Shiba Inu Proposes Shibarium as Blockchain Solution to Address the US' $36 Trillion Debt

Shiba Inu's lead developer, Shytoshi Kusama, has proposed Shibarium as a potential blockchain solution to address the United States' escalating $36 trillion debt.

Shiba Inu’s lead developer has touted Shibarium as a potential blockchain solution to help the United States pay off its escalating $36 trillion debt.

This endorsement comes after a discussion initiated by a member of the Shib Army, who questioned the role of blockchain in enhancing government efficiency and transparency.

In a Sunday tweet, Shib Army member “Dudu” asked about the integration of blockchain in state management, highlighting topics like monitoring government spending, tax revenues, real estate management, and payments in real time.

Dudu also mentioned Donald Trump’s desire to cancel all taxes and his plan to pay off the $36 trillion debt in one fell swoop, using the #Shibarium hashtag.

To further emphasize blockchain’s potential, Dudu included a quote from Ethereum co-founder Vitalik Buterin, who recently stated that blockchain can help redistribute power from centralized institutions to individuals.

This comment aligns with Shibarium’s vision as a decentralized tool to empower governments, underscoring Shiba Inu’s ambitions to evolve beyond its meme coin roots into a robust blockchain ecosystem.

Last November, Shiba Inu’s lead developer announced plans to launch a Strategic Hub for Innovation and Blockchain, aiming to bring blockchain solutions to government, cities, and businesses.

At the time, he highlighted how Shiba Inu’s ecosystem tokens, including 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 it nationally, presenting it as a blueprint for the current U.S. administration.

It’s interesting to note that Kusama’s recent endorsement comes as former President Trump’s executive orders are set to evaluate a national digital asset reserve and halt the creation of central bank digital currencies (CBDCs). This highlights the potential role of blockchain in the future of U.S. governance.

However, Shiba Inu faces competition from leading blockchain platforms vying for a role in the U.S. government’s crypto strategy.

On Sunday, Cardano’s Charles Hoskinson offered a free blockchain solution to Elon Musk’s Department of Government Efficiency (DOGE), which is tasked with cutting federal spending.

Justin Sun of Tron also joined the discussion, presenting Tron as a suitable alternative for government efficiency.

Elsewhere, Ripple and Bitcoin maximalists clashed over the potential establishment of a national cryptocurrency reserve, with some Bitcoiners accusing Ripple and other networks of lobbying against Bitcoin adoption.

On Sunday, Litecoin entered the fray, criticizing Bitcoin maximalists for downplaying Litecoin’s contributions to the crypto industry and 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,” wrote Litecoin, highlighting its role in advancing blockchain technology and demanding fair recognition.