Hacker News Reader

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.

View on HN

Bitcoin 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.

Maybe the OP refers to corruption as two political/financial practices: QE and fractional reserve banking.

>QE and fractional reserve banking.

Those are features.

Nope, those are the main bugs of our current system.

Reply on news.ycombinator.com