US To Publish Economic Data On Blockchain, Commerce Chief Says (cointelegraph.com)
- Reference: 0178918398
- News link: https://yro.slashdot.org/story/25/08/28/182244/us-to-publish-economic-data-on-blockchain-commerce-chief-says
- Source link: https://cointelegraph.com/news/us-economic-data-blockchain-commerce-howard-lutnick
> Lutnick made the announcement during a White House cabinet meeting on Tuesday, describing the effort as a move to expand blockchain-based data distribution across government agencies. Speaking to US President Donald Trump and other government officials, he [2]said : "The Department of Commerce is going to start issuing its statistics on the blockchain, because you are the crypto president, and we are going to put our GDP on the blockchain so people can use it for data and distribution." Lutnick said the initiative will begin with GDP figures and could expand across federal departments after the Commerce Department finishes "ironing out all of the details" for the implementation.
[1] https://cointelegraph.com/news/us-economic-data-blockchain-commerce-howard-lutnick
[2] https://www.youtube.com/watch?v=cbEPqUdelFo
Um ... (Score:2)
> put our GDP on the blockchain so people can use it for data and distribution
Fairly certain blockchain isn't require to use anything for data and distribution.
> because you are the crypto president [U.S. Commerce Secretary Howard Lutnick said]
Smooch, smooch; slobber, slobber ... /s
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> because you are the crypto president [U.S. Commerce Secretary Howard Lutnick said]
Indeed.
> crypto-
> combining form
> : hidden by dissembling : unavowed
> crypto-fascist
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Oh man, what a succinct description of the US executive branch heads these days. Bonus, made me laugh.
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> Oh man, what a succinct description of the US executive branch heads these days.
For a little more verbosity: [1]Trump’s Cabinet Meeting Was Stuffed With Flattery for Dear Leader [rollingstone.com]
> The televised groveling festival lasted over three hours.
I was going to quote the sycophantic remarks in the article by Trump Cabinet members, but I got nauseous just reading them. Seriously, even Trump must know they're kissing his ass, but maybe that's the point. Trump *loves* that kind of thing. Betting this will show up on South Park...
[1] https://www.rollingstone.com/politics/politics-news/trump-cabinet-members-lavish-praise-1235416119/
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I've wondered if he knows and doesn't care, or if he really is so out of it, he doesn't know. I don't watch much news anymore, really I just can't take the smooch smooch stuff. The little I've seen though is almost all executive branch kissing though. Is the House/Senate as suck up as they were a few months ago? The man has committed so many impeachable offenses at this point, the senate might wake up and convict. There are a few supreme's decisions coming soon to test if the dictatorship is on track or if
How about spending... (Score:2)
And not just spending, logged evidence and other official documents created/obtained by government agencies should also be on a blockchain and make most all information created by the government available out of the gate instead of waiting for FOIA requests. Anything marked private on creation can be reviewed under FOIA and made public if released, not just provided to the requestor.
Basically, I want the government to have as few options for rewriting history or burn bagging documents without screwing up p
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Not going to happen with this president, who tears up notes, and wants as little documentation as possible to be traced back to him. I guess it is a lifetime habit for him. People around him just has to "understand" what he wants, without him directly telling him.
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> Basically, I want the government to have as few options for rewriting history or burn bagging documents without screwing up publicly accessible metadata as possible
Indeed, if they had implemented blockchain back in 2019, it would have been plainly obvious if someone had retroactively revised government hurricane prediction plots with a Sharpie.
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Yup, because the publicly available checksum of the real plot would match and the sharpie version would not.
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> Basically, I want the government to have as few options for rewriting history or burn bagging documents without screwing up publicly accessible metadata as possible.
Make burn bags out of U.S. Flags ... :-)
[1]Trump moves to ban flag burning despite Supreme Court ruling that Constitution allows it [apnews.com]
[1] https://apnews.com/article/trump-executive-order-flag-burning-4628d588350db4f6baf10ae1d91f49c1
Who cares? (Score:2)
If they were going to use a blockchain to publish information used to derive statistics in a way that makes it impossible for the government to fudge the numbers then that might be worth something, but bullshit is bullshit whether it's printed on paper or engraved on stone tablets. If they want to impress me they'll at least need to explain how they're going to leverage AI to enable a cloud-based paradigm shift in wherever I was going with this sentence before my brain trigger an emergency shutoff to preser
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I heard that this administration has basically legalized bribing foreign nations. I would like to see an accounting of that instead of letting them do it "under the table". As far as overthrowing Government X, wasn't that all about Big Oil Companies wanting access to natural resources? Are we still doing stuff like that?
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Yes, Trump's administration has said that they will not enforce the laws regarding bribery in foreign countries. Even with that, no reasonable company is going to show that "above the table". Other countries and the country with the people being bribed still have laws with penalties. Plus whomever is President in the future might retroactively change that policy.
