Post
Topic
Board Economics
Re: Can Bitcoin also lead to corruption ?
by
wRex
on 26/10/2017, 17:05:21 UTC
We all know that there is corruption everywhere, like in government or any other organization. Because of money, corruption can always happen with greedy people who always wants more money to them. Since bitcoin can be considered as money, can it also lead to corruption?

I think Bitcoin is very supportive to abuse, because Bitcoin does not have an account holder's identity just a blockchain address, not controlled by a central bank of any country, no limit to its transfer limit, no verification required, very fast transfer in seconds. Some sources say as long as Bitcoin or cryptocurreny is not melted into the currency of a country will not be revealed the identity of the owner. Hopefully Bitcoin and other Cryptocurreny are not used to transfer money from corruption.