As I was sitting here yesterday evening it came to me. Musk keeps using these guys because they’re willing to do things these other more experienced people are not. I want to be crystal clear: This isn’t something I’m reporting. I believe it’s just the most logical reading of the available evidence.
Basically, people who are a bit older know that it’s not worth committing a crime because their boss said so, but a bunch of interns who don’t know better are willing.
I would have been surprised if they weren’t using COBOL especially when it comes to the Treasury.
Cobol is heavily used in the financial industry for a reason. It’s actually excellent for processing financial data at scale and it’s well supported. Many of these institutions attempt to swap out parts of these systems with modern languages or runtimes; these projects often fail because they’re simply too slow or the new systems crash too often.
I’m not saying it’s impossible to do so, just that it’s not worth it.
If I know anything about financial systems, I expect that some super critical process in Treasury is coded in like assembly via punch cards in some yellow aged plastic box using an Intel 4004 with like 640 bits of RAM supported by like a single centenarian on an as needed support contract because that’s literally the last person on earth who knows how it works and why.