Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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dgerard@awful.systems

U.S. Housing Agency Considers Launching Crypto Experiment (www.propublica.org)

submitted 1 week ago by sc_griffith@awful.systems to c/buttcoin@awful.systems

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introducing speculative assets into the housing market has caused some problems before.

it's for corrupt purposes, of course:

The blockchain idea is being pushed, a HUD official told colleagues, by Irving Dennis. Dennis, the agency’s new principal deputy chief financial officer, is a former partner at the global consulting giant EY, also commonly known by its original name, Ernst & Young. EY itself is involved in the proposal as well: An executive of the firm discussed the idea with HUD officials last month.

a followup story: https://www.propublica.org/article/hud-cryptocurrency-blockchain-democrats-maxine-waters

archive link: https://web.archive.org/web/20250329193844/https://www.propublica.org/article/hud-considers-crypto-blockchain-stablecoin-housing-urban-development

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[–] ebu@awful.systems 11 points 1 week ago (13 children)

If done right(it won't be), it could replace cash.

how are you people still doing this. every other cryptonut on the planet finally moved on from this talking point in 2022 when it was very clear that beenz.com was and is not the backbone of any kind of stable anything

and, for the love of god, having the economy slightly inflationary, physical, fiat, not public, and manipulatable by an administration according to changes in market demand -- is a goddamn feature of the system, not a bug. it's actually both good and critically important that the US is capable of changing things like interest rates to maintain an economy

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