Bitcoin as a way to avoid corruption - page 2.

ObscureBean

legendary

Activity: 1148

Merit: 1000

Quote from: countryfree on January 06, 2016, 06:47:35 PM

Quote from: mtnsaa on January 06, 2016, 03:07:12 PM

I was watching a TED talk the other day that mentioned how Bitcoin or other cryptocurrencies could be used as a way to bring transparency to political campaigns, welfare, government/state expenses and other similar areas. We as tax payers will be able to know exactly how much money is allocated for each area and how it is used.

I was thinking also that this could also become the norm for donation centers, foundations and charities.

What do you guys think?

No. BTC would not change anything, and BTC would not give more information. Most citizens don't bother looking but most countries and big charities have all accounting books open to the general public. I think the most open is the UK. It launched the open government initiative a few years ago, and everyone can check what's going on.

http://www.opengovernment.org.uk/
https://data.gov.uk/

It's very boring to look at, but it's all there if you're willing to take the time to search properly.

Yes but accounting books are not nearly as transparent as the Bitcoin ledger plus no audit is 100% trustworthy. Every single Bitcoin transaction is accounted for in the Blockchain and can be traced with precision. It is impossible to cheat the system or shift the blame to human error.

yoona

sr. member

Activity: 493

Merit: 250

Live by your own rules

Quote from: mtnsaa on January 06, 2016, 03:07:12 PM

I was watching a TED talk the other day that mentioned how Bitcoin or other cryptocurrencies could be used as a way to bring transparency to political campaigns, welfare, government/state expenses and other similar areas. We as tax payers will be able to know exactly how much money is allocated for each area and how it is used.

I was thinking also that this could also become the norm for donation centers, foundations and charities.

What do you guys think?

is a very smart idea, I think it will work well if it really had the support of all parties, although it requires a process that is not fast, but slowly bitcoin will be entered into the government, hopefully there are countries that started using bitcoin as financial transparency ,

hl5460

legendary

Activity: 1621

Merit: 1000

news.8btc.com

Quote from: mtnsaa on January 06, 2016, 03:07:12 PM

I was watching a TED talk the other day that mentioned how Bitcoin or other cryptocurrencies could be used as a way to bring transparency to political campaigns, welfare, government/state expenses and other similar areas. We as tax payers will be able to know exactly how much money is allocated for each area and how it is used.

I was thinking also that this could also become the norm for donation centers, foundations and charities.

What do you guys think?

interesting, where is the link?

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Quote from: mtnsaa on January 06, 2016, 03:16:24 PM

I think this is one of the most doable ideas really since we are not talking about companies or banks. And it can be just small to start, if I had a little charity I would definitely advertise this as a way to ensure safety and attract more donations. Once the ball starts rolling, this could be copied very fast by others if it works.

Well, to date the only charity entity that has shown via the blockchain that every satoshi has been and is accounted for is the Bitcoin100. As a counter example, it's been a year and a half I've been waiting for The Bitcoin Foundation to show one bitcoin transaction that's extremely relevant to this space.

CrimBit

hero member

Activity: 672

Merit: 500

it's a good idea, we can track any transaction of goiverment money, so we can look after each use money from the people
but Iam not sure goverment will announcement his address to public, other country also can track how much money was in government, it's very dangerous

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

Quote from: mtnsaa on January 06, 2016, 03:07:12 PM

I was watching a TED talk the other day that mentioned how Bitcoin or other cryptocurrencies could be used as a way to bring transparency to political campaigns, welfare, government/state expenses and other similar areas. We as tax payers will be able to know exactly how much money is allocated for each area and how it is used.

I was thinking also that this could also become the norm for donation centers, foundations and charities.

What do you guys think?

No. BTC would not change anything, and BTC would not give more information. Most citizens don't bother looking but most countries and big charities have all accounting books open to the general public. I think the most open is the UK. It launched the open government initiative a few years ago, and everyone can check what's going on.

http://www.opengovernment.org.uk/
https://data.gov.uk/

It's very boring to look at, but it's all there if you're willing to take the time to search properly.

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: btvGainer on January 06, 2016, 06:29:30 PM

you didn't elaborate how bitcoin can prevent corruption and bring transparency.Corruption is any kind of return favor for something and that something can be bitcoin or fiat it doesn't matter

It will make it quite difficult to explain where certain funds came from or where they went. Indeed, it is not really corruption as in taking bribes from companies or something, but it still is corruption if they pay someone to something that is not fully legal for instance.

