X and been my partner for 6 years. I trusted him so much, that I put the whole 10 bitcoins to the address of the campaign. After that I didn't hear about him or what happened to my bitcoins, as far as I know, he run off with my bitcoins, and used it not the way it will be used.

You can just simplify it by saying, to exploit people and or do that is immoral. 



Definitely  anything that can bring power or trigger greed can corrupt people.  Bitcoin like money is no exemption.  Bitcoin can give people power, financial capability, and fame.  If a person cannot get enough of these with Bitcoins then he can turn into a corrupt person exploiting everything he can to get more of what Bitcoin offers.
legendary
Activity: 1106
Merit: 1000
April 11, 2017, 05:14:52 PM
#19
Human have greedy character inside, the corruption there will always be.
Bitcoin designed as decentralized currency with transparent ledger, every transaction tracked and show to public.
Let say government used bitcoin, is there any chance have a corruption? Yes. It's all depends on the government system, it's means how they manage the address for every funds, manage address for every people, and how they track them, they can utilize bitcoin system network.

Corruption is human error, greedy and system failure.

I think there are a lot of definitions of the word corruption in the dictionary and I think, Bitcoin can lead to corruption based from the definition that I know. Corruption for me, is when people use something but that something is not for that people but for other purpose or other people, though in bitcoin it can be called on another word. For example, I am running a signature campaign, lets say it is A signature campaign. My campaign manager is X and been my partner for 6 years. I trusted him so much, that I put the whole 10 bitcoins to the address of the campaign. After that I didn't hear about him or what happened to my bitcoins, as far as I know, he run off with my bitcoins, and used it not the way it will be used.

I think that's called as scam/fraud.
AFAIK corruption is used in government environment, who abuse an asset/wealth/position.
sr. member
Activity: 253
Merit: 250
April 11, 2017, 05:05:49 PM
#18
Corruption with bitcoin is even more easy.There is no refund option with bitcoin so we cant get our stolen money  back if we didnt get colaterral or If he is maybe from same coutry like as and we can proof that but it is really hard to proof it.Also bitcoin is anonymously so nobody cant track it so it is easy for use for mafia.
legendary
Activity: 3262
Merit: 3675
Top Crypto Casino
April 11, 2017, 04:55:02 PM
#17
The answer lies on the surface.
legendary
Activity: 924
Merit: 1000
April 11, 2017, 04:42:17 PM
#16
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 set of computer codes that allows peer-to-peer payment. It has no concept of corruption. Corruption is done by human beings behaving without morals - basically the criminal riff-raff types.
hero member
Activity: 588
Merit: 500
April 11, 2017, 04:31:50 PM
#15
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 and it is wrong to consider bitcoin as responsible for corruption as we can see that corruption is present everywhere more before existence of bitcoin.
hero member
Activity: 1722
Merit: 528
April 11, 2017, 04:17:47 PM
#14
I think there are a lot of definitions of the word corruption in the dictionary and I think, Bitcoin can lead to corruption based from the definition that I know. Corruption for me, is when people use something but that something is not for that people but for other purpose or other people, though in bitcoin it can be called on another word. For example, I am running a signature campaign, lets say it is A signature campaign. My campaign manager is X and been my partner for 6 years. I trusted him so much, that I put the whole 10 bitcoins to the address of the campaign. After that I didn't hear about him or what happened to my bitcoins, as far as I know, he run off with my bitcoins, and used it not the way it will be used.
hero member
Activity: 490
Merit: 500
April 11, 2017, 04:13:15 PM
#13
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?
Just like the internet is used for good and the bad,Bitcoin can also be used the same.
Whether bitcoin exist or not,corruption would exist for ever.
With bitcoins,doing corruption would be much easier to do.
Bitcoin is mainly created for decentralization and some give it a bad name by using it for illegal activities.
legendary
Activity: 2954
Merit: 1153
April 11, 2017, 03:55:33 PM
#12
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 just a tool for payment.  It is simply a code that enable us to have a peer to peer transaction.  Good things or bad things depends on the person who is holding Bitcoin.  A person can use Bitcoin to hep other people while it can also be used to ruin one's reputation.  When people forget morality and hungers for more power with Bitcoin then yes it can really lead to corruption.  Just observe what is happening around the Bitcoin environment and you really know when people desires for control of Bitcoin, the desire can lead them to corruption.
sr. member
Activity: 756
Merit: 253
April 11, 2017, 03:47:46 PM
#11
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?

Of course, so long as Bitcoin remains precious and valuable not everyone will pursue it with a clean mind and so I can believe there can be elements of corruption that surrounds Bitcoin.
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