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Hard to get much more transparent than bitcoin.
by faeriechangling 3y ago
Hard to get much more transparent than bitcoin.
- frereubu 3y agoYou need to read the article - the point is that the president has given no details of the holdings except in tweets, and has not answered questions about the enormous sums of money used to promote the scheme, including a $30 "bonus" for all citizens over 30.
- faeriechangling 3y agoI don’t much care that the BBC is too incompetent/lazy to do research on assets which are so insanely traceable and transparent and complains that a public body isn’t tracking things. All it says to me is I shouldn’t read the BBC and instead follow journalists like Coffeezilla who actually understand the subject they’re reporting on and spend time researching and expose the financial mismanagement related to crypto by doing actual blockchain analysis. They didn’t even seem to try. They just got some important sounding experts to complain and called it a day.
- frereubu 3y agoIt is important for public accountability that a public body tracks these kinds of things. Why should citizens of a country have to become experts in a subject when the government should be transparent about what they're doing in the first place? This is pretty basic stuff. Also, as I said, there are other things they're not being transparent about, like the sums of money used to promote the scheme. You can't find that on the blockchain.
- Yizahi 3y agoThey aren't using bitcoin, they are trying to use a proprietary closed variant of it, loosely linked to the mainnet.