Post
Topic
Board Economics
Re: Politicians fear cryptocurrency because it will stop corruption.
by
deppil
on 23/08/2018, 02:29:16 UTC
The transparent nature of the cryptocurrency industry is one of the Paramount reasons why politicians are kicking hard from all angles against it.Well,I am glad that despite all these agialtations,the industry moves on .One day full potentials will be established. Share your views.

Even if bitcoin grow and prosper more or not if a government official is corrupt, then he or she still finds a way to do such thing. Corruption really exist with or without cryptocurrency.
I guess you're right.But i think corruption might be atleast minimized knowing that cryptocurrency is a decentralized one which cannot be controlled by the government unlike fiat currency itself.Hopefully cryptocurrency will be finally legalized so that corrupt politicians will be slowly out in the government too and see progress in our country's economy.
How will corruption decrease if they know how to hide their identity in crypto and make themselves undercover? You don't know
how many wallet and address they have right? I thought it would be a double-edged knife. it might reduce but it might add corruption