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April 21, 2014, 03:55:59 PM |
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Its election season and today i was asked to stop and my car was checked by election authorities and police for any large cash, I am sure that if you are reading this and live in India, you also would have had your car raided by now or very soon.
Now the key question is how is the election authority going to regulate in future in a bitcoin ecosystem. cash for vote will become bitcoins for votes and now people will be paid for votes without any hurdle anonymously,and in small amounts this is a serious concern as it is a bad thing for Democracy.
Again Bitcoin is only a tool and is not responsible for how people are using it and things may become alright on a long run but in short term what is the solution to this issue.
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