Financial Times has NO_COINERS disease! - prognosis negative!!! must have more bitcoin cowbell NOW

Financial Times has NO_COINERS disease! - prognosis negative!!! must have more bitcoin cowbell NOW


Hey Cryptofans you know we love you! bless y'all for taking money out of the hands of the state.  Had to write this article! Love to the 0x y'all for being here to write to. And thanks for giving us the most likes ever after our (whiny) last article ! 

The FT ( Financial Times ) is a powerhouse paper.  But the views expressed show the  world diving over a financial cliff without digital assets.  Taxation and inflation are swamping nearly all investments outside the USA for decades.   Bank accounts can be locked by your bank or the government at any time, with the taxman getting more access to your accounts every year.  In the froth of this madness,"Premium bonds" are a trend that seem hallucinatory but are real.  An obvious answer to a lot of this is bitcoin - but the FT has the eyes of a no-coiner and it is tragic! d1404ce4cddeb5f540a9179e97baada81a83320bc6dd275835e85656be3afea7.png

We read the Wall Street Journal every day for decades, even religiously got the cheezy fax versions in remote countries.  Loved even the shaky Ted Nugent editorials.  One Saturday a friend called home to ask if the WSJ had printed a certain item yet that year.  We said not yet. He was happy, my wife could not believe that my friend knew we were right.  Only read the workweek FT in London, ever liked it much except maybe Lex, and the long view. But now, reading the weekend version, the FT is a beacon of a paradigm of civilization.  The tiny comic in the WSJ that passed for humor was cringe.  But the FT has a comic by a famous modern author, record reviews, great chess column.   Plus that swanky orange salmon WTH color is perfect for drying bacon on.   8e7ddb2dcb7d5ea0e1485533233816209525746868a97e200fdf12bcd7af6cd8.pngThere's a col called "Rich People's Problems" --now for God's sake, whaddya want from life (and for comic relief, that author recently had his home robbed big time!)

The first "no-coiner" moment in the FT came in an article about--- Can banks lock, and/or close your account, or give it (on their timing) to authorities.  The answer is hell yes AND you can't do anything about it, save an alternate bank or suing the bank for petty charges.  Another item - Revolut, one of the new fancy internet banks for the kids, flagged a guys loan repayment.  They kept it and only gave BACK TO THE SENDER after a call from a MP.   Could be an honest mistake, or just abundance of caution by the bank --- sorry.  Kept waiting for the author to say - or Bitcoin, or Monero, what, hellloooo!!!??!   Another no-coiner touchstone?   Soon the UK gov is shifting to being able to look at your accounts without asking (getting a warrant) first. ae50b3a35c16a0beb286e33d9a024f1a17605ca886d78fbd2c169166e9bd8499.png

A plethora of articles are losing it in the search for alpha / growth / good interest.   Outside of the US stock market, the other major markets have just sucked for decades. Looking at you Great Britain, Germany,  France, South America, Italy...   All of them led by Japan, where the stock market never made it back to its peak IN THE GD 1980's !!!!!!   How's fixed income?   Even worse!  what do ya get, zero point five interest if not negative on cash (trash? ) Or - Bitcoin?  Can you see it?  It's right here!?!? 

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Meanwhile, inflation and the taxman always cometh.  Say you are a happy FT reader,  dump 10 grand into the market ten years ago.  We are LUCKY, much better than most, maybe tied or slightly beat the rate of inflation with  frugal and wise investment.  But of course, we owe taxes ! To get the super rough idea,  say we gained 20% ( but lost 20% to inflation, if you believe ~2% inflation on real world spending)  Taxes take ~half of that or 10%.  SO TEN years of squirreling away investments leaves us 10%  poorer.  OR, seven years of Bitcoin hodling? aeb310cd2f19e857602c7a72d9f907ee5133e321748dadc084f64de25958244e.png

Against this backdrop, many strange scenes play out.  Have you heard of Premium Bonds? Fiddle while Rome burns!  Rearrange them deck chairs on the Titanic, baby.  Premium bonds, hilariously, are where everyone admits the bonds don't pay chit.  So they play a game where they take the tiny amount the bonds should be earning, and turn it into a lottery where different bond holders "win" a coupon payment now and then.  The average payout is (by definition) EVEN LESS than standard low earnings, but the investor feels good, gets a little thrill. Holy Stinking post apocalyptic crap, Batman.   Took me a while to believe it.   Or - ya could have made a simple digital asset index fund.  With interest!    Premium bonds have been around forever - but their current popularity among supposedly sane money managers is just a cruel joke! 

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And of course, the Kremlin watching of WTF is going on in America and the world, where everyone who can print money is doing so.   And the good old fashioned fiat money laundering, scandal and fraud.  Meanwhile,It's that movie where we are crypto and the FT just can't even see us.70ce81f89a98fb288efa6cc654655509294ea4bd74ac79361e3ea4c43975b233.png

 

There is a barrier to entry to Bitcoin, ok. But it is coming down like the Berlin Wall.  And god knows it needs to.  A decent rate of return on coins, along with actual ownership of our account, can skip all the above noise.  Just don't expect the FT to lead the revolution. 

Love, peace, Bitcoin, and little tiny computers everywhere,

  Dave


Dave Sawyer
Dave Sawyer

National Merit got this punk rocker to Oberlin, and Wall Street fintech gave up world tours and an NYU MBA. I am a Bitcoin true believer, now living in Ireland. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


Accelerationist Shit Show - buy Bitcoin NOW
Accelerationist Shit Show - buy Bitcoin NOW

Face it. The geopolitical world is going down hard in a blaze of money printing. America freaking out makes the world freak out, burning cities, riots and total polarization while the MMT monkeys at the Fed make the printers go brrrrrrt as we whack the world economy with Covid. Join us as we go crawlin thru the wreckage. A lot of things that were going good just stalled hard. A lot of things going bad are getting there faster and faster. to quote Nina Hagen, FUTURE is NOOOOWWWW!!!!

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