⚯ Michel de Cryptadamus ⚯ (@cryptadamist@universeodon.com)
universeodon.com
Attached: 1 image The house in #Arizona just passed bills to allow up to 10% of the state's treasury (including retirement funds for teachers, firemen, etc) to be "invested" in cryptocurrency. This gives Arizona the dubious distinction of being more fiscally irresponsible than even pro-crypto states like Oklahoma, North Dakota, and Montana, whose attempts at similar bills were defeated in their legislatures. I suspect hilarity will ensue in just a few years if this actually gets signed into law by #KatieHobbs. https://bitcoinlaws.io/az #crypto #uspol #uspolitics #corruption #AZ #AZpol
  • Sibshops@lemm.eeOPMEnglish
    3·
    4 days ago

    Unable to get people in retail to buy people’s bags anymore, cryptobros turn to using taxpayer funds to pump their bags.

  • count_dongulus@lemmy.worldEnglish
    2·
    3 days ago

    I kinda wonder if behind closed doors, major players are seriously concerned about the US dollar and state govs want to hedge. Crypto, being stateless, might be the asset they’re looking at because it’s not as likely to be hit by the dollar collapsing, and it’s not a foreign currency that might otherwise raise concerns or violate some sort of policy.

    Not that bitcoin isn’t buttcoin.

    • Sibshops@lemm.eeOPMEnglish
      1·
      3 days ago

      If they are looking to hedge against the US dollar wouldn’t commodities would work better? There’s a retail market to sell commodities to, where as for crypto it can only be sold to other speculators.