Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?
I hope so because the bitcoins habe no one source so in that case there is no one person that can be too greedy about that money but the thing ia the corruption depends upon the person behind it because anyone can be a start of corruption if he or she becomes greedy about the money that they are getting and we cannot escape corruption it is everywhere as long as there are a person as long as they are not we are not satisfied in the benefits that we are getting
A lot of factors that can be considered the cause of corruption. It can be due to personal interests and greed with no regards to moral boundaries, has no sense of service, lack of courage, transparency and a lot more. Bitcoin is not controlled by any single network, which means transparency is present and it fights against money laundering. Its blockchain technology is what makes it stand out. Instead of data being stored in central server, it is simultaneously stored on nodes where it communicates with the others to record and verify each transaction. Notwithstanding, let's be responsible and be sincere to what we do and say, it still the right attitude that counts.