Musk Suggests Blockchain To Curb Government Spending

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By Patrick Wood

Elon Musk, the head of the Department of Government Efficiency (DOGE), is reportedly exploring implementations of blockchain technology in US government operations to track and reduce federal spending.

According to Bloomberg, the DOGE is also looking at using blockchain to secure data, make payments, and manage buildings as part of the DOGE’s efficiency push.

Personnel from the newly commissioned non-government department have also met with representatives from public permissionless blockchain networks to consult about potential use by the US government.

The initiative is part of Musk’s broader goal of eliminating trillions of dollars from the annual federal budget and ensuring government accountability through transparency.

Blockchain to force government transparency?​

Musk’s initiative to leverage blockchain technology to enhance government transparency is not a new concept in US politics.

In April 2024, former Presidential candidate Robert F. Kennedy Jr. said he wanted to put the entire federal budget onchain. The politician told an audience at a Michigan rally:

“Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day. We are going to have 300 million eyeballs on our budget. If somebody is spending $16,000 for a toilet seat, everybody will know about it.”

Kennedy’s proposal was met with widespread support from small government and sound money advocates, who argued that US government spending was out of control.

Department of Government Efficiency takes first steps​

The Department of Government Efficiency launched its website on Jan. 21 and officially adopted the DOGE logo used by the world’s first memecoin, Dogecoin.

Following the website’s launch, the price of Dogecoin rallied by approximately 11% to $0.38.

On Jan. 20, former Presidential candidate, entrepreneur, and DOGE co-founder Vivek Ramaswamy announced he was stepping away from the project to focus on running for governor of Ohio.

“I’m confident that Elon and his team will succeed in streamlining government,” Ramaswamy wrote in an X post, hinting at his plans to run for office in an official capacity.

Technocrat Solution: Musk Suggests Blockchain To Curb Government Spending

Elon Musk says he wants to reorganize the federal government, so it's not surprising that the first step that he is suggesting is to track all government spending via blockchain. With President Trump doing a flip-flop to endorsing cryptocurrency (particularly Bitcoin) to set up a national...

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[Tall Timbers]

The govmint has expenses that the world shouldn't know about. Things like covert CIA operations, covert development of new weapons of war, expenses related to things that are classified.

The expenses that are okay for anyone in the world to know, including our enemies, could already be published. That would add an additional expense, of course.

I'm not a fan boy of the block chain idea.

 

[Hol]

It’s an appealing short-term idea to me, with some exceptions.

I didn’t manage to spend time checking news here yesterday so I don’t know if Rose caught it, but millions of $ that were approved to buy Gaza’s rapists condoms is now stopped.

But, in the long term it will be turned on us.

Maybe the best thing will be to stop bundling spending authorizations in omnibus packets and give Trump line item veto.

 

[1LoverofGod]

It’s an appealing short-term idea to me, with some exceptions.

I didn’t manage to spend time checking news here yesterday so I don’t know if Rose caught it, but millions of $ that were approved to buy Gaza’s rapists condoms is now stopped.

But, in the long term it will be turned on us.

Maybe the best thing will be to stop bundling spending authorizations in omnibus packets and give Trump line item veto.

I did see that report about what funding for Gaza has been used on.
I see no problem in a block chain system if it were to stay exclusively for government to use only for purposes of tracking how tax payer money is spent.
My concern is it's pretty much a certainty it will be used against civilians just as what happened with the Patriot Act.
Maybe it will be legitimately used as Musk describes during the term Trump is President. What would it be used for if the lunatics get into office again?
I believe in privacy and government doesn't have to know if I pay my grandson to bathe my dog. It may sound silly using that example and if we are honest people with nothing to hide, it won't bother us for our expenses to be tracked. But that's not the point about our privacy not giving access to anyone in government because should government be run by bad people again, they won't use block chain for honest tracking purposes.
I also don't like the idea of government listening in on personal conversations on my phone or if they opened my mail to read my personal mail before delivering it to me.
I'm just giving examples of privacy that's important to me and what is being done to take our privacy away will end up in the wrong hands, ultimately in the hands of the Antichrist which doesn't bother me because we won't be here for that. But for now while we are here, I like my privacy on what I do with my money.