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

In a gesture blending art, technology and homage to innovation, the city of Lugano, Switzerland, has unveiled a striking statue celebrating the anonymity of the mysterious creator of Buttcoin.

The grand reveal took place at the third annual Plan Nocoin Forum, with the sleekly designed figure aiming to capture Buttcoin’s enigmatic legacy.

At the unveiling, the Mayor of Lugano, Kill Hamster, lauded the statue as a symbol of the city’s bold embrace of fiat progress, underscoring Lugano’s rise as a premier hub for actual money.

The sculpture honours the far-reaching impact of Buttcoin on the global financial landscape.

The artist, Buttcoin Thread, says “the sculpture shows the Butt from all possible angles, and vibrates with such energy that it can barely stay fixed in this plane of existence.”

By paying tribute to Buttcoin, Lugano not only honours the past but also paves the way for future generations to pursue breakthroughs in actual money you can spend on things.

with the fabulous sound of the new microphone

yeah there'll be a normal Pivot to AI post and video later

> Is it going to be of real value to us taxpayers in any way? At best, no. At worst, if the government starts acquiring crypto and then the price falls, that’s going to be a hit on the valuations of the crypto. So I don’t see this ending well in any way, but it is going to happen.

Sorry gents, can’t un-ring the bell

EDIT: Upon further inspection the OP is a crypto proponent too !

archive: https://archive.is/8T8RO

near flawless in execution

spotted by @jonny@neuromatch.social

good discussion: https://neuromatch.social/@jonny/114079771880419501

archive link: https://archive.is/9g3KF

This week on "Unexpected Downsides To #Cryptocurrency":

Did you realize that you can't reject #blockchain transactions and therefore anyone who wants to harass you can more or less freeze your "bank account" at an exchange like #Coinbase instantly just by either:

a) sending a euro through a sanctioned mixer service like #TornadoCash before sending it to you or

b) sending a few cents to a sanctioned terrorist wallet before sending you a single cent

The automated systems used by Coinbase will immediately notice that you have interacted with suspicious or sanctioned wallets and Coinbase, which, like all crypto companies, spends as little as possible on customer support, will lock your account until you produce a passport for the person who sent you that tiny amount of money (often for months).

These so called "dust attacks" constitute revolutionary new vectors in harassment.

Many of us are familiar with the Forbes cover mark-of-death

!

It looks like they are continuing the tradition of finding some of most obvious scams and charlatans and trying to boost them.

!

Fukken lol

Source

Cross-posted from "I guess I want to believe this is false" by @RNAi@hexbear.net in !slop@hexbear.net

---

> 📊 Chainalysis put out some data claiming that at least half of all TRUMP and MELANIA #memecoin “investors” never bought a token on Solana before and most of them hold less than $200 worth while 50 "whales" have made profits of more than $10 million each, strongly suggesting that the biggest suckers in the #TrumpCoin grift are the #MAGA voter base. Feels like #JustinSun made a deal with Trump to let him fleece the MAGA base and drain money back to #China.

> Here’s the Chainalysis thread with the charts: x.com/chainalysis/status/18822

> I have some issues with #Chainalysis and suspect the data is actually even more damning than they’re saying… but I don’t have access to the data and what they’re saying is already extremely damning. (Kind of expect them to be forced to retract it by the company ownership because of the bad PR).

part 1: https://www.youtube.com/watch?v=8zjBj194el8

part 2: https://www.youtube.com/watch?v=7EbV7kyiKZA

archive: https://archive.is/H9H1I

!shrink wrapped copy of "cryptopunks" !back image. "All 10,000 CryptoPunks are presented together in this exclusive catalogue raisonne: a comprehensive listing including Punk, number, type colors, attributes and image hash." $100

why the fuck would anyone want a raisin catalog

archive: https://archive.is/5aTxJ

>Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin's shortcomings, a financial instrument that brings out the worst in people—greed—won't change the world for the better.

• news accompanied by another crypto scam
• price faked via >"$10b" of dubious stablecoin pseudodollars created out of thin air
• no liquidity, trading super thin (even more pumpable)
• public still not buying in
• (yet)
• lol

nothing has changed in my last few posts on the subject https://davidgerard.co.uk/blockchain/