Post
Topic
Board Economics
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
by
blockman
on 04/09/2025, 22:24:16 UTC
You don't know the style of our government. They can use everything for corruption as long as there is money involved in it. It's not about the price of Bitcoin that they'll buy and the time and date when. But it is the allocation that they'll play around it. We know how our government works and it's been cooking us with our own oil, using our taxes in the wrong way and that's why even if it's auditable and such. They can always play around with the papers and the auditing through a loop that they can since it's also volatile. But that's the next level that they will find out.
Your government is not more expert in stealing money any more than other corrupt governments. If you let very obvious ways of stealing happen, then perhaps the real issue is in the electorate the voters themselves. Maybe next time stop voting for old favorites, and vote for the outlier that will actually change the country.
Yes, this is what many of us are talking in social media. With collaboration of the same old politicians and the old style that they have, they'll still voted by the oldies that don't see how corrupt they are and same same style of being popular even without doing anything for their constituents.

Either way my argument stands strong. There are much better ways to do and hide corruption than with a Bitcoin reserve.
I understand that, it's not important whether it is strong or not. We know that with Bitcoin, less corruption could be done on it but as long as there's a huge budget allotted on it. These corrupts will find a way to exploit it.