Elon Musk has similar views to Dogecoin co-founder Billy Markus and paints a grim picture of “normal money”. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Elon Musk has similar views to Dogecoin co-founder Billy Markus
Tesla CEO Elon Musk has once again criticized government-issued fiat currencies in response to a tweet posted by Dogecoin co-founder Billy Markus. The billionaire highlighted how little ordinary people really know about “normal” money, emphasizing how outdated and malleable it is. Elon Musk made the following comments on the subject:
Regular coin is actually a bunch of legacy mainframes running COBOL in batch mode, where the government can edit the coin database whenever they want.
COBOL, an aging programming language developed in the 1950s, is responsible for roughly 95% of ATM transactions in the US. IBM’s mainframes continue to be in great demand. This isn’t the first time Elon Musk has targeted fiat money. Elon Musk made the following comments on the subject:
You know, when governments can’t keep their hands off the cookie jar and edit the currency database, it probably has some value.
MicroStrategy CEO Michael Saylor pointed to Bitcoin as salvation!
Elon Musk’s latest anti-fiat comment was seen as an advertisement for cryptocurrencies. MicroStrategy CEO Michael Saylor pointed to Bitcoin, saying that there is a need for an immutable ledger with a fixed supply.
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