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

    • bitofhope@awful.systems
      link
      fedilink
      English
      arrow-up
      9
      ·
      9 months 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!

      • Vanilla_PuddinFudge
        link
        fedilink
        English
        arrow-up
        1
        ·
        9 months ago

        Hey, I know the only way to win here is to not play. I know you’re all too dyed in the wool by the hive mind to support anything that you haven’t been told to dismantle.

        Maybe we’ll both throw molotovs at a bank one day and go, “Hey! I know you!”. “Small world!”