That’s magic money.”Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, said in the video comments that “Bitcoin fixes this.” Bitcoin advocates have long touted the cryptocurrency’s ability to hedge against currency devaluation, as Bitcoin’s supply is capped at 21 million coins, while fiat supply can increase with more “printing.” Source: Jameson LoppRelated: DOGE proposes slashing Internal Revenue Service staff by 20%Musk says his latest DOGE efforts have also uncovered that US government departments have more media, software subscriptions, and credit cards than they do people working there — in some cases, up to double. However, he thinks 80% of cases are waste and incompetence rather than a malicious scheme because, in some instances, companies are being sent money by mistake.
Then nobody from the government is asking for the money back. “We saw a lot of payments going out of Treasury that had no payment code and no explanation for the payment, and then we’re trying to figure out what that payment is,” Musk said. “Then we see that, okay, that contract was supposed to be shut off, but someone forgot to shut off that contract, and so the company kept getting money.
US government cost-cutting csar Elon Musk claims to have found at least 14 “magic money computers” in the federal government with the ability to send money from nothing.
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Author / Journalist: Cointelegraph by Stephen Katte
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