Shiba Inus Shytoshi Kusama Endorses Shibarium as A Solution To $36 Trillion U.S Debt
Shiba Inus lead developer, Shytoshi Kusama, has proposed Shibarium as a potential blockchain solution to address the United States escalating $36 trillion debt.
This endorsement follows a thought-provoking discussion initiated by Shib Army member Dudu, who questioned the role of blockchain in enhancing government efficiency and transparency.
Why does Musk need blockchain in state managementto monitor government spending, tax revenues, real estate management, and payments in real time? Why does Trump want to cancel all taxes? How will Trump pay off a $36 trillion debt in one fell swoop? #Shibarium, Dudu asked in a Sunday tweet.
Further underscoring blockchains potential, Dudu quoted Ethereum co-founder Vitalik Buterin, who recently remarked, Blockchain allows us to redistribute power from centralized institutions to individuals.
This comment aligns with Shibariums vision as a decentralized tool capable of empowering governments while underscoring Shiba Inus ambitions to transcend its meme coin roots to a robust blockchain ecosystem.
Recall that last November, Kusama outlined plans to launch a Strategic Hub for Innovation and Blockchain aimed at bringing blockchain solutions to government, cities, and businesses. At the time, he highlighted how Shiba Inus ecosystem tokens, like SHIB, Bone, Leash, and Treat, could facilitate a seamless transition from Web2 to Web3. Kusama also envisioned the hub as a pilot project in a U.S. city, with plans to scale nationally, positioning it as a blueprint for the current U.S. administration.
Notably, Kusamas recent endorsement coincides with former President Donald Trumps executive orders evaluating a national digital asset reserve and halting the creation of central bank digital currencies (CBDCs), underscoring the relevance of blockchain in the future of U.S. governance.
However, Shiba Inu faces significant competition from leading blockchain platforms vying for a role in the U.S. governments crypto strategy.
On Sunday, Cardanos Charles Hoskinson proposed offering a free blockchain solution to Elon Musks Department of Government Efficiency (DOGE), tasked with cutting federal spending. Meanwhile, Justin Sun of Tron has joined the debate, positioning Tron as a viable alternative for government efficiency.
Elsewhere, Ripple and Bitcoin maximalists have been clashing over the potential establishment of a national cryptocurrency reserve, with accusations from prominent Bitcoiners like Jack Mallers that Ripple and other networks are lobbying against Bitcoin adoption. On Sunday, Litecoin entered the debate, taking aim at Mallers and Bitcoin maximalists for undermining Litecoins contributions to the crypto industry while offering conditional support for a Bitcoin Strategic Reserve.
Even after all of this, we support a Bitcoin Strategic Reserve. But let this be very clear: it is not because of you or any of the other dirty players of the past decade who made it 20x harder for Litecoin. We support it because it is the better decision for America, Litecoin tweeted, calling for fair recognition of its role in advancing blockchain technology.
Text source: ZyCrypto
