Quote from: Asmonist on November 02, 2017, 12:22:18 PM

Quote from: speem28 on April 11, 2017, 05:02:34 PM

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 its minimal compared to our local currencies. As for my opinion, transacting or investing it bitcoin is individual's career. There are maybe corruption but I guess its more on the fear of someone who can manipulate its processes. As I've said bitcoin is somehow an individual career or personal achievement to do greater to gain more rather than corrupting money to anybody else's income. Every user monitors his/her bitcoin account movements and its so transparent. Unlike in our paid taxes and other government fees that we don't know the whereabouts other than the usual projects we see. Corruption is a dishonest or illegal behavior especially for the powerful people.

Yes definitely bitcoin will lead to corruption.Since no taxes can be applied on bitcoin,there can be cases of fraud.Also no government or any central bank has any control over bitcoin,so the criminals can use bitcoin to pay for their deeds.It can be used by many politicians too for circulating their black money.No one can track your money in bitcoin.Details are only knwon bt the donor and receiver.