When the U.S. Department of Commerce announced it would move GDP data onto the blockchain, old crypto veterans laughed out loud: now the on-chain data is tamper-proof—but the White House can still freely change the source of the data!
Minister Lutnik shouted at Trump, 'You are the cryptocurrency president!'—this scene is even more magical than a sudden 100-fold rise of Dogecoin. I must say, this move by the U.S. government can be considered 'performance art of government affairs on the chain'. Blockchain can ensure that data cannot be tampered with after being uploaded, but it cannot control whether the source of the data has been 'manipulated by the whales'. While Trump claims that economic data is being manipulated, he simultaneously fires the head of the statistics bureau; this plot is more exciting than the exit of a scam coin project's team. Now throwing data onto the chain is akin to adding a centralized oracle in front of a DeFi protocol—controlled by the government itself.
But objectively speaking, this is indeed a god-level case of blockchain + government affairs. From Estonia's health data on the chain to California using Avalanche to digitize property certificates, global governments have quietly gone 'All In on the chain'. The EU's EBSI directly targets the 'Consortium Chain Government Affairs System', and the U.S. following suit can be considered a national-level FOMO.
However, those in the industry understand: the chain is iron, and the data is steel; if the source is not authentic, all efforts are in vain. Blockchain prevents 'post-fact accounting', but it cannot stop 'pre-manipulation by the accountants'. It's like putting all transaction records on the chain, but the exchange issuing the orders is a 'centralized black box'—isn't that stimulating?
While we are just spectators, the U.S. government's recent moves have at least injected adrenaline into the crypto space. In future discussions about blockchain applications, besides 'Bitcoin as a store of value' and 'DeFi mining', we can finally add: 'Even the U.S. GDP is on the chain!'
Want to keep tracking the magical yet hardcore blockchain world? Don't forget to click to follow @加密青遥 and let jokes reveal the truth on the chain! #特朗普罢免美联储理事库克
