US Treasury Secretary Scott Bessent just disclosed that roughly 10% of the annual federal budget vanishes due to fraud, waste, and mismanagement. That's billions of dollars annually. When traditional financial systems show such massive inefficiencies and lack of transparency, it naturally sparks conversations about why decentralized alternatives and digital assets matter. The question isn't just about government accountability—it's about whether trustless systems and on-chain transparency could offer different approaches to financial management. This kind of institutional friction often drives interest in solutions outside the traditional financial structure.
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RetailTherapist
· 01-13 01:03
10%? This number is acceptable. Traditional finance is this way, no wonder everyone wants to play on the chain.
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MemeKingNFT
· 01-13 00:53
One-tenth of the federal budget black hole... To be honest, I laughed when I saw this number. The transparency of traditional finance is really not as good as on-chain data of some blue-chip projects.
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DiamondHands
· 01-13 00:45
Ten points of budget black hole? That's ridiculous. No wonder I trust on-chain transparency.
US Treasury Secretary Scott Bessent just disclosed that roughly 10% of the annual federal budget vanishes due to fraud, waste, and mismanagement. That's billions of dollars annually. When traditional financial systems show such massive inefficiencies and lack of transparency, it naturally sparks conversations about why decentralized alternatives and digital assets matter. The question isn't just about government accountability—it's about whether trustless systems and on-chain transparency could offer different approaches to financial management. This kind of institutional friction often drives interest in solutions outside the traditional financial structure.