Post
Topic
Board Bitcoin Discussion
Re: BTC is not human, someone have to use it right.
by
FatFork
on 23/08/2024, 20:22:57 UTC
Corrupt leaders can use bitcoin and crypto to embezzle money in a system where everyone in the system is corrupted, if not I think if the corrupt leaders use Bitcoin in an open network, it can be tracked, just that the recipient wallet will be the main target if it is an exchange wallet.
Bitcoin can help every individual who use it in the right way to avoid inflation and to also overcome some financial challenges if they hold for long.

Yes. I definitely think there's some truth to the idea that corrupt leaders could take advantage of Bitcoin.  The anonymity part could let them hide shady transactions.  But at the same time, Bitcoin's transparency through the blockchain gives it power too.  Anyone can follow the money on that public ledger. 

I'm still hopeful about bitcoins potential to give regular people more control.  Maybe an overly idealistic take, but it's how I feel.