A sitting member of the House of Representatives has proposed creating a cryptocurrency to raise funds for a massive wall along the Mexican border.
The notion of building a wall encompassing the entire U.S.-Mexican border has been a fraught one for years and gained new controversy when Donald Trump promised to complete it (and have Mexico pay for it) during his campaign for the presidency.
But a new proposal for funding the wall emerged during a recent interview on NPR, when Ohio State Representative Warren Davidson floated some of his own radical ideas to pay for construction.
“You could do with this sort of, like, crowdfunding site,” Davidson said. “Or you could even do blockchain, and you could have wall coins.”
Apparently an offhand remark, the comments did not demonstrate a sophisticated understanding of blockchain technology or many details about how a “wall coin” cryptocurrency would incentivize investment any better than, say, a Kickstarter.
“You could even accept Mexican pesos,” added Davidson.
Though it is always encouraging for advocates of decentralization to hear federal representatives throw out the term “blockchain” as a solution to complicated problems, these comments seem unlikely to amount to any real action in the future of a border wall.