Russian political party Party of Growth has recently announced the launch of a new Blockchain-based system, called "People of Growth", and their own cryptocurrency, called “Upcoin”. For the first time, Blockchain technology becomes the organizational basis for a political party.
The Party of Growth is now preparing its candidates for the municipal elections in Moscow this year. Candidates from the party will also receive a loan in Upcoins that they can use for training on the specialized courses.
The full article: https://coinidol.com/political-party-to-use-cryptocurrency/
What do you think about using cryptocurrencies in politics?
cryptocurrencies in politics?.NOT GOOD ..The Party of Growth is now preparing its candidates for the municipal elections in Moscow this year. Candidates from the party will also receive a loan in Upcoins that they can use for training on the specialized courses.
The full article: https://coinidol.com/political-party-to-use-cryptocurrency/
What do you think about using cryptocurrencies in politics?
Why so easy to manipulate..
Like Btc could never become a currency because to many whales so just like the cash rich we will have the btc rich BOTH WILL STILL ACT THE SAME..ASS HOLES
Agree..unless this blockchain is purely for record keeping, and the tokens don't have value, this is a poor idea. These markets are too small, too easy to swing. That would be absolutely dangerous if it influenced the outcome of a vote..
Considering this is just for one party, I suppose it's really just for funding candidates and keeping track who gets how much funds. I don't think this will expand to the point where it will be usable outside party use nor do I think they would want that.
I don't know how to react to this news. For one thing having them all in a blockchain might make it easier to investigate them for stuff like illegal contribution. This could increase familiarity with bitcoin in Russia once they understand the concept from this but on the other this could lead to them probably just making their own coin.
