by Prashant Jha at Coin Telegraph
United States presidential candidate Robert F. Kennedy Jr. wants to put the entire U.S. budget on the blockchain.
During a Michigan rally on April 21, he proposed the idea and said the move would allow every American to look at “every budget item anytime they want, 24 hours a day.”
“We’re gonna have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s gonna know about it.”
NEW: 🇺🇸 RFK Jr. says “I’m gonna put the entire US budget on blockchain”
“Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.”
“We’re gonna have 300 million eyeballs on our budget!” pic.twitter.com/TBpkcXt5i1
— Radar 𝘸 Archie🚨 (@RadarHits) April 22, 2024
Kennedy’s plan would allow for more transparency and accountability, allowing taxpayers to see where their tax dollars are spent.
The blockchain proposal was lauded by many crypto advocates on social media, where people claimed it would be revolutionary and end corruption.
One user wrote that transparent public accounting might be the best use case for blockchain tech besides the supply chain: “checks and balances in our government doesn’t work if the branches are in on the corruption together (president and congress particularly) it’s time the people hold them accountable.”
Some, however, have criticized the plan, claiming Kennedy is advocating for a…
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