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A lot of comments here but I have still never seen people talk about the absolutely perfect use case for a block chain. Mandate that all government spending us
by tmpfs 3y ago
A lot of comments here but I have still never seen people talk about the absolutely perfect use case for a block chain.
Mandate that all government spending use a block chain so that all citizens can see government spending. All public finances visible to all citizens.
I think we have got it backwards trying to use the technology as untraceable peer to peer currency, instead focus on visibility into government finances to combat corruption and nepotism.
- VoodooJuJu 3y agoThis doesn't fix corruption. Corrupt spending is often quite conspicuous, it's just people won't or can't do anything about it.
- wolverine876 3y agoCouldn't we just as easily publish the government's ledger?
- nradov 3y agoYou can already see government budgets. The process is very open (except for some limited secret programs). https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder...