In theory, could you use bitcoin or blockchain tech to account for exactly where your taxes are used?
So a random thought popped into my head. Would it be practical to track and account all of my money that goes to the government through taxes in a open ledger system like bitcoin? I would love to be able to see exactly how my personal tax dollars are spent at the State and Federal level. What percentages of that money go into healthcare, education, infrastructure, military, etc. Basically and itemized receipt on where all my money went. This seems like it would be a great way to ensure accountability and perhaps reduce corruption. What are your thoughts?
Submitted October 21, 2014 at 07:15AM by cythix
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