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.
This seems reasonable and reliable answer - opinion. And I think in my country is really seeable. Because politics in my particular country are very filthy and corrupted. They don't want crypto. 
Topic: Politicians fear cryptocurrency because it will stop corruption. - page 5. (Read 2424 times)
August 23, 2018, 07:14:16 AM
August 23, 2018, 05:18:27 AM
I think the cryptocurrency system is not entirely transparent, because even though we can see all transactions, the transaction is still anonymous so that it can still be used for corrupt practices such as money laundering
August 23, 2018, 05:07:27 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 think so that the politicians are afraid of cryptocurrency because it can stop corruption. CRyptocurrency can't really stop corruption and also it is more prone into money laundering as in cryptocurrency you don't have to reveal your identity.
August 23, 2018, 04:50:44 AM
It's not exactly true. The confidentiality of digital money more than paper money. This means that digital money can increase corruption. The only reason for their fears is that people will be free and this is not beneficial for the state and also people.
August 23, 2018, 04:25:27 AM
that it thanks to bitcoin to decrease it is possible, but I do not think that it will be stopped in all
August 22, 2018, 10:37:38 PM
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.
Even if bitcoin grow and prosper more or not if a government official is corrupt, then he or she still finds a way to do such thing. Corruption really exist with or without cryptocurrency.
They can corrupt a lot of money from the government and using the cryptocurrencies to hide this transaction. This is the reason why there are a lot of criminals that want to use cryptocurrencies since there are a lot of other cryptocurrencies that has a complete or fully give users anonymity. I don't know what will be the greater good but I don't want these politicians lurking up on the transactions and making their own private transactions to launder money and have a lot of other transactions to terrorists or bad groups.
August 22, 2018, 10:29:16 PM
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.
Even if bitcoin grow and prosper more or not if a government official is corrupt, then he or she still finds a way to do such thing. Corruption really exist with or without cryptocurrency.
how many wallet and address they have right? I thought it would be a double-edged knife. it might reduce but it might add corruption
August 22, 2018, 10:08:12 PM
i think it is not the currency itself that politicians are afraid of, i think the essence of blockchains and the nature of being decentralized is what they are afraid of. there are even politicians that are into cryptocurrency trading, there are celebrities that jumped into trading, soon almost all system will adapt the blockchain technology such as payment system, banking system, but this is way too early to predict, blockchain technology is still in debate over many countries, for it to penetrate the mainstream, all nation should first adapt it, if not, then this will remain a stigma.
Yes, mate, I agreed with your statement, they afraid bitcoin because they think that this will be the big competitor to them against the government because of being decentralized bitcoin they are afraid. But there are some others didn't afraid on bitcoin they used this to hide their liabilities and asset in order not to pay taxes. In this case yes maybe bitcoin used to hide the corruption. August 22, 2018, 09:57:16 PM
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, decentralization.I think that's the reason why there are still many countries that don't accept bitcoin, they are obviously afraid of that. it's the same as turning off their steps to commit corruption.
August 22, 2018, 09:23:37 PM
It can not stop anymore corruption because it depends on the people who seated in government. They not afraid to do so because they have position. They used their position to earn easily. And the citizen on their country will suffer them because the taxes that given to government was useful.
When the bitcoin will legalize in certain country, they need accept first the program of the bitcoin and change how they view in certain topic specifically crypto or bitcoin
When the bitcoin will legalize in certain country, they need accept first the program of the bitcoin and change how they view in certain topic specifically crypto or bitcoin
August 22, 2018, 08:55:31 PM
i think it is not the currency itself that politicians are afraid of, i think the essence of blockchains and the nature of being decentralized is what they are afraid of. there are even politicians that are into cryptocurrency trading, there are celebrities that jumped into trading, soon almost all system will adapt the blockchain technology such as payment system, banking system, but this is way too early to predict, blockchain technology is still in debate over many countries, for it to penetrate the mainstream, all nation should first adapt it, if not, then this will remain a stigma.
August 22, 2018, 08:46:11 PM
Blockchain's can be used in all manner of ways the at least suppress corruption. Think of it in the case of voting. There's obviously a real agenda amongst some to control or manipulate voting procedures. If votes were transparent, private, immutable and automatically allotted we'd have a far more trustworthy system of voting. That's just one of the simple ways DLT's can be used for good.
Granted, separating state and currency would be a huge victory for freedom, but if we start with more manageable items it's only a matter of time before we move on to bigger things.
Granted, separating state and currency would be a huge victory for freedom, but if we start with more manageable items it's only a matter of time before we move on to bigger things.
August 22, 2018, 08:21:17 PM
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.
Even if bitcoin grow and prosper more or not if a government official is corrupt, then he or she still finds a way to do such thing. Corruption really exist with or without cryptocurrency.
August 22, 2018, 08:12:29 PM
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.
Even if bitcoin grow and prosper more or not if a government official is corrupt, then he or she still finds a way to do such thing. Corruption really exist with or without cryptocurrency.
August 22, 2018, 07:18:46 PM
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.
They can fully rely on blockchain and other cryptocurrency to hide their dirty money from kickbacks and fraud on government projects.
Most of them can easily evade tax with the use of it. It's also has a major drawback in politics they can easily sneak all their corruption revenues into a wallet and no one will suspect them.
August 22, 2018, 06:58:07 PM
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.
This thread's very interesting to talk about if the existence of cryptocurrency's related to corruption activities, you are right OP. Maybe, this's the main cause which makes them further to insist on ignoring the existence of cryptocurrency. It seems they are very worried if their activities in the future will be uncovered and can be known by the public.
IMO, corrupt politicians are criminals who are at the same time enemies of the real state and not those who use/adopt bitcoin.
August 22, 2018, 06:31:04 PM
In my own country politicians are not afraid of cryptocurrency as they have/ has other means of laundering money, money stolen through corruption can be saved through other meas to be be transmitted. many will prefer to have there token ,if hackers/scammer still exist in the space for few everyone will be scared f the crypto space.
August 22, 2018, 06:13:58 PM
Yes.Cryptocurrency transaction are very transparent and easily identifiable.They can't do corruption with the cryptocurrency.This may be the reason for politicians against cryptocurrency.Consider the government had funded 0.5 btc for certain scheme.You are accountable to the government of the funded amount.If the amount is dollars,they can easily do malpractice.In bitcoin transaction,they can't escape from each transaction.
August 22, 2018, 12:48:40 AM
Yes, politicians and people in the government are not into crypto because of the transparancy in nature. Most of the politicians make transactions with taste of corruption one way or another. Bigger or smaller. They admitted or not, it is the culture of politics.
With every passing day, we are experiencing more advancement in the technology and that we are experiencing much better things which can then help us in having a better living. This introduction of the crypto currency is also one of the things which can serve us in the best possible manner to give us a chance to have much better life and that to get a chance to make more money.cyptocorrency is anonymous, you don't know the address of coin the politicians they have right? I think they are just happy with crypto
August 22, 2018, 12:09:55 AM
I agree!
This is one hell of a reason that why the politicians aren't really ready to accept the crypto currencies. Cryptos are decentralized in nature. Politicians are smart and know that if they let the financial autonomy go out of their control, they will lose the way to mint money by corruption and other such ways.
Now if we have such politicians comprising the government, then how is gonna the country progress towards development?!?
This is one hell of a reason that why the politicians aren't really ready to accept the crypto currencies. Cryptos are decentralized in nature. Politicians are smart and know that if they let the financial autonomy go out of their control, they will lose the way to mint money by corruption and other such ways.
Now if we have such politicians comprising the government, then how is gonna the country progress towards development?!?
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