Post
Topic
Board Economics
Re: Can Bitcoin also lead to corruption ?
by
masterlee17
on 24/11/2017, 11:26:09 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?

Even the mother of all nations have a corruption in their hearts, the thing here is that we just cant blame the blockchain technology by the actions the leads to corruption. Everything can lead to corruption, even alts and that's how the world work. If you are worried that BTC will become a big part of terrorism, crime and drugs then even if BTC dont exists this crimes will never cease to exists. It is here even before the time of Cain and abel. Questions like this is so obvious that people are blaming things for their own actions, and thats sad that humanity lost the way of viewing things that instead of fixing themselves, they are banning something that is worth using for.
I think bitcoin is a digital currency and it’s also true that its decentralized but I believe that there will be someone who is going to operate bitcoin and he know very well about use of bitcoin so I don’t think so he will allow to use bitcoin in corruption by someone because bitcoin is here to help us and it’s not going to teach us bad things.
You can expect anything to happen in this real world. Bitcoin itself is just a crypto currency. The thing is bitcoin can be used anywhere. There are likely chances that bitcoin can be used in corruption and other illegal activities. In that case, it will not be the fault of bitcoin.

In fact, it will be the owners of bitcoin will be held responsible for using it in such kind of activities. We need to use it for betterment of society.
That is the problem there are no owners of bitcoin we do not know who the owners of bitcoins are so we could not blame anyone at all and i believe i can get higher with this i believe i can even get higher with bitcoin then normally.