2026-01-17 15:28:50

A founder of a major exchange recently proposed a bold idea: governments should record fiscal expenditures on the blockchain to create a transparent, open, and tamper-proof ledger. After all, since it’s called "public expenditure," it should be accessible for the public to see where the money is flowing.

This proposal is indeed interesting. The core advantages of blockchain—immutability and transparency—when applied to government budget management, could theoretically significantly reduce information asymmetry in fiscal data. Imagine taxpayers being able to track the use of public funds in real-time—what a scene that would be!

Of course, it's easier said than done. Whether some countries' fiscal systems can be fully on-chain involves complex issues across legal, technical, and political dimensions. But as a direction, it’s definitely worth policymakers seriously considering.

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PhantomHunter

· 6h ago

This idea is quite idealistic, but who would dare to look once it's on the chain? Haha Government on-chain budgets? First, improve transparency of exchanges. Dreams are grand, but the reality is that governments around the world want to hide something. But on the other hand, if it can really be achieved, taxpayers' voice will be much stronger. Oh my, if this really happens, how many corrupt officials will lose sleep? Sounds good, but isn't it just another round of power struggle? That will have to wait until the Year of the Monkey or the Year of the Horse; most governments aren't even aware of this. Using blockchain here is brilliant, but unfortunately, no country dares to really do it.

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RektButAlive

· 6h ago

Laughing to death, the government going on the chain? First, get your own ledger straight before talking about it. --- This idea is good, but in reality, it's a pipe dream. Do you believe it or not? --- Haha, really daring to say that. If the government were transparent, would there still be the joy of black box operations? --- I just want to know which government would obediently show their purse. Dream on. --- The theory is perfect, but the implementation is basically useless. We've seen too many of these tricks. --- Wait, does this mean that the current whereabouts of government funds can't be tracked at all? I just realized. --- Basically, it's a matter of checks and balances of power, not a technical issue. --- This guy really, knowing it's impossible but still insisting. Turning blockchain into a panacea, indeed. --- Actually, this idea isn't bad, but politicians will definitely oppose it. You know what I mean. --- I'm just asking which country dares to play like this.

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MetaverseMigrant

· 7h ago

Good grief, trying to use blockchain to reform the government again? Basically, they just want the wealthy to have nowhere to hide their money. Government on the blockchain? First, get your own ledgers in order. This idea is good, but do you dare to believe they will really be transparent? LOL Taxpayers tracking public funds... sounds great, but in reality? Layers of cover-ups. If it were truly feasible, a country would have done it long ago. Why are we still talking about it? It sounds nice, but the difficulty is comparable to making the wealthy pay taxes. LOL Blockchain is not a panacea; some problems are simply not technical. This guy's idea is good, but he's too idealistic. I just want to know, which government is willing to be publicly supervised? Dream on.

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MissedTheBoat

· 7h ago

Is it really possible for governments to go on-chain? I doubt it. --- Thinking too beautifully, how transparent would that have to be... --- Uh, wait, if that's the case, wouldn't all corrupt officials be exposed? --- The ideal sounds great, but which government would go first? --- If this really gets implemented, the first hurdle is politics. --- Wow, if that happens, I’ll just buy up all the coins of this exchange. --- Oh my, finally someone remembers how taxpayers feel. --- Blockchain can't solve human nature issues, brother. --- Wait, does that mean I can track where every penny goes? I’d better learn how to read the chain first... --- Don’t be silly, politicians have long been used to black-box operations. --- That’s a good idea, but implementing it is as difficult as reaching the sky. --- If they really make the ledger public, there might be a big incident. --- I just want to see which country dares to be the first to try it.

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WagmiOrRekt

· 7h ago

Laughing to death, the government going on the chain? Let's see them settle the accounts first. Nice words, but in reality? The elites have long figured out how to bypass it. I'm tired of the blockchain transparency theory; the key question is, who will audit? Thinking too much, with such a huge political利益cake, why should we get a clear view? The words are not wrong, but don't dream this afternoon. Wait, is this guy trying to drive traffic to the exchange? What's the point?

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MetaverseVagrant

· 7h ago

That's a good idea, but the Chinese government can't go on the chain haha

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ImpermanentPhilosopher

· 7h ago

This guy is dreaming again. Why should the government be transparent? I've already decided that before going on the chain, I need to ask those people for their approval or disapproval. Thinking too much. No matter how advanced the technology is, it can't withstand human nature. That's right but useless. Who would really expose their money? If this really happens, we'll get rich. I don't believe it. The government will never be able to handle this. Blockchain curing all diseases, huh? Haha. It's interesting, but the reality is very harsh. It's just a pipe dream. It's more practical to buy coins. Another idealist. Wake up, brother.

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