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.
Well, I don't think that politicians are affriad of Bitcoin and crypto currency in general because crypto currency is another way for them to hide their looted money of which they don't want people to know that they have such amount of money in their possession. If you see it on the other way you will come to realise that crypto currency at its current stage encourage corrupt practice. Example can be from all this scam project in the crypto community. 
Topic: Politicians fear cryptocurrency because it will stop corruption. - page 7. (Read 2438 times)
July 29, 2018, 05:44:47 PM
July 29, 2018, 05:34:39 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.
My country guys are loving to put their hands in the jar of honey and take it off and lick it, if you know what I mean. So cryptocurrency you can prevent it and this is the reason why my country is still passing. July 29, 2018, 04:09:42 PM
That might be true in some country tgat politicians fear with the use of cryptos , and might stop the corruptions, but it is only for a while that using cryptos minimize corrupt officials , because they are not yet familiar about cryptos ,but when time to come politicians knows already much about cryptos ,they will start to be corrupt again.
July 29, 2018, 03:35:01 PM
Yes! I agree with you. I support your opinion. I hate politicians. They are scammers. They just know how to steal money. Whatever they do, it is for themselves. They never think about people. First, vote for me and after go away. They are really corrupt. How do you want them to like cryptocurrency. They just cannot. They are afraid of it. It might change the whole world. But, no chance. Cryptocurrencies are our future.
Politicians are not there because they want to change their country or help it progress, they only want to get a steady paycheck and the opportunity to steal money out of the population that they should be helping, this is why people have a mistrust of politicians since they promise something and they never fulfill those promises but with bitcoin we will take a lot of power away from them and that is a good thing.The thing is that democracy as a system is built in such a way that in order to succeed there you have to possess a set of pretty dubious skills which sometimes imply relinquishing conventional moral values. That is also called negative selection.
July 29, 2018, 12:27:56 PM
Yes! I agree with you. I support your opinion. I hate politicians. They are scammers. They just know how to steal money. Whatever they do, it is for themselves. They never think about people. First, vote for me and after go away. They are really corrupt. How do you want them to like cryptocurrency. They just cannot. They are afraid of it. It might change the whole world. But, no chance. Cryptocurrencies are our future.
Politicians are not there because they want to change their country or help it progress, they only want to get a steady paycheck and the opportunity to steal money out of the population that they should be helping, this is why people have a mistrust of politicians since they promise something and they never fulfill those promises but with bitcoin we will take a lot of power away from them and that is a good thing. 
July 28, 2018, 11:40:19 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.
is there any particular reason how cryptocurrency can stop corruption? I do not think that is the main reason why politicians do not like bitcoin. There are numerous disadvantage if bitcoin is being legalized in a country, there were risks that may come out and affect many people if that happened. July 28, 2018, 11:38:44 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.
It is unlikely that politicians are afraid that the crypto currency will stop corruption. Mankind has been struggling with corruption for thousands of years and this struggle has so far proved useless. It will not be a panacea in the fight against corruption and decentralized crypto currency. Moreover, it is not applied in many spheres so far and so far there is nothing to be afraid of corrupt officials.The main reason why states, including politicians do not want to legalize the decentralized crypto currency, is that they will not be able to track down the financial side of their citizens' activities.
July 28, 2018, 11:30:10 AM
Politicians fear the crypto currency because it will stop corruption and due to the introduction of the block chain technology it ensures the security systems and its clarity so nobody can manipulate the entire systems so bitcoin is useful in many ways for the human being world wide and it is a corruption free coin and popularized world wide free coin.Usually the politicians scared of bitcoin and stop corruption of the bitcoin.due to the irregularities of their activities.
July 28, 2018, 10:30:14 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 really fear and this is expected to happen because through the blockchain network you cannot continue to promote the corruption and involve in money laundering in spite that it is anonymously carrying the transactions. Actually, this is the major reasons that many politicians are against the Bitcoin and other cryptocurrencies because of which they cannot take part in the corruption and i think this is the reason government are taking time for regulating the bitcoins in their respective countries.
