of course I agree with you! Politicians are now afraid of the crypto currency, in fact it will make them safer in corruption.
right now, banks and elites pay politicians to take steps to stop the movement of crypto-conversions, especially bitocoins.
Topic: Politicians fear cryptocurrency because it will stop corruption. - page 8. (Read 2424 times)
July 26, 2018, 11:13:33 AM
July 26, 2018, 11:01:48 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.
Well, I do not think politician can not used bitcoin in corruption, maybe it will be one of their tool to do it though. Hopefully they are not. Its a big trouble for bitcoin community if this thing happened, because it will be of the reason why some countries will not accept it anymore and the government will be banned it forever.
July 26, 2018, 10:48:57 AM
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.
I believe that they use cryptocurrency in corruption for not so long because if their country would be regulating cryptocurrencies then it every transactions and huge amount of money he hide using crpyto would be in question by the government.
July 26, 2018, 10:47:44 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.
Politicians are actually corrupted and they did not want the people in the community to become wealthy so they are afraid of the growth of cryptocurrency since people will prefer to work at home more than in the corporate world.
July 26, 2018, 09:46:38 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 agree about it because the government will be easier to see transactions given to the village funds or the like, because their wallets are known and also transparent. hero member
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July 26, 2018, 08:33:22 AM
I'm not the type that believed the politician fear cryptocurrency because it will only stop corruption cause crypto currency is more than that and what the politician fear most is the anonymity nature of cryptocurrency. Besides, they also fear cryptocurrency to make us and them equal cause cryptocurrency have the keys to national liberation.
July 26, 2018, 04:17:46 AM
This is true that the cryptocurrencies will stop the corruption because there is no way that they can corrupt the money of the people because the cryptocurrencies are transparent and because of that opportunity to have a transparent kind of system then the citizens or the people under those politicians can just see the transactions and identity and impeach the corrupt politician.
There is transparency in cryptocurrency and it helps prevent money laundering. Not all politicians are corrupt, and if that's the case there's nothing to be afraid of if they sincerely perform their duty. In its effect, politicians will be more careful and would treat their job with utmost respect, humility, and I believe that it is of great advantage for them to religiously execute their responsibilities. July 26, 2018, 03:40:10 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.
Yes it may be that politicians are afraid to know every money to enter their accounts. Surely they will not be able to do bad things to get some money from our taxes. So it happens that they will oppose the crypto currency and try to make issues so that it can not be approved to become official currency of the entire country. 
July 26, 2018, 01:42:57 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.
In my own opinion, it was normal for politicians to be scared on cryptocurrency because they are corrupted and people will gain wealth over them.
July 26, 2018, 01:35:09 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.
That’s a lie. There is corruption already but I don’t think that Bitcoin can end it in any way. Despite that Bitcoin is transparent in some ways, I don’t see it as a good option for any country. It will even lead to more corruption cause it will. Make it even more easy for corrupt leaders to steal from their countries. If Bitcoin wasn’t that bad then why are hackers and dark web users making use of it. 
July 25, 2018, 10:16:55 PM
This is true that the cryptocurrencies will stop the corruption because there is no way that they can corrupt the money of the people because the cryptocurrencies are transparent and because of that opportunity to have a transparent kind of system then the citizens or the people under those politicians can just see the transactions and identity and impeach the corrupt politician.
Yeah we know it, transaction is transparent, bitcoin transactions can be seen on the blockchain network, but you know how easy it is to create a new address and you can have hundreds of addresses and anyone will not know that? corruption can still be done from that gap..
July 25, 2018, 09:01:01 PM
Different understandings because cryptocurrency will make it easier for them to do money laundering, data transparency only applies to transactions leading to financial assets in the bank, if the turnaround between wallets will not be easy to track, I think this is a misunderstanding, unless the government is able creating a system that keeps all crypto data tracked perfectly.
July 25, 2018, 08:50:47 PM
This is true that the cryptocurrencies will stop the corruption because there is no way that they can corrupt the money of the people because the cryptocurrencies are transparent and because of that opportunity to have a transparent kind of system then the citizens or the people under those politicians can just see the transactions and identity and impeach the corrupt politician.
I really wanted blockchain technology to be implemented in the government system so that funds can be traced and those politicians that are handling the money cannot just easily escape the eyes of the people since it would be transparent then. I hope each of the department would have a designated wallet then so that transactions would be easier to trace.
One of the reasons a country doesn't improve is because of the politicians that are greedy for money and power that's why they are spending too much during elections so that they can get the vote of the people. If the system is transparent then, the corruption would be traced and people deserve to know what's happening with all the tax they have paid.
July 25, 2018, 08:14:50 PM
This is true that the cryptocurrencies will stop the corruption because there is no way that they can corrupt the money of the people because the cryptocurrencies are transparent and because of that opportunity to have a transparent kind of system then the citizens or the people under those politicians can just see the transactions and identity and impeach the corrupt politician.
Yep, you are absolutely right and I also discussed this theme with my friends some time ago and we also came to the conclusion that crypto technologies are dangerous for politicians especially in the aspect of transparency. Unfortunately political systems are usually build on lie and that is why crypto technologies are not so suitable for politicians. I am sure that private business will appreciate the benefits of crypto technologies and mainly business will be the polygon for crypto technologies
crypto currency can't stop corruption and politicians not fear crypto but crypto can be use to money laundering it may will make corruption grow because they can hide their money in crypto and it is the one of the reason why many countries banned bitcoin.
Corruption is not a problem that can be solved easily, cryptocurrency is not a tool that can be used to destroy corruption, instead it will open the way for corruptors to save dirty money, because decentraliztion system is quite safe and can not be supervised by the government.
For me, even cryptocurrency will totally implemented and legally endorsed by governments globally, the word corruption will still exist, and I think corruptions will grow more when cryptocurrency legalize, but for now that cryptocurrency is decentralized system, corruptions is not directly enter on cryptocurrency business.
Yes, that's the absolute reason did you not want Bitcoin to be established because they do not want that their transactions go public. Recently do not care about the security but they are much more careful about the transparent network because all the transactions are visible to all of the people and any type of message can be sent using the blockchain network so where a lot of transactions which are harmful if known by the normal public. That's why they all hate it and avoid using it.
It seems to me the main reason why the state loses cryptocurrency is the loss of control over the economic sphere. Since the nature of bitcoin is contrary to the nature of statehood.
Well if regular people can take advantage of cryptocurrencies, why can't politicians? I mean, it's anonymous nature cam be of well used for corruption. Let:s face it, as it stands, we can't run from corrupt politicians running our country.
Because normal people can't be corrupt. To be corrupt you first have to be a person of power, a policeman, politician, judge, or any other civil servant. Money that leads to abuse of the powers given to you by the voters makes you corrupt. If a normal person uses BTC to gain advantage, hide income, leave the country, it's not that great, but when a politician does the same it not only abuses the trust given to him by the people, it kills the trust in the system and through it it kills the system itself. Corruption ultimately leads to loss of power and anarchy.
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