Friday, August 29, 2025

🔗 Put that crap on the blockchain

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Recently, Howard Lutnick, the United States commerce secretary, announced that key economic statistics, including the gross domestic product (GDP), are going to be placed on the blockchain.

Then, the madmen did it; they ran the most recent GDP data through a hash algorithm and stored that hash on several blockchains.

The advantages of this scheme are left as an exercise for the reader.

Commerce Secretary Lutnick wants US economy on blockchain for some reason

However, there are other, more exciting things that we could now place on blockchains.

For example, Donald Trump claimed that he'd already established 200 trade deals; Lutnick could place those trade deals on the blockchain, and then we could be confident that at least some of them actually existed.

Trump additionally announced that Honda was building a plant in Indiana; Honda denied this. Trump and Lutnick could prove it by putting the plans for the plant on the blockchain.

The president has also claimed he'll reduce drug prices by 1,500%; they could figure out what number that results in and put that on the blockchain. 

Unmodified footage from Epstein's prison on the night he took his life could be stored on the blockchain, but first we need to find it.

Might as well put the full Epstein files on the blockchain, even the part about how Epstein stole teenagers from Trump.

Or if we can't get the complete files, maybe we can get the wedding invitation that Trump sent Epstein.

Or, if that's a step too far, maybe we can put the interview where Epstein said he set Trump up with Melania on the blockchain. 

Some things are already on the blockchain, like the Strategic Bitcoin Reserve, and so the government should sign messages from those addresses so we can verify the holdings.

Nearly every modern president has released their tax returns; Trump could finally release his tax returns and put those on the blockchain.

Reading the hash of the official GDP is only the beginning of what this new age of transparency offers.

 

— Bennett Tomlin

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