RFK Jr. wants to put full government budget on blockchain for accountability

RFK Jr. wants to put full government budget on blockchain for accountability

[Music]
we’re going to have 300 million eyeballs
on our budget and if somebody is
spending
$6,000 for a toilet
seat everybody’s going to know about it
Independent presidential candidate
Robert F Kennedy Jr wants you to know
how much the government is spending on
toilet seats during a campaign stop in
Michigan on Sunday RFK junor proposed
using blockchain technology to manage
the US budget put the entire us Budget
on blockchain so get any
American every American can look at
every budget item in the entire budget
anytime they want 24 hours a day
blockchain technology is an immutable
Ledger crucial for cryptocurrencies and
secure digital transactions data is
stored in blocks linked by cryptography
ensuring that once added information is
transparent tamperproof and permanently
unalterable blockchains are
decentralized meaning they are
maintained by multiple participants
across different locations not owned by
a single entity this characteristic
makes them transparent and resistant to
control or interference by any one party
let’s hear from one of its co-inventors
to explain it further if I promise to
send you 17 Bitcoin you can’t turn that
promise into a promise for 1,700 Bitcoin
or 17 Bitcoin cents Kennedy pointed to
historical overpayments like the toilet
seats to illustrate how blockchain
technology could enhance transparency in
government spending however the
challenge lies in the complexity of
recording every government transaction
on the blockchain given the federal
budget is approximately $3.8 trillion
the government accountability office has
raised concerns that while blockchain
technology can increase transparency it
also carries significant risks
such as volatility and fraud Kennedy
continues to advocate for cryptocurrency
technology as a tool to bolster the US
economy last year he outlined specific
Bitcoin Focus policies he would enact as
president including backing the dollar
with Bitcoin reserves and making Bitcoin
profits exempt from capital gains taxes
my administration’s
mission of making America the Global Hub
of cryptocurrency particularly Bitcoin
as a means of incentivizing Greater
investment and in green and energy and
renewable energy production and
attracting uh engineering investment and
Innovation to our
country
um I want I will
clarify some kind of sensible and I need
to think more about this and meet with
many of you but some kind of sensible
jurisdiction and governance that
recognize that Bitcoin is not not it
security and should not be regulated as
one Kennedy is gaining momentum securing
a spot on Michigan’s ballot making it
the second state after Utah to list him
as a presidential candidate his campaign
and supporters claim they’ve gathered
enough signatures in key States like
Arizona Georgia Nevada and North
Carolina though these are still awaiting
official validation
[Music]

Robert F. Kennedy Jr., an independent presidential candidate, emphasized his proposal to use blockchain technology to manage the U.S. budget during a campaign stop in Michigan on Sunday, April 21. Kennedy wants to make federal spending transparent by allowing Americans to monitor government expenditures on items like toilet seats.

Full Story: https://san.com/cc/rfk-jr-wants-to-put-full-government-budget-on-blockchain-for-accountability/

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