Brian Armstrong, CEO of Coinbase, congratulated Elon Musk’s DOGE (Department of Government Efficiency) and proposed Blockchain to facilitate its work. Musk’s DOGE agency has already saved US taxpayers a whopping 36.73 billion dollars.
Coinbase and the proposal to use Blockchain to improve the work of Musk’s DOGE
The CEO of Coinbase, Brian Armstrong, publicly congratulated the D.O.G.E agency (Department of Government Efficiency) of Elon Musk for its work.
At the same time, Armstrong suggested a new proposal involving the use of Blockchain to control government spending in a more “easy” way. Here is his post on X:
“Great progress DOGE. Imagine if every government expenditure were made transparently on-chain. It would be much easier to monitor.”
Currently, the DOGE Tracker reports that Musk’s agency has already managed to save US taxpayers a whopping 36.73 billion dollars.
Specifically, this saving represents only 1.8% of Musk’s goal, which aims to reduce US public spending by up to 2,000 billion dollars.
Coinbase: the proposal from the CEO to use Blockchain might not be so absurd
The proposal by Armstrong of Coinbase to use Blockchain to more easily control government spending is not so absurd.
In fact, last November, President USA Donald Trump and Elon Musk with D.O.G.E had announced that they were studying a federal voting system based on Blockchain.
From what had emerged, the platforms interested in the project turned out to be Cardano, X, Hyperledger, and Hedera.
In practice, this project aims to use the Blockchain both for the voting system and for the verification of voters’ identity. Not only that, its implementation requires that all the States of the USA should implement the online electronic voting platform – eVote.
By doing so, the Blockchain would promote electoral integrity and the elimination of fraud in the subsequent bull and bear U.S. elections.
This means that Trump’s D.O.G.E. has already been involved in projects based on Blockchain, at least testing its characteristics and qualities.
In this regard, Armstrong’s proposal could involve new pilot tests of new projects involving the Blockchain, this time however for the control of public spending.
The discovery of a 100 billion dollar flaw by the DOGE
Without yet using blockchain, Musk’s DOGE agency seems to have discovered a $100 billion flaw in government spending.
To make everything public, Musk himself thought about it, with his post on X, in which he describes the vicenda.
In practice, it seems that every year as much as 100 billion dollars in benefits are paid to people without a social security number or a temporary identification number. Musk claims that this situation is “extremely suspicious.”
On this subject, Musk writes:
“When I asked if anyone at the Treasury had a rough idea of what percentage of this number is unequivocal and evident fraud, the consensus in the room was about half, so 50 billion dollars a year or 1 billion dollars a week! This is absolutely crazy and must be addressed immediately.”
