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HomeBitcoinBitcoin NewsThe "magical money" machines of the government? Elon Musk sounds the alarm
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The “magical money” machines of the government? Elon Musk sounds the alarm

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ELON ALMIZCLE declared that he has discovered at least 14 government systems that can issue payments without clear supervision.

Talking about the podcast of Senator Ted Cruz Verdict with Ted Cruz on March 17He said that these systems, which exist in agencies such as treasure, defense and health and human services, seem to send money without an adequate accounting process.

Musk said: “It may think that government computers talk to each other, they are synchronized, add what funds they go to, and it is consistent and that the numbers presented as a senator are the real numbers.” However, he argued that this is not the case, suggesting that these The numbers could be inaccurate by 5% to 10%.

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He described these systems as “magical money computers” that seem to create money “out of nowhere.” Although it did not suggest intentional irregularities, pointed out the cases in which the funds were sent incorrectly and did not recover.

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Lawyer Jameson Lopp commented on the discussion, saying“Bitcoin solves this.” Cryptocurrency supporters argue that Bitcoin’s fixed supply of 21 million currencies avoids the type of moneyless money emission seen in traditional financial systems.

Musk also said that his recent work with the Government Efficiency Department (Doge) discovered another issue: some government departments Have more software accounts, media subscriptions and credit cards of what they have employees. He estimated that about 80% of these problems are due to poor management instead of fraud.

On February 25, Dege considered the use of artificial intelligence (AI) to review the work summaries of federal employees and evaluate the work need. How would AI work? Read the full story.

Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been summoned by multiple established means and is an author published. Even during his free time, he likes to investigate market trends and look for the next Supernova.


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