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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