Post
Topic
Board Economics
Re: Can Bitcoin also lead to corruption ?
by
geopolisch
on 02/04/2018, 11:30:04 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?
Surely bitcoin will lead to corruption. But if it leads to corruption bitcoin will be the only currency in the world

It is because bitcoins are a digital currency which can be used anonymously for illegal purposes both the sender and receiver have no idea who is sending the money i.e. no personal information is exchanged between them. Dark web is example to use crypto over internet for corruptions. Most of the criminals use bitcoins for making digital business deals and for money laundering.