📍The U.S. Secretary of Commerce declares bringing GDP onto the blockchain – will it really solve the problem? 📌 U.S. Secretary of Commerce Howard Lutnick stated that he will "bring GDP onto the blockchain," saying, "Trump is the crypto president, and we want everyone to use the data." In fact, the Q2/2025 GDP (revised +3.3%) has been hashed with SHA-256 by the Department of Commerce and disseminated across 9 blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, Polygon, Optimism – with financial support from Coinbase, Gemini, Kraken, along with oracle services like Chainlink and Pyth. 📌 But the big question is: Does blockchain really solve the problem? - Paradox: The government has just disbanded data quality oversight committees (FESAC, BEAC), meaning the "input" – how GDP is calculated – is lacking verification. When the foundation is flawed, putting it on the blockchain only makes the error immutable and uncorrectable. - False transparency: GDP is already...
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