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RE: Τhoughts on state use of blockchain in order to end governmental corruption. 10 Steem for each of the top 5 comments.
I mean here on Steem you already can direct your 'tax payment' to any chosen 'project'.
And people are predominantly shoosing projects with the biggest 'tax refund'
(self voting, frontrunning whale votes to maximaze curation rewards etc)
Correct
So, elaborating a bit)
Let's say Bob haves $100. At the end of the year the Goverment takes $20 from Bob, keeps $10 for its own purposes and gives $10 to Alice.
We call it 'taxation'.
Alice quite often belives that if we can somehow (maybe with a little help from a blockchain) 'tame the corrupt Goverment', she'll get $20 by the end of the year instead of $10.
But, looking at 'Steem experiment' we have good reason to belive she'll get $0 instead)
Lol ok I love the conclusion, hilarious...