"crypto government" (Score:2)
Is that anything like "cryptozoology?" Cryptozoology is a pseudoscience and subculture that searches for and studies unknown, legendary, or extinct animals whose present existence is disputed or unsubstantiated, particularly those popular in folklore, such as Bigfoot, the Loch Ness Monster, Yeti, the chupacabra, the Jersey Devil, or the Mokele-mbembe. [1]https://en.wikipedia.org/wiki/... [wikipedia.org]
Scholars have noted that the subculture rejected mainstream approaches from an early date, and that adherents often express
[1] https://en.wikipedia.org/wiki/Cryptozoology
Informationless fluff piece article (Score:2)
How about telling us which blockchain? Ethereum? TrumpCoin? Some new shitcoin mining rig Barron set up in The White House bathroom? That'd be on-brand.
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Hey they could call it shitcoin. My guess is trumpcoin though. I think barron may be his favorite, but who is the fairest of them all is donnie.
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--- after the Commerce Department finishes "ironing out all of the details" for the implementation.
They're just in the bootlicking stage at this point. Nobody knows what they're doing or why.
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Critical point. In a fair world I'd expect it to be one of the biggies with a deep market. In a less fair world it'll be one that just so happens to be mostly controlled by connected insiders where paying the coinage to publish the stats is in effect a transfer of public funds to those insiders.
Pee the numbers into a snowbank (Score:3, Informative)
They're still going to be [1]bullshit nobody can trust [bbc.com].
[1] https://www.bbc.com/news/articles/cvg3xrrzdr0o
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That and huh? why? Is it just because it is a buzzword that sounds cool? What is the use case here?
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So we can't trust the data because Trump fired someone who consistently produced bad data?
As a security professional I still want that data on a blockchain because it makes changing the story retroactively without making a mistake more difficult. That the POTUS has no shortage of security experts advises him means he knows that is and is choosing transparency and accountability anyway... hardly a move suggestive of someone cooking the data.
You need to get off the desperate propaganda teat. Anyone who accept
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1. The DOJ just followed evidence that lead to Trump. There is a lot of smoke emitting from that fire. There is Zero evidence "persecution". 2. Bitch and Moan about Biden all you want, but that don't pay the bills. Talk about one law that was passed, or executive order that you disagree with. Just repeating personal attacks over and over and over again is lame as hell.
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"1. The DOJ just followed evidence that lead to Trump."
Following smoke to fire is a past behavior [following smoke] which has been historically consistent in leading to the same outcome [fire]. Everything they accused Trump of involved a novel prosecution and indeed a new and never tested legal interpretation to find his actions to be criminal. The claim it wasn't persecution doesn't hold up in hindsight. The problem for your case is that the persecutors were so confident in the need to 'get Trump' and that
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The person Trump fired reported the data; they did not produce it. But that data has been accurate. Perfectly accurate when you compare the collected data with the reported data. And still quite accurate when you compare the collected data with data measured a year or so later.
But a problem with blockchain is that all of the problems it solves can be solved in other ways. Provably unchangeable data existed for decades before Bitcoin. And unchangeable data isn't really a GDP-generator. This is a "rah r
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The data has not been accurate, it was inaccurate even during the previous administration. But the bigger isn't the data itself but HOW they released the data and corrections to the data.
"But a problem with blockchain is that all of the problems it solves can be solved in other ways. Provably unchangeable data existed for decades before Bitcoin. And unchangeable data isn't really a GDP-generator. This is a "rah rah cryptocurrency is SO COOL BRO" story, not a "this is how the administration has improved the
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> So we can't trust the data because Trump fired someone who consistently produced bad data?
> As a security professional I still want that data on a blockchain because it makes changing the story retroactively without making a mistake more difficult. That the POTUS has no shortage of security experts advises him means he knows that is and is choosing transparency and accountability anyway... hardly a move suggestive of someone cooking the data.
How is a blockchain with only one party, the federal government, that can write to it secure? If they want to rewrite an older block and make the later blocks consistent, they can do that. People who are watching for changes will notice, the same as for data published to a website, etc.
Transparency and accountability? I'll believe in that more when masked anonymous "federal agents" are not roaming the streets with impunity.
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"How is a blockchain with only one party, the federal government, that can write to it secure?"
The federal government isn't one party; there are three branches and many agencies.
"If they want to rewrite an older block and make the later blocks consistent, they can do that. People who are watching for changes will notice"
Yes, that's how transparency and blockchain works but you won't need to trust some third party scraping entire websites [who can themselves be compromised] though. Anyone can attached to and
Re: Pee the numbers into a snowbank (Score:2)
"I still want that data on a blockchain because it makes changing the story retroactively without making a mistake more difficult"
That highly depends on which blockchain. If the government is creating its own blockchain, they have full control to rewrite it however they wish.
If it's published to the Bitcoin blockchain, then you are correct, that would ensure no one can change history.
But so does a newspaper. Anything with a publication date that can be verified.
We can't trust the data because of numb skulls (Score:2)
Like you.
I don't normally directly insult people but you are either extremely stupid, extremely evil or both.
I'm going to lose here now because I'm going to explain and as God man Reagan told us if you're explaining you are losing, praise be to Reagan praise be to Trump.
So the person question collected data from various sources and summarize them into reports. These reports would periodically need to be corrected because the underlying data was less than perfect because in a country of 340 milli