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Elon Musk's Blockchain Plan for US Treasury: A Flawed Idea?

MSN

Elon Musk's proposal to put the US Treasury on a blockchain has sparked debate. While blockchain technology has its benefits, including increased security and transparency, its current limitations make it unsuitable for handling the massive volume of Treasury payments. Scalability issues and security concerns, such as blockchain hacking, need to be addressed before such a system can be implemented. As a proponent of blockchain, it's clear that this technology has the potential to revolutionize finance, but it's not yet ready for a task of this magnitude. Keywords like blockchain security and cryptocurrency regulation come into play when considering such a proposal.