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To be honest, Bitcoin in no way does solve corruption. Actually, Bitcoin in current state can only increase corruption in society by giving a sense of anonymit
by ship_it 9y ago
To be honest, Bitcoin in no way does solve corruption. Actually, Bitcoin in current state can only increase corruption in society by giving a sense of anonymity. Political corruption on other hand, might be solved through it, but thats the case we are left to see.
- knocte 9y agoMaybe the OP refers to corruption as two political/financial practices: QE and fractional reserve banking.
- lawlessone 9y ago>QE and fractional reserve banking. Those are features.
- knocte 9y agoNope, those are the main bugs of our current system.
- paxpelus 9y agoBitcoin is not completely anonymous. The discussion is not only about Bitcoin or PoW. We found a way to do transactions that nobody can tamper with. We managed to solve a really serious problem and this is that when money is involved people get greedy and corrupt. No human being should be in a high enough position to steal money or tamper the transactions or commit fraud. It is so obvious that distributed ledgers are a solution to this and it disappoints me that the HN community cannot see it.