Topic: Is Bitcoin the way to fight corruption? Or is it the good way to launder money? - page 4. (Read 1724 times)

People always find a way of botching good things. Bitcoin and blockchains in general are very transparent. Our banking system requires too much trust tbh.

The oly barrier to entry is how complex bitcoin can seem to a beginner lol.

I don't think you can fight with corruption by using bitcoins. either cash or crypto, dirty people will be dirty anyway. as far as the mindset is the same, result will be same imo.

Money laundering is happening now through Fiat. This is not a problem. In my country the corrupt use bitcoin to launder their income. They declare that bought bitcoins a long time and the present condition is acquired due to the difference in price. But they pay taxes. If they do it via Fiat then everything goes by the Treasury. Which is better?

I also have to agree because I don't see bitcoin as something that may combat corruption, but it is a tool that may encourage corruption such as how money is. In ways, it may be used to avoid acts of corruption or encourage it such as money laundering and other illegal activities. It ultimately would depend on the user and their values and morals. It's the same with money - it may be used for corruption but its up to the user.

Realistically it would be used illegally because any anonymous could use it and it is one of the main reasons why  government are against and making claims that it is some scam or a failure in the future. Honestly I could understand why they wouldnt want to allow transaction in there own country. But economically it could help also to at least increase earnings by a state.

Bitcoin is the only currency. It doesn't help and is not fighting corruption. It's not her job. It is wrong to blame the weapon is that it kills people. Initially it was created to protect. Charges of crypto-currencies is that they corrupt this element of the information war, governments and banks against a free economy.

I do not know how to fight corruption with the help of bitcoin. However, with the help of bitcoin, you can avoid paying taxes, laundering dirty money and committing other crimes. However, this can not in any case be accused of bitcoin and other crypto currency. Almost everything can be used for both good and evil.

Retaining anonymity on the BTC blockchain is a non-trivial matter, especially if you're a person of interest such as politicians may be.

Either way BTC is more transparent than traditional banks will ever be. With traditional banks you have to trust auditors. With BTC the public can audit themselves. No special treatment for government agencies trying to find specific individuals, everyone's on a level playing field. That alone is in my opinion already a winning argument for BTC over traditional banking.

What does bitcoin have to do with corruption? It seems to me that the government is spreading such rumors to blame it all on bitcoin and stop its spread. Corruption does not live by currency. This is a manifestation of the unperfect legislation. The fault lies entirely with the government.

In every society, corruption is a part of the economy. We hate it, because we know how it can negatively affect a country in long term. For those who do not really care about politics, you can read this article and imagine how corruption is going to mess up your children’s life and the life of the latter generations.

“Corruption affects us all. It threatens sustainable economic development, ethical values and justice; it destabilizes our society and endangers the rule of law. It undermines the institutions and values of our democracy. But because public policies and public resources are largely beneficial to poor people, it is they who suffer the harmful effects of corruption most grievously.

To be dependent on the government for housing, healthcare, education, security and welfare, makes the poor most vulnerable to corruption since it stalls service delivery. Delays in infrastructure development, poor building quality and layers of additional costs are all consequences of corruption.
Many acts of corruption deprive our citizens of their constitutional and their human rights.”

You can read more at:
http://www.corruptionwatch.org.za/learn-about-corruption/what-is-corruption/we-are-all-affected/

One of the reason I love BTCBitcoinBTC so much is the fact that this type of Blockchain-based currency, at first glance it’s just looked like an anti-corruptors currency for the people. BTCBitcoinBTC is secure, fast, low in fees and transparent.


But does BTCBitcoinBTC the REAL solution for anti-corruptor?

YES and NO.

Yes, the transparent part seems like a bad idea for someone who has the intension of having/doing questionable acts.

But the anonymous part, on the other hand seems like an even GREATER idea for those corruptors.

I love to listen to your opinion about this topic.   

Hail to the Blockchian