ArriveCAN $50 million and stablecoins warning

    by Gigliola: Canada

    The firm that got picked for ArriveCAN didn't come with a software pedigree, and Canada still handed over $50 million for it. That's the pattern: the federal government keeps staffing projects with people who don't grasp the systems they're building. So when the speaker floats the idea of waking up locked out of your bank account, it lands differently. Maybe not shocked. And if the money ever comes back after a breakdown like that, the guess is stablecoins, not dollars. People will want their dollars

    Transcript (en)

    look around at who works in the government. Are all of them the most competent individuals, right? It's not necessarily like, if the right person was hired for the job, there's a lot of very smart people in government, don't get me wrong. But like there's case in point again and again and again that someone's job is to hire for something they don't understand. That happens all the time. Like literally all the time. They go, like I go to the Arrive Can thing all the time where they hired some sort of firm that wasn't even known for software development to build a $50 million app. Case in point, right? So how often is that going on where we haven't seen it, right? And who was making these decisions to build this infrastructure? Because when a lot of these things were built, and I'm hopeful that they're improving them and advancing them over time, but like a lot of things get left by the wayside because you don't care till you care. So it'll be very interesting to see. But I do think Multimatic, Mike says here, prepping for a global AI crisis. If there's like an event that happens, in my opinion, it'll be this stuff on infrastructure. Like I already said to a bunch of people I know, I said, this sounds insane, but like, don't be shocked if you wake up and you can't access your bank or you have zero money in it. I wouldn't be shocked of that. I wouldn't. Oh man. And I think they'll give everyone their money back, but probably in stable coins. Man, give me my dollars. So we'll see. Give me my analog digital fiat dollars back. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.