Well i don't think that's their reason to fear cryptocurrency. Even in fact, doesn't cryptocurrency will make it easier for them to corrupt? We know that cryptocurrency is anonymous and hard to track, so it will be easy for them to vanish the track if they corrupt with cryptocurrency.
And even, i think cryptocurrency can give them many advantages though.
But still i'm not really sure what make them fear crypto, other than those cliche reasons like it's threathening and bad for the country's stability.
Topic: Politicians fear cryptocurrency because it will stop corruption. - page 13. (Read 2438 times)
yes, I also think like you, they fear if the government uses blockchain to record all the activities of the country. they will not be able to corrupt again, this fact is very unfortunate
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 it's no, because when it comes to be corrupted principles many different ways specially this type of method wbich is crypto currency easy to use and easy processed specially for transferring of fund. We can not sure that politicians not doing something corrup because of fastest way of payment transfer.
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
Politicians are not afraid of crypto. It's just something they can not accept for now. Different areas of use are confusing. Mostly they can not accept terrorism because it is financed and used in jobs like money laundering.
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 only because of corruption, but also due to not having power over bitcoin or other crypto currencies. That is why they are trying to regulate crypto currencies, so they can indirect have control over the currency.I would like it to somehow help stop the corruption. But judge for yourself, most likely this is not possible. I will explain my opinion: Blockchain is a continuous sequential chain of blocks , which contain information, built according to certain rules. Accordingly, for example, if we order to bring all financial income of people to the register, give each wallet that will be registered in this register, we will see official figures. But the problem will be in another, any person will not have the trouble to create another purse and accept black money there. But there are other options for solving the problem of corruption. Honest presidential election, perhaps soon will apply the technology of blockchain to conduct transparent elections. State purchases, too, in theory can take place on the technology of blockchain. Accordingly, anyone can check this or that information. But my opinion will remain the same, the blockchain will affect corruption, but it is unlikely to eliminate it.
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.
I dont think cryptocurrency will stop corruption.Yes they fear of cryptocurrency but I doubt if it is because of corruption instead they fear that economy of a country will get affected and of course they fear that their businesses will get down.
Yes they are because of the decentralized nature of cryptocurrency where the people who are using it have the power, however remember that in every system there will be a loophole. For instance it can be the security factor of cryptocurrency that they can take advantage of as they can send a large sum of money with out any traces from where it has come form and it can be used in almost anything to buying drug to weapons as what some people do in the black market.
I would like it to somehow help stop the corruption. But judge for yourself, most likely this is not possible. I will explain my opinion: Blockchain is a continuous sequential chain of blocks , which contain information, built according to certain rules. Accordingly, for example, if we order to bring all financial income of people to the register, give each wallet that will be registered in this register, we will see official figures. But the problem will be in another, any person will not have the trouble to create another purse and accept black money there. But there are other options for solving the problem of corruption. Honest presidential election, perhaps soon will apply the technology of blockchain to conduct transparent elections. State purchases, too, in theory can take place on the technology of blockchain. Accordingly, anyone can check this or that information. But my opinion will remain the same, the blockchain will affect corruption, but it is unlikely to eliminate it.
I don’t see how it will stop corruption. Corruption is rooted from greediness and I believe that politicians will continue to become greedy despite of the presence of cryptocurrency. How will that stop them from abusing their power and authority? They don’t fear crypto because they actually have the power to declare a ban. You probably heard some negativity from them because of how much money it generates and they’re probably just jealous of the people exploiting it when they’re the ones who should be able to exploit it for money.
Obviously, politicians are fear to this decentralised cryptocurrency. But they are all invest in centralised Cryptocurrency government is supporting to politicians because they only control the government so centralised platforms are favour by politicians and Bitcoin is rule the crypto market so they are all fear in this platform.
Politicians are nowt afraid of cryptocurrency, actually this will made them more safe in having corruption.
it is just now that banks and elites are paying politicians to make steps on stopping the movement of cryptocurrencies especially bitcoin.
as this is a thread for them and a start for all the people to control the currency.
it is just now that banks and elites are paying politicians to make steps on stopping the movement of cryptocurrencies especially bitcoin.
as this is a thread for them and a start for all the people to control the currency.
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.
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