Solana Co-Founder Rejects Sanders' AI Job Warning, Defends DeFi
Solana co-founder Anatoly Yakovenko publicly rejected Senator Bernie Sanders' warning that AI and robotics could eliminate millions of American jobs. In a series of posts on X, Yakovenko defended free markets, profit motives, and decentralized finance (DeFi), arguing that capital is not hoarded but held by billionaires who drive living standards higher through surplus production. He claimed that 500 more trillionaires would roughly double global living standards, and criticized Sanders for focusing on hypothetical sci-fi problems instead of real issues. Yakovenko also linked the debate to crypto, stating that any profitable market will be endlessly rebuilt as a smart contract, reducing finance costs to software costs. The exchange comes amid rising distrust of both crypto and AI among voters, while super PACs funnel millions into political races. Solana (SOL) traded at $65.36 at press time, up nearly 6% in 24 hours.
Key facts
- Solana co-founder Yakovenko rejects Sanders' AI jobs warning in a series of X posts.
- Yakovenko argues billionaires hold capital, not hoarded wealth, and drive living standards.
- He claims 500 more trillionaires would double global living standards.
- Yakovenko says any profitable market will be rebuilt as a smart contract, highlighting DeFi.
- Solana (SOL) trades at $65.36, up 6% in 24 hours.
- Voter distrust of crypto and AI grows amid super PAC spending.