Ask HN: What Could the New "Doge Department" Mean for Government and Tech?
Trump just announced a new "Department of Government Efficiency" (DOGE) led by Elon Musk and Vivek Ramaswamy, aiming to make government operations more efficient. Dogecoin’s price crazily jumped after the news!
I’m wondering:
- What changes could Musk and Ramaswamy realistically bring to government with this department, aside from firing staff? - Could this idea spread to other countries in Europe? - Is Dogecoin's reaction an indicator of anything deeper in Blockchain, or is this just another hype cycle? - What could this mean for tech companies and businesses?
Would love to hear everyone’s thoughts!
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https://www.persuasion.community/p/a-letter-to-elon-musk
And here is Matt Levine explaining the mechanisms around Dogecoin: https://www.bloomberg.com/opinion/articles/2024-11-13/trump-...
If you can catch that wave in some way you will benefit immensely.
I dunno, that's the best I could come up with.
As with everything it's an excuse to deregulate pesky things like the environment, public safety, etc.