Oddbean new post about login | logout THERE HAS TO BE GOVERNMENT. BUT HOW WILL THEY FUND THEMSELVES ON A #BITCOIN STANDARD? NO-ONE SEEMS TO BE ANSWERING THIS QUESTION IN THE BITCOIN MEDIA.
WHY ARE WE SHOUTING?!
HE THINKS HE'S @ODELL.
ODELL IS THE ONE I LEARNED IT FROM! THIS PLACE CANNOT BE ALLOWED TO TURN INTO AN ECHO CHAMBER!
In the same way it was financed when the standard was gold. Spending only what can be spent without generating debt for future generations to pay. Obviously, this means reducing expenditure, since spending can only match what citizens are willing to pay, not through debt. Perhaps in this way, the state would focus solely on what it should: defense, security, and justice. The rest could be left to the free market, which would provide more efficient and cheaper services, giving citizens the choice. #Bitcoin
Well this topic has been discussed previously in another thread and most participants agreed that presidential candidates should win elections according to the funds (in Bitcoin) they recieve from party, partners and voters altogether, during electoral campaigns. Presidents must be monitored by civil society groups and courts, to guarantee transparent fund management. Also many discussed how Assemblies or Parliaments approve governing policies funded through taxpayers money - often these policies benefit businesses instead; being able to finance laws is a major opportunity for citizens, international organizations and development agencies alike.
So it will be rule-by-the-rich all over again? THE RICHEST PEOPLE WILL CONTROL THE WORLD.
What makes you conclude that?
You're saying that political donations will determine who wins elections
Sure I perfectly understand your point the current democratic system doesn't allow you to understand where and how those campaign donations are being applied and that's exactly where the money laundering is hapenning worldwide. We need transparent methods such as Blockchain to follow the money trail.
How are we going to pay for policing, hospitals, education, roads, on a #bitcoin standard?
I guess the government could be financed by voluntary donations of #Bitcoin, in a HYPERBITCOINIZED world. There could be a culture of people sending 10% of every transaction to a government address.