Quote from: blockman on Today at 04:35:14 AM

Quote from: Fiatless on September 05, 2025, 12:34:42 PM

Quote from: blockman on September 04, 2025, 10:24:16 PM

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.

The easiest means of stealing money is through inflation of contracts. They will simply allocate more money to a project and steal the excess.

Yes, and just like what's happening here. It's being investigated about the flood control projects that have became ghost projects for many of the proposed ones. And many have been made with sub-standard materials. We're a country that's experiencing a lot of typhoons yearly and the floodings are almost everywhere and yet, these politicians and contractors have been corrupting the money that should be for the projects and best materials but they don't do it. They're pocketing money and their way of dealing floods was buying luxury SUVs and cars to flaunt to us, the hard working taxpayers. And that's why projects and proposed bills like this could be another outlet fo corruption if it won't be monitored well by watchdogs and concerned citizens.

Sad true, even how good the proposal the chance of being exploit into corruption is not by far, same with the statement above those who are in power will find ways to corrupt the money that will be allotted for this proposal, as we seen how those corrupt officials and those contractors managed to suck lots of money that supposedly for flood control, the intention for allotting those funds is to protect the people from the floods that cause by many typhoons that we expect to have each year, that partnership between lawmakers and contractors together with those officiating official who are assigned to execute those projects, they divided and suck most of the budget.