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Harvard Students Reveal Plan to Save World From Debt Crisis With New Project That Will Probably Just Make Things Worse

A  Harvard student stands proudly next to a giant globe with cracks and fissures representing global debt crisis. In one hand they hold a stack of worthless dollar bills while in the other they grasp a small, precarious-looking stablecoin made from clay on top of a pile of Bitcoin blocks.

The New Bretton Woods Project: because what we really need is another hare-brained scheme from Harvard students and alumni who clearly have no idea how economics works.

Source: cointelegraph

Harvard students and alumni have announced the launch of the "New Bretton Woods Project" — an initiative focused on creating Bitcoin-backed stablecoins to combat the global debt crisis. The project aims to build a Bitcoin (BTC) stablecoin on the Bel2 network — a Bitcoin layer-2 solution — allowing users to retain control of their BTC while simultaneously creating opportunities for lending, borrowing, and stablecoin issuance. Spokespeople for the initiative explained […]

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