Post
Topic
Board Economics
Re: Can Bitcoin also lead to corruption ?
by
brainape
on 31/10/2017, 23:42:02 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 it can lead to corruption when the government will include on it. Because money are involved corruption is not possible in every economy.
It's not only the government can do corruption, even simple individual can make this kind of activity if they really aim to do so.
Bitcoin is just a payment system and it would not function if we will not use it, in short it's a tool so if we make illegal transactions using bitcoin, that is our fault and not on the system.
Blaming the gun for murder instead of the shooter is wrong. It is a very basic common sense and even crystal clear to a blind person. It is not the assets that produce corruption but the mean minds of politicians who are mere puppets in the hand of powerful ones like Rothschild, Nazi etc.

In addition to this, bitcoin is a savior. It has given freedom to common people. Nobody can snatch public’s money by heavy taxing.
I must appreciate your logic of reasoning. There is no way that we can blame bitcoin for being used in any kind of illegal activities or stuff like that. In fact, it is the faults of the ones who are having bitcoin in their pockets and who are actually encouraging use of bitcoin and other crypto currencies in such kind of activities. Bitcoin itself is a very profitable thing. We actually need to use it in a right way.
Obviously, the fault is on the side of users not the currency itself. It is us who are misusing bitcoin and destroying its image around the world otherwise those who have used in right way are now millionaires or earning decent amount of money with bitcoin.

Bitcoin is just like other currencies and even before bitcoin, corruption was there and people do corruption even with paper money.
It is us who are abusing bitcoin and crushing its picture the world over generally the individuals who have utilized as a part of right way are currently tycoons or gaining better than average measure of cash with bitcoin
I don’t think so but people observe a lot of people I am sure they will find a way to use bitcoin for corruption but I think this will need a full process and no one will ever spend time etc on this simply they need to use and earn bitcoin through with their hard work and investment in bitcoin.