COINDESK DAILY: DOGE's Elon Musk Finds U.S. 'Magic Money Computers'
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 18 March 2025
⏱️ 3 minutes
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Summary
Host Christine Lee breaks down the latest news in the crypto industry as DOGE head Elon Musk reveals the U.S. government "magic money computers."
DOGE head Elon Musk uncovers U.S. government "magic money computers" printing money out of thin air. Plus, Gemini appoints a new CFO to weigh an IPO and Japan's Metaplanet buys more bitcoin. CoinDesk's Christine Lee hosts "CoinDesk Daily."
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | Doge overlord Elon Musk uncovering what he calls government magic money computers printing |
| 0:06.5 | money out of thin air. |
| 0:08.9 | It's Tuesday. |
| 0:09.8 | March 18th, 2025. |
| 0:11.3 | I'm Christine Lee. |
| 0:12.5 | This is Coindus Daily. |
| 0:14.2 | The U.S. |
| 0:19.4 | Government is creating money out of thin air via 14 magic money computers. |
| 0:24.3 | Department of Government Efficiency head, Elon Musk, telling Senator Ted Cruz in a podcast |
| 0:29.5 | that U.S. departments, including Treasury, Health and Human Services, State and Defense, |
| 0:34.4 | have computers that issue payments to people out of nothing without any coherent |
| 0:39.0 | accounting and are probably off by up to 10% in reporting government expenditures. Bitcoin advocates |
| 0:45.5 | are sounding the alarm to fix the money with Bitcoin, which has a limited supply and protects |
| 0:51.4 | against currency degradation. Crypto Exchange Gemini has appointed a new |
| 0:56.1 | chief financial officer as it positions itself for a potential initial public offering. The company's |
| 1:01.5 | latest hire Dan Chen, who previously served as vice president of capital markets at a firm, |
| 1:07.3 | announced the move in a social media post. Chen will work alongside Gemini, co-founder's |
| 1:12.1 | Cameron and Tyler Winklevoss to help scale the business. If Gemini moves forward with the public |
| 1:17.4 | listing process, it will be part of a small but growing number of crypto-native companies |
| 1:21.4 | considering an IPO in the U.S. stock exchanges, including Cracken, Circle, blockchain.com, |
| 1:27.2 | and Bullish, the parent company |
| 1:28.6 | of CoinDesk. Friends, Defi is having a moment. Uniswap Labs, web app, and wallet connect you to the |
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