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I get your point, we're talking about different things though. I'm strictly talking about money movements on chain, in areas where there is sufficient public in
by trompetenaccoun 4y ago
I get your point, we're talking about different things though. I'm strictly talking about money movements on chain, in areas where there is sufficient public interest to mandate it. That isn't a radical idea for government finance and central banking as an example, why should this be hidden from the public? The current system is opaque and encourages corruption/fraud.
It was in reply to the above comment saying our entire society is run on scams, which is true. We can start cleaning it up from the top, which is the smart way to go about it instead of tilting at legal windmills. In the current system, you're more likely to get caught and punished as a petty criminal than someone who siphons off millions. Yes, some fraud will always be possible in free societies but it doesn't have to be the way it currently works. More transparency and better record keeping are a positive thing. Even if we take your example of someone inputting wrong data, they're more likely to be found than if there is no data at all and thus nothing to scrutinize. People who falsify data make mistakes just like anyone does.