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
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[ 3.1 ms ] story [ 33.1 ms ] threadWhy would people need a private key to read the blockchain?
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
Trust: you can trust because it’s a .gov.
What else do you want?
By any chance, do you have a pet mouse?