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Governments exist, and the current standard of identity verification is a laminated piece of paper with a picture on it. If you're giving away free money you mi
by oh_sigh 3y ago
Governments exist, and the current standard of identity verification is a laminated piece of paper with a picture on it. If you're giving away free money you might want to have a standard slightly higher than that.
- 3cats-in-a-coat 3y agoThe laminated "paper" has microchip in it in most places and codes which can be checked against a central database. It's a good enough standard. In fact better than crypto-chaos.
- fatfingerd 3y agoSure, but maybe that payment power is going to have a lot of side effects that are worse than limiting/filtering gifts through potentially corrupt governments that can also prevent other situations. For example, the resource curse implies there will be great reasons for companies to risk gifts of small amounts of money to lots of people in a country about to vote on whether to protect collective assets from corporate theft.. All the weird action committees of US corruption haven't even had the logistics to directly bribe voters of a low population state to piss in the pot. Should they get iris wallet addresses for everyone correlated to scan locations? Is anything the US would do about this beyond the capabilities of Kenya?