Blockchain tech may solve US debt crisis
Ethereum co-founder Joseph Lubin believes blockchain technology can help solve the US debt crisis.
He noted that moving off the gold standard created a loop among corporations, lobbyists, and legislators, allowing governments to print money endlessly and accumulate massive debt.
Lubin cited Satoshi’s white paper as an inspiration, showing that decentralized trust could fix the issue, and saw Bitcoin as a new trust foundation that inspired the build of DeFi.