Quote from: DIMKAZDS on November 07, 2017, 03:19:44 PM

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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?

corruption can happen anywhere and anytime, especially if in terms of money, everything is in the individual

It all depends on the person who are having a major portion of bitcoins in their wallets. If they want to use bitcoin in any kind of illegal activities like that of corruption, then it is very much possible to experience this thing. Bitcoin itself cannot be used in any kind of activities. It is we, who has to decide where to use our bitcoin. We need to stop bitcoin from being used in such kind of activities.

Yes if bitcoin is used in any illegal activity that not the fault of bitcoin that totally depend on the user an before bitcoin corruption will be done through the cash so ban it also and now all the governments are also thinking to perform check and balance in transaction so that no one can use it in illegal way and bitcoin organization must have ti remove its anonymity so that serious crimes are avoided through it.

I agree with this, with the existence of the bitcoin, this will simplify the corruption is going to do. Because in this system it is extremely difficult to track even by programmers though. a person will not easily get evidence that could incriminate the corrupt. While the bitcoin himself mentioned that it is a virtual currency that is anonymous then there will be people who know and can be used without risk of it.

Yes definitely bitcoin can lead to corruption.Since it is not under the control of any government or central bank,it cannot be traced down.People can transfer all their black money from one place to another just in seconds.Criminals can also use bitcoin for receiving their payments for their illfull deeds.Bitcoin wallet is used for this purpose.Only the giver and receiver know about it and money can be transferred only in seconds.Therr can also be smuggling of bitcoins too as the price of bitcoin is increasing day by day.

I agree with you it is a big danger but what to do about it? bitcoin exists because we do not trust the banks why should we worry about those stuff unless you are doing it just let it go.