In response to Musk's statement, Jameson Lopp, head of security at cryptocurrency custodian Bitcoin Casa, simply stated: “Bitcoin fixes this.”
US government “cost-cutting” czar Elon Musk claims to have found at least 14 “magic money computers” inside the federal government that can send money out of thin air.
Musk said the computers, located in several federal departments including the Treasury, Defense and Health and Human Services, can essentially issue payments and send money out of thin air.
“You might think that the government computers are all talking to each other, and they’re synchronized, and they’re calculating what funds go where, and they’re consistent, and the numbers that a senator is presenting to you are the real numbers,” Musk said on a March 17 episode of Sen. Ted Cruz’s Verdict with Ted Cruz podcast.
An absolute bombshell from Elon Musk in the latest episode of Verdict.
It reveals that there are 14 magical computers in the federal government that send money out of thin air.
However, Musk has said that this is not the case.
“They’re not completely wrong, but in some cases they’re probably 5% or 10% wrong. That’s why I call them a magic money computer: any computer that can make money out of thin air. That’s magic money.”
Jameson Lopp, head of security at custodian firm Bitcoin Casa, said in the comments to the video that “Bitcoin solves this problem.”
Bitcoin proponents have long emphasized the cryptocurrency’s ability to hedge against currency debasement, as Bitcoin’s supply is limited to 21 million coins, while the fiat money supply can increase through more “printing.”
Musk says his latest efforts at DOGE have also found that U.S. government departments own more media, software subscriptions and credit cards than they have employees—in some cases as much as double.
However, he believes that 80% of the time it is waste and incompetence rather than a malicious scheme because, in some cases, companies receive money by mistake. And no one in the government asks for the money back.
“We’ve seen a lot of payments coming out of the Treasury that have no code and no explanation for the payment, and so we’re trying to figure out what happened,” Musk said.
“Then we see that, okay, that contract was supposed to be closed, but someone forgot to close it, and so the company continued to receive money. Now, is that a waste or a fraud?”
Musk’s companies have suffered because of his work at DOGE. Tesla facilities in the United States have been vandalized as part of the broader “Take Down Tesla” movement, protesting DOGE’s cost-cutting measures.
Fonte: cointelegraph