Quote from: cryptomaniac_xxx on August 30, 2025, 11:56:44 PM

Quote from: blockman on August 30, 2025, 11:29:44 PM

Although this is still a proposal. Most of our lawmakers have no understanding of what Bitcoin is, and that's why they need to make themselves informed very well about it before doing it. As a citizen, I am for it and I just want them to realize and analyze it first before doing it. Because this could be another way for them to swindle money and that's why even it's for the adoption that we're hoping for, there is a need for them to do several consultations from the industry experts before passing and signing it into law.

I don't know but for sure this lawmakers have a lot of advisers behind them to tell what Bitcoin or Blockchain it and then to tie everything that it might be good for their country to have this Bitcoin reserve. They can even have El Salvador for example in maybe in the floor in their deliberation.

They sure have but the question is, are they willing to listen to them? In fact, only a few law makers have an idea of what it is and are willing to listen. Some advocates tried to run for a government post but didn't win with the knowledge they have not only on Blockchain but also Bitcoin. And with too many problems that our country is facing right now, this is a low priority for them.

Quote from: cryptomaniac_xxx on August 30, 2025, 11:56:44 PM

But that is the thing though, don't get me wrong, but Philippines has one of the highest score in terms of corruption. So this could also be some that doesn't want this to happen and stop because it's going to be out of their control. But hopefully, the government will approve this proposal for the betterment of their country.

Yes, no doubt with that. Still we can say two things.
1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.