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Is this crypto idea utopic or just makes no sense?
Imagine almost all the tax spending is on a "blockchain", not each transaction ofc. Just which deparments gets how often and what amount. Some would need to expain how they spend those amounts and some would be just automated wage payments. I know this can't happen for decades. Point of having it in blockchain is for transparency? and each citizen and company would get a private key and see where the money goes. Unlike whatever we have now
- dave4420 2y agoHow does a blockchain make it more transparent than just publishing it on a website? Why would people need a private key to read the blockchain?
- user90131313 2y agoblockchain would make the amount publicly verifiable with priv keys ? like end source would be getting it via blockchain and spending it there. not to their bank account like we do today? not crypto > bank. private key for reading is for not making it easy to access for other countries? publishing numbers on website does not mean anything? and most utopic part could be you pay the tax via your private key and it'd go to main govern account then you would see how much of that goes to where? I mean point is not trust, verify basically. POS mining could be done by big tax payers and companies or some other way. all not perfect, just and idea
- popcalc 2y agoExists: https://www.usaspending.gov https://www.usaspending.gov Trust: you can trust because it’s a .gov. What else do you want? By any chance, do you have a pet mouse?
- nativeit 2y agoRats are much better as pets.
- user90131313 2y agolol yea u can trust, I was looking for some smart thing. not this
- user90131313 2y agowho checks those numbers? who watches watchmen
- dave4420 2y agoAnd who would check the numbers if they were entered onto a blockchain?
- user90131313 2y agoanyone can? there could be next step reward in the org or ins. to double check numbers in blockchain. some type of reward? needs thinking but better than some random data in gov website