The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks.
Now you can pay your McMansion with McDollars and help bring about the next subprime mortgage crisis.
I enjoyed crypto when it was a decentralized asset that isn’t bound by monetary policy inherent in fiat shell games. Transfer fees were eh, but avoiding forex scalpers was dope.
Dumbasses who only see it as a financial instrument are what has ruined crypto. We literally had the potential for a new gold standard-esque inflationary hedge, and instead we got NFTs, rug pull scams, and a permanently bag-holding ‘investor’ class.
I agree. I thought the idea and technology behind it was really interesting.
But also looking back. Writing was on the wall. A lot of people justify not investing into it. But truth is this was a vehicle that a lot of people could have been well off with. But online types couldn’t help but shit on it.
Is it great? No.
Could people have changed their lives? Absolutely.
Will they get another chance like this? Probably not.
And it’s one of those moments in my like where I’m kind of waking up to the type of people who did this complaining about crypto or AI or Google or whatever the new thing is. They’re always there just acting like a body guard to opportunity for growth and improvement. It’s the Reddit mentality the r/relationship advice mob shouting DIVORCE at every opportunity. It sucks because people do listen to them.
I enjoyed crypto when it was a decentralized asset that isn’t bound by monetary policy inherent in fiat shell games. Transfer fees were eh, but avoiding forex scalpers was dope.
Dumbasses who only see it as a financial instrument are what has ruined crypto. We literally had the potential for a new gold standard-esque inflationary hedge, and instead we got NFTs, rug pull scams, and a permanently bag-holding ‘investor’ class.
I agree. I thought the idea and technology behind it was really interesting.
But also looking back. Writing was on the wall. A lot of people justify not investing into it. But truth is this was a vehicle that a lot of people could have been well off with. But online types couldn’t help but shit on it.
Is it great? No.
Could people have changed their lives? Absolutely.
Will they get another chance like this? Probably not.
And it’s one of those moments in my like where I’m kind of waking up to the type of people who did this complaining about crypto or AI or Google or whatever the new thing is. They’re always there just acting like a body guard to opportunity for growth and improvement. It’s the Reddit mentality the r/relationship advice mob shouting DIVORCE at every opportunity. It sucks because people do listen to them.