My buddy recently came across an interesting topic — why don't corrupt officials like to use Bitcoin to collect money? Some say Bitcoin is anonymous and safe; I laughed out loud: in the eyes of real experts, this thing is simply running naked in the emperor's new clothes! Today, Bin Ge will explain the ins and outs of this, while also breaking down a few more discreet 'pit avoidance techniques'.
1. Bitcoin? In the eyes of corrupt officials, it is just a 'time bomb'.
Naked on the chain, one check and it's accurate.
The blockchain ledger of Bitcoin is publicly available across the network, and every transaction record is engraved on the chain and cannot be deleted. Do you think it's anonymous? In reality, it's like 'walking down the street with a mask'; once the mask is off, everything from past to present is exposed. If there are corrupt officials who dare to accept it, the discipline inspection commission can trace the tail through the real-name information or IP address of the exchange, basically delivering a crime diary to their doorstep.
Monetizing is as difficult as climbing to the sky.
The domestic market has already tightly strangled virtual currency trading. Corrupt officials accumulating a pile of bitcoins and wanting to exchange them for cash? The bank's big data anti-money laundering system will issue warnings in minutes, and going to underground banks is even more of a gamble — black eating black is common, and money houses themselves are key targets of police crackdowns. A certain fallen vice mayor hid 70 million in cash in a cousin's account and was still caught, precisely because cash can withstand pressure, while Bitcoin leaves traces at the slightest movement.
Price fluctuations can drive leaders crazy.
Today, the 5 million worth of Bitcoin given as a gift may only be worth 2 million tomorrow. Bribery and receiving bribes are fundamentally fragile transactions; when leaders see their assets shrink, they immediately feel you are playing tricks on them. It's better to gift gold antiques; handing over a heavy box feels more reassuring.
2. The 'advanced play' of corrupt officials: Low-key, delay, personal connections.
The leadership case you mentioned in Zhuzhou, Hunan, indeed hits the nail on the head — real experts don't even touch cash! Bin Ge summarizes a few more discreet tricks:
Delay cashing out after retirement.
Only give verbal promises to 'trusted brothers', paving the way with power before retirement, and relying on personal connections to collect after retirement. This kind of operation leaves no written evidence, and during investigations, a simple 'helping a friend' can be a convenient excuse. But the risk is — when the person leaves, the tea cools, or if the actions are too big, they get exposed (for example, traveling around the world for three to five years after retirement, which directly attracts the attention of the discipline inspection commission).
Third-party bridge, interests take a detour.
For example, prioritizing government projects for operators, supporting their promotion, and then arranging business for one's own friends and relatives through the operator. The source of interest seems to be business cooperation, with no direct connection to power. This kind of 'personal understanding' is harder to trace than virtual currencies, as it's impossible to track the flow of funds.
Physical bribery + holding on behalf.
Burying cash, planting corn, hiding money in balcony layers, having friends and relatives hold property... these old methods are actually 'safer' than digital currencies. Why? Cash only has holding properties, not recording properties, and as long as it is not stored in a bank, tracking becomes much harder.
3. Bin Ge's comments: Why can't virtual currencies thrive in the world of corrupt officials?
Technical thresholds become loopholes.
The blockchain can be traced, price fluctuations are large, and the risk of monetization is high, which for corrupt officials is simply a 'full debuff'. In contrast, investing in movies, trading antiques, and shadow equity is more stable, with loose regulation and ample operational space.
Human weaknesses determine choices.
The essence of bribery is a black market transaction where both parties need 'leverage' to keep each other in check. If Bitcoin were completely anonymous, a leader could take money without doing anything, and the briber would have no way to act. However, cash, real estate, equity, and other physical assets can leave invisible 'contracts' through intermediaries, recordings, etc.
4. Your inspiration: Earning money steadily is the way to go.
My buddy often says that the crypto world is not a casino, but a battlefield of cognition. The tricks of corrupt officials seem smart, but they are actually gambling on probabilities — the Tianwang system + anti-money laundering big data + cross-border regulation have long set up a net. We ordinary people must also understand:
Regulation of virtual currencies is becoming increasingly strict, with new regulations from eight departments directly shutting down stablecoins and RWA tokenization.
Trying to take shortcuts through speculation ultimately results in paying tuition to the discipline inspection commission or the market.
