Bill Clinton: The Permutations And Possibilities Of The Blockchain Technology Are Staggeringly Great

Former president Bill Clinton attended one of the largest blockchain events yesterday October 1, giving some great opinions about blockchain technology that reached all major crypto news today.

This is a good enough sign of how the crypto revolution is growing each year. Bill Clinton attended a Ripple conference held in San Francisco as a keynote speaker. The conference looked like a simple question-and-answer platform with the economic adviser to the US government from 1996 to 2001, Gene Sperling.

Clinton was a president of America right in the time when the internet was going into the mainstream so his opinions on the distributed ledger technology are extremely important.
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He said that this technology (DLT) has ‘’staggering’’ possibilities because it’s not based on national borders and does not depend on them. However, he made clear that certain social and economic policies can potentially ruin it.

He stated:

“This whole blockchain deal has the potential it does only because it is applicable across national borders and income groups. The permutations and possibilities are staggeringly great,” he said. “We could ruin it all by negative identity politics and economic and social policy. You think about that.”

Clinton also advised that this technology should not be rushed because quick moves and solutions could bring to larger social and economic inequalities between people. If benefits get materialized by a high extent, we should all be very careful about it, he advised. Also, he suggested that people that are just starting in the crypto space should avoid planning to make easy and quick money with this technology.

The former president concluded his presentation by saying:

 “You don’t want consumer fraud, you don’t want to finance criminal enterprises, and you certainly don’t want to make it easier to pull off severe attacks by terrorists,” he continued. “That’s the challenge of each new technology.”