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The Trump Administration Wants USAID on the Blockchainwww.politico.com/news/2025/03/19/trump-aides-circulate-plan-for-complete-revamp-of-foreign-aid-programs-00238862
46 sats \ 10 comments \ @0xbitcoiner 21 Mar Politics_And_Law
The proposal stresses that aid programs should have end dates and their success measured carefully. Among other ideas, it suggests using blockchain technology to help track funds and ensure accountability.
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0 sats \ 9 replies \ @Satosora 21 Mar
Doesnt this just end up cluttering the blockchain? Im sure there are better ways of ensuring accountability.
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10 sats \ 4 replies \ @0xbitcoiner OP 21 Mar
I think the idea is to make the data public and untouchable, but I'm not sure.
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0 sats \ 3 replies \ @Satosora 21 Mar
There are other ways of doing that. It doesnt need to be on the bitcoin blockchain.
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10 sats \ 2 replies \ @0xbitcoiner OP 21 Mar
What other ways are there? I didn’t see anything saying it was on Bitcoin’s blockchain, where did you see that?
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0 sats \ 1 reply \ @Satosora 21 Mar
I guess you are right, it didnt point out the bitcoin blockchain exactly.
But what other blockchain would they tie into?
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0 sats \ 0 replies \ @0xbitcoiner OP 21 Mar
🤷‍♂️
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0 sats \ 3 replies \ @justin_shocknet 21 Mar
The entire federal government could make all its payments in one transaction every 2 weeks (or whatever their disbursement schedule is.)
The transparent ledger is part of the national security benefits of Bitcoin, it makes government spending transparent so we don't have another PPP/USAID situation where China sets up a bunch of fake orgs to get free USD.
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0 sats \ 2 replies \ @028559d218 22 Mar
China is already getting 'free' USD... from its holding of US treasury bonds. Solution - sell fewer bonds???
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0 sats \ 1 reply \ @justin_shocknet 22 Mar
A little different ROI than setting up shell corps for thousands to take in billions.
Bonds act as an extension of the money supply because they're dollar+, so less bonds = stablecoin minter go brrrr, which seems to be the plan
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0 sats \ 0 replies \ @028559d218 22 Mar
hmmm
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