Post
Topic
Board Economics
Re: Do you think that bitcoin can reduce corruption?
by
plenumetnormous
on 23/01/2018, 00:35:24 UTC
In one hand yes but in other not. Corruption generelly is more effective in third world countries and computing technology knowledge in these regions is in a very low level which inhibit bad intentioned people to act in this universe. From the moment that a government decides to introduce officially and ethically BTC in its economy, all the financial processes control will be easier,faster and efficiently. But there's a question: Do they want it? At this moment is when BTC cannot reduce corruption!
It's very complicated to talk about and tends to be unpredictable. How to predict the future that has not happened and not yet certain? Moreover, corruption and cryptocurrency are two very different things. Cryptocurrency is a digital currency that exists only in physical form and is used to transact freely without the intervention of banks, taxes, and government. While corruption, is an act to save a sum of money that is not our right, the money from the community and or the property of others. So you should know that cryptocurrency is difficult to connect with corruption because cryptocurrency is just a currency.
The approach on this subject is quite interesting and deserves a deeply dive in technology of the virtual and real worlds, besides the projection of the actuals social behaviors in a near future. So, the best part of it is just the atempt to predict the routes which bitcoin will take. Thank you for quoting me.