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Cake day: June 16th, 2023

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  • ryathal@sh.itjust.workstoPeople Twitter@sh.itjust.worksNone. Suffer.
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    12 hours ago

    Blockchain wouldn’t have mattered for 2008, at least not the crash parts. Blockchain would help with who owned which loans which was also an issue. It wouldn’t do anything for the crash parts as that was bad lending fundamentals of no verified income or unrealistic appraisal.

    Blockchain scams are evidence of it’s unreadiness and naivety. Crypto has speed ran the last 200-300 years of financial fraud. Pump and dumps, ponzi schemes, front running, market manipulation, rug pulls, and more.the fact the only viable use case is crime is also pretty telling, anyone that can safely involve a government entity would rather do that.