22

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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[-] Vanilla_PuddinFudge@infosec.pub 2 points 1 week ago

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

But you know it won't be. They'll control the backend of it entirely and it will never be any sort of open standard that isn't endlessly mintable or manipulated by their whims and wishes.

At this point, I wouldn't be surprised to find the US lying about what it prints to curb inflation. Could you even imagine that with zero oversight?

[-] ebu@awful.systems 11 points 1 week ago

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

[-] Vanilla_PuddinFudge@infosec.pub 1 points 1 week ago* (last edited 1 week ago)

Why is everything as free and open as it can be but the second someone suggests doing it to cash, you all have a universal meltdown?

Double standards, much? I hate the crypto market but I saw the potential in the technology. It could have a use but goddamn forbid, right?

[-] flowerysong@awful.systems 11 points 1 week ago

Excuse me, you seem to be lost. This is buttcoin. The sidebar reminds you that our purpose is "hurling ordure at cryptocurrency/blockchain dweebs of all sorts." And yet you are somehow so lacking in comprehension that you think we have "double standards" because we're not falling over ourselves to act like your lame-ass pretense that crypto has unexplored potential is a novel idea we've never heard of before? LOL. ROFL. LMFAO.

[-] Vanilla_PuddinFudge@infosec.pub 1 points 1 week ago* (last edited 1 week ago)

So that's a yes?

I'm not even attempting to unwind your preschool insult slinging. Whatever man.

[-] froztbyte@awful.systems 7 points 1 week ago

you should check if you can get a refund on your schoolyears - they don't seem to have taught you to read very well

[-] Vanilla_PuddinFudge@infosec.pub 1 points 1 week ago

Feel bigger yet? Keep going. You'll get there.

[-] bitofhope@awful.systems 9 points 1 week ago

Look at me, I'm a libertarian! I think fiat currency is scary because I don't understand what social constructs are! No step on snek, unless the snek consents of course, which it should be able to do at any age!

[-] froztbyte@awful.systems 6 points 1 week ago

go be an ass somewhere else, kthx

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this post was submitted on 07 Apr 2025
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