Presidential candidate John F. Kennedy Jr.'s new proposal: Full disclosure of the U.S. budget on the blockchain can combat corruption

This site (120bTC.coM): U.S. presidential candidate Robert F. Kennedy Jr. is the first presidential candidate in U.S. history to accept Bitcoin campaign donations. He has repeatedly expressed his support for cryptocurrency.

Kennedy Jr. plans to make the entire U.S. budget public on the blockchain

At a campaign rally in Michigan on April 21, Kennedy Jr. planned to increase tax transparency and accountability, The method he proposed is through "blockchain technology." He said: "I will put the entire United States budget on the blockchain. Every American can view every budget item in the entire budget at any time, 24 hours a day."

"Our budget will attract the eyeballs of 300 million people, and if someone spends $16,000 on a toilet seat, everyone will know about it."

This drew praise from many cryptocurrency supporters , people claim it will be revolutionary and will end corruption.

A netizen replied: "Transparent public accounting may be the best application case of blockchain technology besides supply chain. If all departments of the government (especially the president and Congress) are involved in corruption, Then the checks and balances will not work. Now it’s time for the people to hold them accountable.”

Disagree with CBDC, support cryptocurrency equals freedom

However, some people have criticized the plan. , claims that Kennedy Jr. is advocating for a central bank digital currency (CBDC) through his blockchain initiative. But in fact, Kennedy Jr. firmly resisted the development of CBDC in the United States, believing that it violated privacy and gave the government too much control.

In a previous interview with Bitcoin Magazine, when asked "Do you think the U.S. government should issue digital currency directly to citizens?", he commented: I am opposed to central bank digital currency. I think they will become tools of power and control. Eventually, they will be used as an excuse to abolish cash currency. They give the government complete control over our lives. Even before the events in Ottawa, I gave a speech in Milan to warn the Italian people as they were reviewing vaccine passports and central bank digital currencies. If you don’t meet a certain social credit score, if you don’t wear a mask correctly on Mask Day, whatever your violation is, the government can shut down the channels through which you spend your money. They can program it so that your credit card can only be used at grocery stores within a half-mile of your home. They won't buy you gas, they won't let you buy a plane ticket, they don't want you to travel to other parts of the country or abroad. If the government had such power we would all be in big trouble.

He emphasized that what we need is a free currency, a currency that is independent and not controlled by the government. This may be why he supports cryptocurrencies, saying in March this year that cryptocurrencies are "the best hedge against inflation" and emphasizing that cryptocurrencies take away control from governments and monopolistic banking systems.

"If you agree that cryptocurrency equals freedom, please help me advance my vision as president."

The above is the detailed content of Presidential candidate John F. Kennedy Jr.'s new proposal: Full disclosure of the U.S. budget on the blockchain can combat corruption. For more information, please follow other related articles on the PHP Chinese website!