• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Elon Musk Reports 'Magic Money Computers' in US Government

user avatar

by Giorgi Kostiuk

5 hours ago


Elon Musk has claimed the existence of computers in the US government that can send money from nothing. These devices have been found in several federal departments, including the Treasury, Defense, and Health and Human Services.

Discovery of 'Magic Computers'

On Senator Ted Cruz's podcast, Musk explained that these computers act as 'magic money' machines — creating money out of thin air. According to Musk, many of these systems are used in federal departments to manage financial transactions and payments.

You might think government computers are all connected and provide a real view of finances, but that's not always the case.None

Reactions and Discussions

Jameson Lopp, chief security officer at Bitcoin custody firm Casa, remarked that such situations wouldn't occur if using cryptocurrencies like Bitcoin, which provide strict monetary management.

Bitcoin fixes this.Jameson Lopp

Consequences and Criticism

Musk also highlighted finding excess media resources and software subscriptions in departments, which he attributes more to incompetence than deliberate fraud. This discovery has sparked criticism, especially in light of budget cuts.

Elon Musk's statements about 'magic computers' have sparked widespread reaction among the public and experts discussing the possible consequences and the need for reform in state financial management.

0

Share

Other news

Trump Family Discusses Stake in Binance US Amid CZ Pardon Rumors

Trump family may acquire Binance US stake, while CZ seeks pardon. Read more insights.

user avatarGiorgi Kostiuk

a minute ago

ASX Limited Implements Profit-Linked Return Loans

ASX Limited uses innovative profit-linked loans, offering new investment opportunities with returns tied to profits.

user avatarGiorgi Kostiuk

a minute ago

Key Crypto Terms 2025: A Beginner's Guide

Discover the top 7 crypto terms to know in 2025 for a better understanding of the crypto trading world.

user avatarGiorgi Kostiuk

2 minutes ago

JasmyCoin and Chainlink: A New Chapter in Cross-Chain Transfers

JasmyCoin utilizes Chainlink for secure cross-chain operations, enhancing accessibility and liquidity in the multi-chain economy.

user avatarGiorgi Kostiuk

3 minutes ago

Exploring Telegram's Tap-to-Earn Games and Cryptocurrency Earnings

Telegram Tap-to-Earn games offer a simple way to earn cryptocurrency through minimal interactions with bots.

user avatarGiorgi Kostiuk

3 minutes ago

Ripple Expands into UAE with DFSA Crypto Payment License

Ripple becomes the first blockchain firm with DFSA license for crypto payments in UAE, enhancing its presence in the region.

user avatarGiorgi Kostiuk

3 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.