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> tool to hide proceeds of low-tech plundering Maybe, but since it's an open ledger wouldn't it be more likely to bring transparency to the country's operation
by reedjosh 4y ago
> tool to hide proceeds of low-tech plundering
Maybe, but since it's an open ledger wouldn't it be more likely to bring transparency to the country's operations?
If you pay taxes in bitcoin to the country, then you can track where that goes overtime unless the country exchanges it to another currency or moves it through a whirlpool or similar. Both operations of which have a cost.
I could see a website being setup to collect tax payment transactions such that tracking the government's expenditure would actually become quite simple. Obviously, the citizens of CAR may not be up to the task, but it's completely possible technically.
- kspacewalk2 4y agoCAR is partly run by an incompetent dictatorship, partly by a Russian private military firm that's really into massacres and diamond mining. That should tell you all you need to know about the likelihood of open ledgers bringing transparency to the country's operations.