As a seasoned researcher with a keen interest in both technology and politics, I find Shytoshi Kusama’s ambitious plan for Shiba Inu City (S.H.I.B) intriguing, to say the least. Having witnessed the rise of Silicon Valley and its impact on the tech industry, I can see the potential in creating a dedicated blockchain hub that could spur innovation and growth in this sector.
The creator of Shiba Inu Coin is advocating boldly for the development of a city within the United States, modeled after Silicon Valley, specifically tailored for the blockchain sector. Shytoshi Kusama is urging the Trump administration to take into account the proposal for a center focused on nurturing and attracting blockchain innovators and entrepreneurs.
Shiba Inu City: An Ambitious Plan
In a recent post, Kusama presents an ambitious idea: developing a blockchain counterpart to Silicon Valley, fostering growth within the blockchain community.
Kusama referred to the latest urban development as the ‘Strategic Center for Blockchain Advancement’ (SCBA), asserting that it aligns with Trump’s plan for creating tech-focused cities across America.
It seems I was quite forward-thinking with my S.H.I.B. proposal… Just a week off the mark. In case you missed it.
— Shytoshi Kusama (@ShytoshiKusama) November 9, 2024
2023 saw Trump declare that if he were to become the U.S. president, he intended to construct ten urban areas on federal property, which he referred to as “freedom towns.” He emphasized that these new American cities would herald a “renewed American destiny” following his belief that the country had lost its pioneering spirit.
Recognizing Donald Trump’s victory in the U.S. election, the inventor of Shiba Inu seized this favorable moment to advocate for his planned blockchain center.
Cost Effective
Kusama acknowledges that turning an American city into a central point for the blockchain sector initially comes with hefty costs.
According to the creator of the meme coin, it’s estimated that setting up the SHIB could cost between $1.3 billion and $2.35 billion, with construction potentially taking anywhere from five to ten years.
On the other hand, he emphasized that the Trump administration ought to prioritize the long-term financial and strategic advantages for the nation, rather than solely considering immediate costs.
He said that SHIB’s outcomes would offset the cost of building it, explaining that in one to two years, he predicts that the blockchain hub would create 5,000 jobs.
The cryptocurrency programmer mentioned that this project might inject approximately half a billion dollars into the local economy, and it’s expected to lure over 100 blockchain ventures to set up shop within the region as their headquarters.
Kusama said:
“By leveraging blockchain’s transformative potential, this S.H.I.B. initiative aims to stimulate economic growth, create high-quality jobs, enhance national security, and reinforce the United States’ leadership in emerging technologies.”
A Strategic Investment
Kusama perceives S.H.I.B. as an initiative that could significantly reshape the nation, asserting that it provides a crucial opportunity for the U.S. to seize a competitive edge in the realm of blockchain technology.
He forecasted that this hub would evolve into an autonomous economic system generating approximately $5 billion for the U.S. economy each year, while also contributing around $500 million in annual tax revenues.
In response to the proposed plan, the cryptocurrency market showed optimism, causing the Shiba Inu coin (SHIB) to reach a value of $0.00002727 – a notable jump of approximately 23% over the past day.
According to Kusama, the project is seen as a “vital strategic move” crucial for the nation’s future, given its potential to yield substantial financial benefits and establish the country as a pioneer in blockchain technology.
The President’s backing allows us to begin this remarkable transition, aiming to secure both wealth and safety for future generations,” he finished off.
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2024-11-11 13:34