if governments used the blockchain for their transactions, we could truly track where taxpayers’ money was going….
….but that'll never happen because keeping the common person in the dark is in their best interests – those they've been elected to serve. if they did this we would really see how much is wasted, how much goes into their back pockets and those of their friends. it would reveal inefficient, overpriced contracts given to businesses in return for bribes; expenses for lavish hotel rooms and dinners, not to mention simple costly mistakes born of incompetence. all of this could be on record – corruption could be evidenced and charges levelled.
but no, it's too insecure; we need to raise taxes and implement regulation because the people don't know what's best for them. what a fantastic society we inhabit.
submitted by /u/Pixeth_
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