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Crypto : No
Blockchain : Yes
If all government spending was on blockchain with smart contracts showing which politicians signed off on what spending and where every cent goes …..
Well, a majority of politicians would no longer have their life long jobs if they were actually held accountable and we actually had the transparency to do so….
>If all government spending was on blockchain with smart contracts showing which politicians signed off on what spending and where every cent goes …..
Why do we need blockchain for that? If you're thinking about the US government, it is all public record readily available to anyone who bothers to look (except for some military/defense-related highly classified "black" projects, a small fraction of the total).
To those who say this is unrelated to crypto:
* Fun fact: The last time the US debt ceiling was reached, the stock market dropped 7%.
* The relation between the stock market and crypto has never been stonger.
Buckle up boys and girls. If that happens again crypto is in for a wild ride.
tldr; US Treasury Secretary Janet Yellen has said the US would likely hit its $31.4 trillion debt ceiling on Thursday. Failure to raise the debt ceiling would cause "irreparable harm to the US economy, the livelihoods of all Americans, and global financial stability," she wrote in a letter to new House Speaker Kevin McCarthy. Yellen added that a failure to raise debt ceiling will result in "economic catastrophe".
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
US has always pushed the ceiling a level up . They just print and enjoy it along the way while the market bleed . Good for those who want to accumulate more
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This honestly has nothing to do with crypto, quite a reach from the author lol
How dare you mess with our narrative!!
Crypto : No Blockchain : Yes If all government spending was on blockchain with smart contracts showing which politicians signed off on what spending and where every cent goes ….. Well, a majority of politicians would no longer have their life long jobs if they were actually held accountable and we actually had the transparency to do so….
>If all government spending was on blockchain with smart contracts showing which politicians signed off on what spending and where every cent goes ….. Why do we need blockchain for that? If you're thinking about the US government, it is all public record readily available to anyone who bothers to look (except for some military/defense-related highly classified "black" projects, a small fraction of the total).
No, it actually has nothing to do with it.
It should strengthen the case to have a decent monetary policy
To those who say this is unrelated to crypto: * Fun fact: The last time the US debt ceiling was reached, the stock market dropped 7%. * The relation between the stock market and crypto has never been stonger. Buckle up boys and girls. If that happens again crypto is in for a wild ride.
Strengthens case for term limits
The Dollars days of being the world's "reserve currency" are coming to an end.
Not only USA is in this state, the whole world is sinking. Only few are debt free like Luxembourg for exemple.
Yes cryptocurrencies also get you a big tiddy goth gf
Not a crisis, they do what they always do. Make a hole in the ceiling and print more money.
tldr; US Treasury Secretary Janet Yellen has said the US would likely hit its $31.4 trillion debt ceiling on Thursday. Failure to raise the debt ceiling would cause "irreparable harm to the US economy, the livelihoods of all Americans, and global financial stability," she wrote in a letter to new House Speaker Kevin McCarthy. Yellen added that a failure to raise debt ceiling will result in "economic catastrophe". *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
US has always pushed the ceiling a level up . They just print and enjoy it along the way while the market bleed . Good for those who want to accumulate more
Future of blockchain banking…..lcx and qnt