Andrew Yang wants to mandate blockchain-secured smartphone voting. That’s an unbelievably dumb idea from the 2020 presidential candidate. | Source: Chip Somodevilla / Getty Images / AFP
By CCN Markets: Andrew Yang wants your vote. And if he gets it, he promises that when you vote for him again in 2024, you’ll do it on a smartphone. And that the vote will be recorded on a blockchain.
According to the 2020 presidential hopeful’s website, Yang believes that his “Modernize Voting” policy will increase voter participation and reduce “tampering” and “hacking.”
Yang is no stranger to crypto, of course, and his pro-Bitcoin campaign targets a demographic which has largely been cast out in the financial cold. However, that doesn’t necessarily mean he knows what he’s talking about.
A number of crypto startups have already attempted to promote blockchain voting, with very little to show for it thus far. I remain highly skeptical of the idea, and I’m not the only one.
As the Bitcoin oracle Andreas Antonopolous explains, you can’t simply throw “magic blockchain” at every single problem.
Andrew Yang’s Smartphone Voting Theory Debunked
Identity on the blockchain sounds wonderful at first, but there’s very little substance to back it up. That’s because “official” identity relies on a central authority to administer it. So basically, the antithesis of everything that blockchain supposedly stands for.
It’s no wonder then that crypto proponents push up against laws like KYC and AML that provide information and ultimately a certain kind of power to a select few.