THELOGICALINDIAN - One of the better issues abounding bodies accept with government is its complete abridgement of accuracy and accountability which in about-face creates civic populations with a aerial akin of disbelief in the cardinal classes With their abiding transaction ledgers banking innovations like Bitcoin and added crypto assets could advice restore some of this absent trust
Today, presidential hopeful and antivirus avant-garde John McAfee laid bottomward a claiming to associates of US Congress. The arguable crypto asset backer asked if any distinct affiliate of the United States government would be accommodating to assuredly almanac all their banking affairs on the blockchain.
McAfee Suggests Crypto Assets Would Bring More Transparency to Government
Hot on the heels of him accommodated his acclaimed $1 actor Bitcoin bet canicule ago, John McAfee has accepted that he has not absolutely collapsed out with all things crypto. As NewsBTC afresh reported, the antivirus specialist took to Twitter beforehand this ages to accompaniment that the abominable bet with himself was annihilation added than “a angle to onboard new users”. He added that the agenda asset was “ancient technology” and newer blockchains, with aloofness features, acute contracts, and broadcast applications, were the future.
Interestingly, McAfee seems to accept now absitively that a censorship resistant, absolutely cellophane balance of affairs would be a applicable way for associates of US Congress to conduct banking transactions. Despite McAfee calling it anachronous tech at the weekend, Bitcoin still represents the best secure, distributed, and abiding accessible balance we accept admission to today.
In the beneath tweet, addressed as a claiming to Congress, McAfee asks if any affiliate of the US government would be accommodating to accept every banking transaction they anytime accomplish assuredly recorded via blockchain technology. This would acquiesce the US accessible to see absolutely how the credible assembly of the bodies were spending their own and accessible money. Such a arrangement would accredit voters to see if the government was absolutely acting in the people’s, or in actuality their own, interests.
A CHALLENGE TO MEMBERS OF GONGRESS
Are you accommodating to be tokenized on the Blockchain – acceptation every penny that comes into or leaves any of your accounts charge be digital, and every penny placed on the blockchain so the American bodies can always see its movement?
If not, why?
— John McAfee (@officialmcafee) January 7, 2020
Although it is awful absurd that any affiliate of US government will condescend a arguable alone like McAfee with a response, the point fabricated by his claiming is a accurate one. Public, blockchain-based crypto assets could absolutely restore accuracy to government, if universally adopted.
Past incidents, like the aperture of the Panama Papers, appearance that banking bribery aural government is rife. The examples apparent in 2011 were about absolutely aloof the tip of the abstract too. Such shady, cocky confined deals acceptable action every distinct day, in every nation of the world.
If every dollar spent was tracked via blockchain, such affairs would absolutely be abundant harder to get abroad with. The accessible would be able to see aloof who profits from assorted incidents, such as acts of aggressive aggression, and alike if legal, they would be able to adjudge if they capital those agreeable in such business to represent them. The governments of today are a actual continued way from this akin of accountability but blockchain technology, for the aboriginal time in history, could absolutely accomplish such accuracy possible.
Related Reading: Has McAfee’s Bitcoin ‘Betrayal’ Prompted A New Alt-Season?
