Politicians fear cryptocurrency because it will stop corruption. - page 12.

Semleho

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Quote from: LeGaulois on July 21, 2018, 11:35:53 AM

Corruption will always exist, with or without cryptocurrencies. Your point is invalid, especially since you didn't argument about the "transparency" of the cryptos. Also, if your point is the transparency, then what about the privacy-centric cryptos? Because

The observers are divided, some consider this to be good: as a population advance, others assume the trend will not last long.

People can see all of these things because of the inherent transparency of viscous bitcoin. Studies and research on bitcoin and blockchain that turn back is also quite scientific.

GirlBitcoin

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Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

I think the opposite of your opinion. I think politicians and business owners like Cryptocurrency. Because it is a place to help businesses and politicians launder money that nobody knows. We are completely anonymous and the number of assets we hold will not be known.

pekobites

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Politicians are the most corrupt humans on the planet
they would still get paid in some privacy crypto to sell our planet to corporations

CptWhsikeyjack

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Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Not exactly. It's kinda naive to think someone who wants to be corrupt will not find a way. Corrupt politicians or official can still take money through crypto itself. Whats stopping them from using a proxy server to mask IP address and a fake ID to get KYC and AML registration done and make all in transactions through monero or other privacy coins?

opg777

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But at least it will somewhat reduce corruption specially on under developed and developing countries. Say they are working on a project and has a fixed budget. We can get to see where the money how the money is flowing (money going in and out) publicly. So any misuse the budget can easily be traced.
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Yes, I explained some of my thoughts. It is not yet possible to completely prevent the corruption of the blockchain. Perhaps in the future we are technologies that will help to solve the problems with corruption, now while we can hope for a partial decrease in the percentage of corruption.

davis196

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Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

The "transparent nature"?!?Don`t make me laugh.The crypto industry is everything else,but not transparent.
It has the potential to become transparent,but this requires lots of efforts and investment in the blockchain technology.Politicians really don`t care about crypto.They get their bribes in cash,goods and serivces or real estate.How can the crypto world reduce corruption?There`s no way for that.Your thread is a total mess.

Idrisu

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Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Most of our politicians are corrupt and that is why we are having war, poverty and under development in our society. If you are from Africa or Third World countries you will understand what I am talking about. Bitcoin was discovered to give power to the individual in making financial decisions for themselves and be able to trust one another in transactions. Bitcoin can stop corruptions and I believe our political offices holders will not like it.

dificanovi

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I strongly agree if the crypto currency can stop corruption. I hope the corruption can not use crypto currency to do kejahartan. I hope every transaction can be traced so that corruption can be captured.

Janation

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Quote from: cityhall on July 21, 2018, 10:38:01 PM

Wrong. Bank system is easier to track the money. That's why corrupt politician and drug dealers didn't use bank transfer. So cryptocurrency won't stop corrupt politician.

That is right, corrupt politicians will not stop and do not fear crypto currencies. We all know that crypto currencies are the currencies being used to transact payments in the dark web.

There are a lot of crypto currencies out there that has a full anonymity unlike Bitcoin. People might think these politicains are scared of Crypto currencies but think again, it is decentralized and anonymous~great way to hide your transactions.

gowobonyok

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perhaps that's why some governments decide to fight crypto. from the beginning I already know that crypto will continue to be resisted by the government. because every transaction and also the incoming trx are recorded all in the blockchain ledger, so it's very easy to track incoming transactions. but its anonymous nature is also a little difficult to find out who owns the wallet.

Twentyonepaylots

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Quote from: qwirtiii on July 21, 2018, 08:32:15 PM

Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Politicians are hoping to help the people, to develop our country but eventually some of them they continue to overthrow the country. Because of the sharpening of its resources. They do not have enough of their receipts so they prefer to pick up they want or wealth of the country.
So I think ,they are afraid of the arrival of cryptocurrency because it do not have any taxes they corrupted and they can not get huge amounts of money in the govenment.

WE have different opinion on the above Topic, Crypto currency is Decentralized Digital Transaction on the Market. Politician maybe corrupt as generel perception but can also possible investors, we don't have a Demographic on who's who are into crypto currency investment. The government in the government are both Politician and Bureaucrat, They want to Regulate the Crypto transaction in the market in our country we belong, i really don't know on how we can assume that Corrupt Politician will be benefited by this Crypto transaction. Huh

?

cityhall

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Wrong. Bank system is easier to track the money. That's why corrupt politician and drug dealers didn't use bank transfer. So cryptocurrency won't stop corrupt politician.

batang_bitcoin

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Do you have any source about this? or you are basing this because of this Congressman proposes banning bitcoin at House hearing?

If you are referring to this, I've heard that this guy was paid to do this on congress.

Don't also generalized them, I think not all of them have time to study about crypto's but it depends on the current situation of their country about crypto adoption.

qwirtiii

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Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Politicians are hoping to help the people, to develop our country but eventually some of them they continue to overthrow the country. Because of the sharpening of its resources. They do not have enough of their receipts so they prefer to pick up they want or wealth of the country.
So I think ,they are afraid of the arrival of cryptocurrency because it do not have any taxes they corrupted and they can not get huge amounts of money in the govenment.

ReiMomo

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I don't think so because crypto currency will definitely going to reduce corruption but politicians will find a good way in cheating the people and earn corrupted money in crypto also because the corrupted head of the government is also corrupted. If the politicians come forward and stop corrupting people by themselves honestly, then there is a chance they or the country can stop corruption.

googs84

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Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

I don't know, may be I have different opinion than yours. Im pretty sure politicians are the one who must be very happy right now that crypto currencies does exits. Cheesy

Well that is giving them the way to hide lot of wealth that they are carrying with them under subway, under table etc etc. Shocked

Well, crypto currencies are transparent but they dont give us full information about who and from where the address was generated and whose holding it. Think about it twice.

The Sceptical Chymist

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Stating that politicians fear crypto is just unfounded speculation. None of them have actually said that, nor is there any evidence that it's true. In addition, cash is still way more anonymous than bitcoin and is infamous as being the vehicle by which corrupt politicians and other sleazeballs take their bribes and kickbacks and whatever.

I don't think most politicians even really understand much about crypto, much less have any sort of fear that it's going to put an end to corruption. That's just not the way they think, IMO.

hatshepsut93

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Quote from: mimienamphine on July 21, 2018, 08:01:39 AM

The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Transparency of most public blockchains is more of an unwanted feature rather than advantage, and major coins like Bitcoin and ETH are working on improving their privacy. And there are already coins with strong privacy like Monero, and it can be used for all sorts of activities, including corruption.

The real reason why politicians are scared is because they don't want average joe to have tools for having shadow income, in the current political system this privilege is reserved for the ruling class and their cronies.

Ucihashin

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politicians are just one of the many problems of rejection of crypto technology because the main enemy of crypto is banking and banker bankers who support bank banks worldwide

kive2k

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I wonder how this way of crypto currency can end corruption? I think it can be the other way around, for pumping money.

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