Why Elon Musk's Plan to Put the US Treasury on a Blockchain is a Recipe for Disaster
2025-02-14
MSN
While blockchain technology has the potential to revolutionize financial systems, implementing it for the US Treasury is a daunting task. Even if security concerns are addressed, current blockchain infrastructure is unable to handle the massive volume of Treasury payments, making it a logistical nightmare. As a proponent of blockchain, it's clear that this idea is premature and requires significant advancements in scalability and security, including the development of more robust blockchain solutions and cryptocurrency protocols. With the rise of digital payments and fintech innovations, it's essential to approach this idea with caution and careful consideration of its feasibility.
