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RE: Money & Banking as Theft

in #freedom7 years ago

I believe smart contracts may provide an elegant solution. I can envision a community pooling resources voluntarily for infrastructure and spelling out the stipulations of the contract. Only when the stipulations in the contract are met the funds are released.

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Should governments, maybe at the local level, turn to smart contracts and blockchain technology it'll make a difference in where the money goes and how its used. Could eliminate a lot of embezzlement, misappropriation and waste.

I think so....since the terms of the contract must be fulfilled until funds are released. I thought many years ago that all governments could be replaced with AI type voting mechanisms. Smart contracts look to be an elegant solution.