Topic: Can Bitcoin reduce corruption in governance? (Read 221 times)

Bitcoin has it own useful role and very important in the society, the government of the Africans are unable to provide their citizens good education, Job, and other social amenities, this Bitcoin forum is an helping forum to share and develop individual in various question and problems about life and how to become useful in the society.

The forum, also provide little or avenue for youths to develop and contribute their talent which some earn something to help themselves for their needs while been paid through successful admitted campaign when apply. So the youths have more hope for surviving here even as they have not been employed by the government, this will reduce the rate of crime by the youth in the society.

The cryto chain technology is a very well secure, for investing, saving and which can help build up for a good future for those who have the knowledge about the Bitcoin system and how it operate along with the importance. this forum is building and educating individual all over the world where various people across the global join knowledge and idea that impacts many lives today. In conclusion, the Bitcoin can reduce corruption if the governance can adopt a good secure and assured sytem like this chain technology and apply the necessary adaptation of this digital currency system BTC.

Well... sometimes we want miracles with bitcoin, like raising or improving economies, mainly on an individual level.

No, that is, corruption is a matter of individuals, a technology does not reduce corruption, it allows and makes it more efficient to know these parasites, it becomes easier to detect.

The corrupt will exist forever is in their political DNA.

Bitcoin is not the solution to everything and the solution to the information you provided here is blockchain, not Bitcoin. Bitcoin is the currency and don't forget that the crypto tumbler site can be used to prevent the transparency of BTC transactions.

This can happen through the adoption of decentralized blockchain services.

And do you really think that people come into government to fix things? No, people come in government for power and to abuse this power for their own personal benefits. Bitcoin uses blockchain and absolutely every btc transaction is recorded on blockchain, so, it means that every transaction of theirs will be available for everyone to see but definitely it's possible to make tracking very hard.
But the problem is that people in government can't control Bitcoin because of its decentralized nature, so, for power abusers, everything that's centralized, is very unattractive and something to get rid of.

Yes, of course, it is possible, so governments do not like Bitcoin because of its transparency and decentralization as well.

They want to control all the financial transactions of the citizens, but at the same time they want their financial transactions to be completely hidden from the public.

Therefore, corrupt governments do not want Bitcoin because it exposes corruption, and powerful governments do not want Bitcoin because it is decentralized and makes them lose control.

It would be quite difficult for this to happen because in the first place, both the government and this industry cannot really coexist that well yet. This is because bitcoin and its users want privacy and anonymity at least to a considerable extent like how it is now if not entirely anonymous while the government wants transparency and control over the things it governs in order to maintain order and safety (at least that's what they say as an excuse). The perspectives of both sides are just too far apart making them seem like water and oil. Who knows though, maybe in the future both sides would find some common grounds that would make both sides benefit giving equal compromises that are fair and acceptable for everyone. Until then, I don't think both sides cooperating would work out, let alone thinking about Bitcoin reducing corruption in the government. That is, if I'm not 6 feet under yet to witness that future.

Corruption is a part of human nature. Ain't kithing taking that away from humans except, someone with good morals haven't to chose to look above selfish interest and see things gor the greater good.

In fact, should the government sort out gor means of going private and silent in there corrupt practices, cryptocurrency might be some tool to aid them but the fact that bitcoin transactions could still be traced and should exchanges comply to request by investigators over fraudulent allegations, they will make sure to be wear.

So in your opinion the blockchain technology would not make much difference in those aspects? is what you are trying to say?
You have got fair points but even though I like blockchain and its applications on the real world to fight corruption, I can also recognize the challenges or weaknesses of it.

In the case of voting, this can be a system or which could be tested first in countries with high education and management of technology by the population, if the results are good then I would say that it would be worth it to educate people in developing countries about it, again I know that is a very unlikely scenario, but not impossible.

I'd say Blockchain that shall reduce corruption in governance and that is because if most of their transactions are viewable publicly through a public Ledger or Blockchain then that means that they need to spend and allocate budgets that are assigned to them to the programs that they need to put it. This is the power of the public people those want transparency but are we going to see something like this? Very unlikely, most of the governments are attached to the old way of keeping records and don't want to get some intervention with newest technology that could affect their personal matters and reasons.

Corrupt politicians would gladly make their earnings or even bank statement from their salary accounts public because fraudulent funds can not be kept there. They have different bank accounts hidden in the names of their relations and cronies. Some of them are bribed with cash f and they keep these funds in their homes and other secret safes. Others launder the money and create accounts in tax havens with fake companies. Politicians are fantastically corrupt.


This idea will be a welcome development because it could guarantee free and fair elections. But poverty and illiteracy will be the biggest impediment, especially in the developing nations. Common manual voting is a big problem for most people in my country, adding technology will disenfranchise many people that are not conversant with science and technology. This blockchain voting system might be very expensive and many countries will not be able to afford it.

