Post
Topic
Board Economics
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
by
justdimin
on 30/08/2025, 07:28:04 UTC
One senator in our country is pushing to use blockchain technology so that we will have a transparency on our national budget. https://cointelegraph.com/news/philippines-bam-aquino-blockchain-national-budget-transparency

This is another great proposal aside from that creation of Bitcoin strategic reserve since if it happen that those laws will pass this will bring some another level of security and good developments in Philippines.

But current status on which there are so many corrupt politicians are in the seats now I doubt this law for transparency also that Bitcoin reserve creation bill would pass since for sure they are the one would provably stop it.
That is exactly what we should be doing all over the world, transparency of where the money goes, but they are just not doing it, they are ignoring it completely. That is why it's such a big mistake, and we should not be dealing with this hiding stuff. But when you remember the average voter, you will see, in any part of the world, if "your" party steals money, and proven in blockchain transaction, people will still defend, and that is going to be a big problem for a lot of people.

I think this is why we should not see this as a way to get better. We should be considering how this could be a troublesome situation. If we do that, then we are going to be the ones losing, so do not support any politician like they are your family.