this post was submitted on 24 Mar 2025
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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.

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[–] DarkSpectrum@lemmy.world 4 points 6 days ago

It feels more like they are trying to use the guise of 'foreign aid' to try and install international dependencies on a US led crypro-currency in response to the dying global-economic relevancy of the US Dollar. Or not.

[–] Sibshops@lemm.ee 24 points 1 week ago

“It feels like a fake technological solution for a problem that doesn’t exist,” she says. “I don’t think we were ever able to find an instance where people were using blockchain where they couldn’t use existing tools.”

It's rare to see someone getting it in popular media.

[–] BlueMonday1984@awful.systems 13 points 1 week ago (1 children)

Trump administration’s blockchain plan for USAID is a real head-scratcher

Taking a shot in the dark here and saying they're implementing blockchain to enable corruption and fraud.

[–] Sibshops@lemm.ee 3 points 1 week ago

Yes! There was no fraud before, so lets add some and take credit for fixing it. It's the classic Trump cycle.

[–] swlabr@awful.systems 5 points 1 week ago (2 children)

My understanding of USAID is that it is primarily a front for CIA operations. So, having all their financial activities recorded on a public ledger would be not particularly… intelligent. So there’s that.

[–] bitofhope@awful.systems 0 points 6 days ago

Works as a flex I guess. Does this government agency budget statement really include a multi-million dollar line for "arming fascist death squads to destabilize countries most of us couldn't find on a map"? Why yes it does, what are you going to do about it!