[ship_it]

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.

[paxpelus]

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.

[knocte]

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

[lawlessone]

>QE and fractional reserve banking.

Those are features.

[knocte]

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