Inflation, corruption, terrorism, scandals, wars...
In this world of chaos, as governments get bigger than ever dwarfing the people they are created to serve, people are suffering from all sorts of problems without a clue why.
Any decent economics book would tell you that governments are there to cope with problems of a free market led by only businesses. They would for example, restrict environment-damaging activities by those businesses had there been no government.
In reality we don't see much of that positive aspect. What we do see however are problems not mentioned anywhere in the books. Elections are manipulated through propaganda. God knows if voting results you see on TV reflect reality. Government officials get dangerously close to businesses. Some of them even hold substantial stakes in businesses. All of this, I dare say, is because our governments are too terribly centralized to make anything transparent and efficient. They're taking away the power that people grant them and use it to their own benefits.
Is there a way to give this power back to people and effectively limit what governments can do?
Satoshi Nakamoto said in Bitcoin's whitepaper that the goal of Bitcoin is to become a decentralized electronic cash. Blockchain makes that possible by
- storing transactions in blocks and distribute them across the whole network
- employing a mining mechanism so that no one can manipulate transaction history
That's why blockchain is also called distributed immutable ledger.
We adopt the same technology in our government operations so that all activities are
- distributed - Everyone knows what's going on. The government becomes completely transparent.
- immutable - Everyone can exercise the power to vote for any law, election, activity without worrying about the vote being altered or removed.
We already have ID systems anywhere in the world, don't we? Wouldn't it be great if we integrate that with blockchain? That way everyone can have his / her identity on the blockchain and start to participate in government operations. Imagine there's a potential law that goes against your belief or interest, you can just vote against it on your GOB (Government Operation Blockchain) app and be confident that your vote goes through and will have impact on the result. Wouldn't it be great if you opinion can have some influence on next Federal Reserve interest rate decision? Would you vote for or against US's import tax against China? The possibility is not limited.
Would governments like the smell of such an application? Of course not. In fact governments see crypto-currencies as a great threat to fiat counterparts and have been doing their best to limit the usage where possible. And crypto-currencies thrived despite such efforts. The good thing about a system such as GOB is that everybody can see everything on it but no one can manipulate anything. Therefore if we can have a system setup that runs parallel with the current government operations, we'll be able to reveal to people the truth they deserve to know. Over time, governments will be forced to favor GOB over their current way of operating.
What are your thoughts?
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