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Cake day: June 12th, 2023

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  • They probably think that tracing it will be easier than cash, but obviously there’s a few issues with that:

    • we don’t use stablecoins in our day to day lives in western cities with ubiquitous internet and reliable power, it’s probably easier to work it out here first before exporting it to areas that don’t have those things
    • a big part of USAID’s raison d’être actually is corruption. It supports opposition news outlets in adversary countries, and projects like free trade/enterprise zones in poorer countries. The actual ‘good’ aid it provides is more of a cover for those projects. If you make all transactions traceable on a blockchain, those countries will know exactly what’s being funded and they’ll have an easy time shutting it down, or have a harder time staying in power if people knew what concessions they’re trading their aid for. I still don’t really know if Trump/Musk just don’t know this and think USAID is doing what it does purely out of altruism, or if they just don’t believe in the concept of soft power.