July 28, 2018, 09:02:25 AM
Corruption of politicians in one country is really a big threat to the people who are expecting for their good services for their country where they belong. But,i have no idea or any reasons that can prove us that politicians can have fear with cryptocurrency,that it can stop them to their corruptions activities.
July 28, 2018, 06:07:29 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.
This is one of the funniest things I have ever seen today😂😂. Who told you that they are afraid of Bitcoin. I even saw one in my country talking about learning Bitcoin and getting into it to invest money and make profit. So they are not afraid of it. Assuming that Bitcoin becomes our currency the we are all finished, especially those living in developing countries, cause their leaders will use it as a means to steal from them. July 27, 2018, 12:27:59 PM
This is actually just because they have not seen a gap for them so they can do to corrupt, when they see there's a big chance to commit acts of corruption, many politicians will agree about the cryptocurrency.
July 27, 2018, 11:55:33 AM
I don't know about the statement but cryptocurrency's decentralization could help politicians to do anonymous transactions, if let's assume crypto would be the medium of transactions.
Rightful politicians might fear crypto for the corrupt ones to use. No law yet states that crypto is part of government officials assets for them to declare, right?
In many countries bitcoin is considered an asset and you need to declare your assets to the government, many people think that just because there is not a specific regulation in their countries they can get away with no paying taxes but that is completely false, however the real issue if in the future bitcoin is used all over the world is that corrupt politicians use bitcoin as a way to keep the money they stole since once they have that money in their addresses it is impossible to get it back without the private key of that address. Rightful politicians might fear crypto for the corrupt ones to use. No law yet states that crypto is part of government officials assets for them to declare, right?
July 26, 2018, 03:01:32 PM
Maybe cryptocurrency can do more than stop corruption, you can see corruption, excessive bureaucratization and unfair taxation as today's manifestation of the predatory nature of every historical state, in that case cryptocurrency, making most of these affairs very transparent or outright unnecessary can maybe lead to more fair methods of goverment, but it will be a long term effect of the technology's expansion.
July 26, 2018, 12:34:40 PM
Yes, when cryptocurrency technology has the potential to reshape global finance, politicians issue the opinions and talk about volatility, the potential for money laundering or other crimes. But I doubt it because I think that the open concept owned by cryptocurrency can be used (especially) in developing countries to follow the flow of money more effectively and reduce corruption.
July 26, 2018, 12:16:37 PM
I don't know about the statement but cryptocurrency's decentralization could help politicians to do anonymous transactions, if let's assume crypto would be the medium of transactions.
Rightful politicians might fear crypto for the corrupt ones to use. No law yet states that crypto is part of government officials assets for them to declare, right?
Rightful politicians might fear crypto for the corrupt ones to use. No law yet states that crypto is part of government officials assets for them to declare, right?
July 26, 2018, 12:00:34 PM
you are right, politicians are afraid because the work of crypto is decentralized.
if they use crypto as a tool of state interest, then greedy politicians are no longer free to corrupt.
if they use crypto as a tool of state interest, then greedy politicians are no longer free to corrupt.
July 26, 2018, 11:56:01 AM
They will still find something to work on, even if the crypt is accepted.
July 26, 2018, 11:23:10 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 not that smart, many of them do not even have the knowledge to understand what bitcoin really is about, they fear and hate bitcoin because they were told by their bosses, the banks, what they need to do and that they need to stop it, banks are smart and they understand very well that bitcoin if allowed to grow will be a disaster for them and their profits. July 26, 2018, 10:14:13 AM
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.
So, the transparency is blockchain, not cryptocurrency. Because blockchain shows all transactions with different nominal amounts and nothing is hidden in there. The conclusion is, cryptocurrency will not able to stop acts of corruptions, only implemented of blockchain technology in government will stop the corruptions. Jump to: