Post
Topic
Board Economics
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
by
blockman
on 06/09/2025, 04:35:14 UTC
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.