Tehcnically blockchain tech could remove corruption, but when people talk about removing corruption they usually don't understand that it will need surveillance and that applies to everyone, not just the organisations they don't trust. And to use bitcoin blockchain as something as important as you said, it would require bitcoin / fiat pairs keep being legal, so that chain would have enough incentives for people keeping it secure.

Meanwhile permissionless and immutable transactions are poison to aml laws so i am not as sure about the future of it as people in here generally are. Thankfully transactions are transparent, otherwise we would have different set of problems in a different level.

Bitcoin is far from anonymous and how exactly moving "massive chunks of wealth" in permissionless way has anything to do with removing corruption?

First, you must get something clear, Bitcoin vs blockchain are two different things and from the title of this thread you mentioned Bitcoin but in the thread, you mentioned blockchain which os more appropriate for thos discussion, bitcoin may not be able to reduce or eliminate corruption in governance but blockchain technology can be use for a number pf things that could help eliminate corruption.

While some countries ban Bitcoin but accept blockchain technology since it can be used in several sectors of the economy to improve the overall performance of such sectors with highly verifiable and transparency dealings in those sectors that could eliminate corruption.

I'm afraid that as much as you think politicians use Bitcoin to perpetrate their fraud, they do not. Bitcoin uses a public ledger that can be seen by everyone and possibly traced, and they (politicians) also steal quite a lot of money, running into millions/billions which would definitely be difficult for them to convert when they need to (if it's held in Bitcoins). Thus they stick to their old ways of money laundering, which is to use fiat/cash, they can always hide as much cash in their well secured homes, or pull some strings with their local banks or even international banks, who'll be more than ready to accept the money without asking questions, afterall they need it to also fund their own personal trade.

It is not about a total eradication of corruption, but rather finding new mechanisms, technologies and techniques to reduce it as much as possible. We all are aware that even in the most transparent societies there are crooks who take advantage of the system. Even if some blockchain technology in your country does not end the corruption but rather reduce it 35% down, I would call that a victory and more encouragement to continue working on that topic. Don't you agree?

Yes, Bitcoin and Blockchain technology should provide a permanent solution to corrupt governments, and we will have transparency in all aspects of government; however, the question is whether the government will adopt the system to provide a permanent solution. No, because they do use the corrupt medium to steal some public funds.

I live in a country where corruption is pretty high, and where everyone with big money/big business knows that some of their money will have to go into the pockets of some shitty civil servant if they don't want to see their project put on hold for obscure reasons. I imagine that BTC would help them more than penalize them, as managing large amounts of money in BTC is much easier than with cash or shady bank transfers between two "companies" as they do here.

I don't think BTC can help in any way unfortunately, even if BTC allows the absence of a trusted 3rd party, and has a transparent ledger, it is not enough.

Corruption is like prostitution, as long as humans are human there will be corruption, in different forms, with different names, but it will always be there.

It is not by changing the method of payment that we will eradicate corruption, it is by changing human nature and that is not possible.

It is impossible for bitcoin to reduce corruption because corruption is from human mentality and activities. If the government is corrupt,and they know that bitcoin can reduce corruption, it will not be accepted by the government. This is exactly what is happening presently in our society, the government wants to have control over their citizens financial spending and some countries have chose to banned bitcoin because it wouldn't give them such access. Since bitcoin is only an alternative currency,the corrupt and oppressive government wouldn't adopt it because they can live without bitcoin. Bitcoin is only a digital currency used by man but corruption is an habit that has eaten up the bone of man. On the other hand bitcoin can also enhance corruption due to its anonymous feature.

If implemented with care the Bitcoin and blockchain technology can actually work very well to reduce the corruption levels in many nations. But it is not going to be useful to eradicate corruption from a nation as no technology can do that. The corruption is built into the minds of the corrupt people and unfortunately these days most democrats are corrupt by nature.

However, in some cases if blockchain technology is incorporated into a government system the probability of doing corruption in such nations might be a difficult job for those democrats. Specially if all the activities related to money should be done through blockchain. Incorporation of such system is not possible currently because those corrupt democrats hold complete power over the decisions of a nation.

Bitcoin is already reducing corruption all over the world , providing them with a secure anonymus way of transfering massive chunks of wealth at any time or place.

I am a believer that Bitcoin and other decentralized and open source chains can provide a platform which could help much against the corruption in many societies. The most obvious approach would be to mandate politicians and public servants to receive their salaries in Bitcoin or stable coins, make their master public keys public, so anyone can audit their holdings and the movements of their salaries.

Blockchain technology can also be used to make voting completely transparent, through an intelligent contract, people could vote using their own keys and the results could be open, transparent and completely auditable.

The challenges on this implementations would be on associating keys to one's identity and actually pushing so these standards become a reality, which is unlikely to happen in the short term, due to obvious reasons.

The corrupt do not have reasons to embrace anti-corruption mechanisms.