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0 sats \ 9 replies \ @Satosora 21 Mar \ on: The Trump Administration Wants USAID on the Blockchain Politics_And_Law
Doesnt this just end up cluttering the blockchain?
Im sure there are better ways of ensuring accountability.
I think the idea is to make the data public and untouchable, but I'm not sure.
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What other ways are there? I didn’t see anything saying it was on Bitcoin’s blockchain, where did you see that?
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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China is already getting 'free' USD... from its holding of US treasury bonds.
Solution - sell fewer bonds???
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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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hmmm
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