If you're from UK/Australia/New Zealand/Canada/US (more spread out), you might have heard about massive property purchases by Chinese people trying to get their money out of China.

For those who haven't heard, in major cities of the countries i mentioned above (Sydney/London/Vancouver/Auckland), properties are being brought out way over market value, on top of housing shortages. Prices have literally doubled in less than a decade. A house in an average suburb in any of the cities i just mentioned will cost $700k-1mil, and that's for poorly insulated, decades old, crap box of a house.

Just search on google for example, "Auckland + Chinese + housing market" or "Sydney average house pricing". Not being racist here, but all news sources will mention money coming from China. Chinese stock markets had trillions wiped off their market.

What's my point? Most people might have just thought "butts are only good for drugs".

BUT, let's just take a look at recent transactions. In the last 30 days (figures from bitcoinwisdom):
- 1.375 million butts traded with USD
- 4.8 million butts traded with CNY
- 31 million Litebutts traded with USD
- 711 million Litebutts traded with CNY

Let's convert these to rough USD figures using conservative values.

Buttcoin: (1.375 + 4.8) x $260 = 1.60505 Billion
LTC (31 + 711) x $4 = 2.968 Billion

2.968 + 1.60505 = 4.57305 Billion USD in transactions A MONTH

Obviously money is traded back n forth and not all transactions count. But just imagine, (a conservative figure of) 100 million USD worth of properties are being purchased in your city every month.

TL;DR Buttcoin/Buttcoin-alts may be ruining economies across the globe.