Bitcoin can play a nice role in it as it would be very easy to audit the money streams.

btvGainer

legendary

Activity: 854

Merit: 1000

you didn't elaborate how bitcoin can prevent corruption and bring transparency.Corruption is any kind of return favor for something and that something can be bitcoin or fiat it doesn't matter

calkob

hero member

Activity: 1106

Merit: 521

I think it sounds like a great idea, unfortunately trying to get a tool to stop corruption brought into the political arena will face massive hurdles at every turn. Not to many poloticians are going to want everyone to see where the money goes.................. Grin

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: mtnsaa on January 06, 2016, 03:16:24 PM

I think this is one of the most doable ideas really since we are not talking about companies or banks. And it can be just small to start, if I had a little charity I would definitely advertise this as a way to ensure safety and attract more donations. Once the ball starts rolling, this could be copied very fast by others if it works.

for independant charity donations yes very possible. infact its already happened
http://bitcoin100.org/charities/
for crowdfunding, again already in the works
https://www.vinumeris.com/lighthouse

but as for government elections.. forget it.

governments like the current postal slip election forms and polling stations for 3 reasons
1) any demograph they dont like.. slips get lost in the mail
2) any demographs they dont like they place the polling stations closer to the demograph they do like and distance it from the bad area's
3) once manually counting the slips.. a few can disapear from one pile and appear in another pile

having a independant voting system where everyone can freely vote without even leaving home without taking more than 2 seconds, does not allow governments t sway demograhs into their favor..

and so i can never see governments implementing such a independant and fully trusted/transparent system

mtnsaa

legendary

Activity: 1568

Merit: 1000

Exactly it will be all "open source". Plus it should be very easy to investigate if there is a discrepancy.

Either way, the paradigm shift is that we would all know how much money a certain department or branch has. If there's a payment sent (to hire a cleaning company for example) everyone interested can corroborate it. It won't destroy corruption but at least public funds will be handled in complete transparency.

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

Quote from: maokoto on January 06, 2016, 04:53:47 PM

Well, Bitcoin transparency is only transparent when you know which Bitcoin address is owned by whoever person or institution. If government identifies the address receiving the money, that is something, but then they will need to identify every single address to which that address sends money too for real transparency, and that would be somewhat complicated.

I agree it would be complicated, but I have no doubt whatsoever that there are people or government-watch groups who would do it. There are definitely organizations who would, and there are some people who are so obsessed with government and politics that I'm sure this would be all they do. Yeah, very neat idea.

Moneyburner

member

Activity: 112

Merit: 10

I would think you'd have an opposite situation? I could post a transaction between two addresses and know one would have any idea how to figure out who they are

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Well, Bitcoin transparency is only transparent when you know which Bitcoin address is owned by whoever person or institution. If government identifies the address receiving the money, that is something, but then they will need to identify every single address to which that address sends money too for real transparency, and that would be somewhat complicated.

KenR

hero member

Activity: 910

Merit: 1000

「きみはこれ&#

There is a good and bad side of this.The government will totally oppose this idea.Bitcoin is the best solution to coruption problems.But for it to become a legal currency of any country,government has to approve it.They will approve it but with their own conditions like they will only have their own bitcoin banks or mines or say exchange's.They will introduce corruption in the field.I still prefer bitcoin to be a subjective currency.

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

Hmm, I think it's a very interesting idea and as far as government spending goes, if the gov't used only a traceable currency there would be no way to fund black ops and such things and it would to some extent put the kabosh on wasteful spending. I hadn't thought of any of this, as I detest politics, but I'm glad you brought this up as a topic.

I like it!

mtnsaa

legendary

Activity: 1568

Merit: 1000

Definitely! Well maybe the government in place won't like the sound of it, but an up & coming party can definitely propose it and many people will welcome it in a second! Then all of a sudden it becomes mandatory and the standard way of doing things.

Now, let's get not too carried away, they will most definitely never use Bitcoin itself I guess, but they could use a cryptocurrency tied to the local one for example. The point made is that this is definitely something I can see being used in the real world and solves a problem. Bitcoin in general is a unique technology but there's not much use for the average person that they cannot do with Paypal, Banks or CCs.

Erkallys

legendary

Activity: 1120

Merit: 1004

This is an awesome idea mate ! This also one of the easiest to realize. If someday at least political parties (States have to keep their expenses secret) could use this sytem could be fantastic. The Libertarian Pary (if something like this exist anywhere on Earth) could be easiest to convince I think

. Communists could be also bringed in the game, so according to them, "everyone could be equal in matter of financial knowledge of the situation of the party". Yeah, that's really a fantastic idea Wink

!

vilain

full member

Activity: 126

Merit: 100

Quote from: mtnsaa on January 06, 2016, 03:19:57 PM

Quote from: ?? on ??

I think in theory its still posible. Cheesy

But in reality it's impossible because of government corruption is inevitable, and with bitcoin anonymously will be more easily corruption.

Well in this case it won't be anonymous of course, that's the point. You would know each "account" and you can see how much it spends, maybe I didn't make myself too clear.

Yes I agree it's a nice way to bring transparency and I would support it all along. The problem is the difficulty of bitcoin usage for the common citizen. Brazil, for example, is one of the most corrupt countries in the world, and I doubt this sort of thing would work here in the next 30 years.

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

Blockchain ledger is need to kill corruption.

Topic: Bitcoin as a way to avoid corruption - page 2. (Read 1921 times)