FT Crypto Counterpoint Gazette July 26th!!!


Love to all ya cryptolovers. You know who you are- thank you and yours, and all of us clinging to the life raft of the Atlas Publish0x.  Rock steady Igor!!

We believe in zooming out to where crypto of course will win over the long arc of history.

75863467cb98f88051bca9947b598055cad494f4b47950789ace311a10103a1c.png  Dear readers know it's scary when the rare supersmart people you,  as if, believe in, in this case Peter Thiel and now Sammy Fried, say things like the success of crypto bringing rewards to the masses really depends on regulation. 

Nah, eff em.  Short term thinking.  Past our lifetimes, distributed fiat free money will live on. 

That said, a Short Term Capital Markets conference was the best we ever worked/attended.  Spooky films with soundtracks, faking next years tech,  endless presentations and pricetalk.  Then suits n suspenders  into the whipped up completely illegal casino, cuban cigars. brandy and malt whiskeys, everyone encouraged (read forced)  to gamble. "Not taking any risk is taking TOO MUCH RISK"  was an overexposed  meme.  Roulette wheels, blackjack, whatever.  

We all thrilled to watch a top famous BSD trader John win at craps four times in a row, then loudly bet against himself, and crap out.  Masterful!   Of course despite all watchers, it must have been loaded diceOr was it?  John died of a heart attack months after. Which made us think OH #(*#(*&%!!!!    it WAS luck then. 

Whats the POINT???    IT's ALLLLLL SHORT TERM BABY.   Wall street chestnut zero: long term we're all dead. 

Where were we?  Changing the crypto fabric of the FT one click & chitpost at a time.  FT showed their sweet crypto love chops,  just a flash,  out of print, online only.   What's fer lunch  today? hope it's not cat food again.  BTC back in world indices, Nexo still on blackout. 

Page two, ANOTHER story about trying to save the City from becoming a regional backwater.  ANOTHER  no mention of crypto opportunity costs right NOW,  081444a8887e0d2ce5050f3e4e44a876cc23d14fefe71a799d84ede913fdf6c1.pngno mention of the biggest UK asset management lobbyist group IA pleading regs  for mutualcoin  crypto  Alpha AS PRINTED in the FT. This is  just sad, regressive.   Lawyer proposing something.  References digital forms to enhance governance and ESG, is that his weasel way to say crypto?  Let's hope.  That's prolly a  FU, ten-four, good buddy. That's #$(*&$#(*$&#$  catfood, ain't fit for a horse. 

 

Wooo, cry for fiat holding Argentina, the truth is that luck has left them.  596f4ea249f9b3be36b8785dee178b6171cebc726b8dcde4edf89c9591012e9d.png

TLDR: Bombs away, Argentina devaluations.  The real story: Taggers know the IMF's fiat kills the future??   Dear readers remember our rant against a bitcoin hating ex WTO rep who claimed El Salvador never experienced monetary volatility cause controlled  (by his pals) exchange rates. 

Well, here's a SLAMMING graphix of REAL exchange rates, mr. never-ambassador, volatile enuff to justify a q or two??  6868220dd921393183842afa81dc2e7ec13af295a499f910fee1b837b2b0a442.png From afar a funny fiat fail , no joke for locals tho.  Could be a thank-you, but NO.  NO MENTION of crypto helping these poor souls. 

(!$&$(&$ Bloomberg news says crypto pay in Argentina, Brazil and Venezuela has "proven to be a lifeline." 

Yahoo Finance news says Bitso hit 2 billion in Latam focused market cap, and that US crypto is nice to have but Latam crypto is NEED TO HAVE. 

That fun graph market data - we now realize it's  driven by Bitso stablecoin prices on fleeing fiat to crypto.    Despite the REAL story, officials trying to stop them, link below.  That's a solid one FU for muzzled crypto dogs whimpering to bark in the FT, baying wildly elsewhere.  

Sir Frederick is facing jail, behind on the old $100 million alimony payment, lol. 

LOOK at this PIC!! No crypto but wow WTHa99bd512ae0d306dba64fc7fff1b5522b4e0c9f5c841148227eaa58511e1d194.pngDoes Mrumu like crypto? noone knows, she's ceremonial.  Empire, bye bye weird ass Empire, bye bye. 

Pakistan will get a billion and a half of IMF Brttttttrrrrrrrrttt candy maybe.  OMG raw price of fiber optic cable is up 70% !!! 

KPMG, K freakin Peat Marwick group, fined 15 million pounds and five banned for lying to regulators, there's some tradfi for ya kids. Trust those auditors lol!  Let alone Christine & Janet's forever undisclosed finances. 

Ahh there's the voyager digital slams Sam story we saw online yesterday.  NO pic graphic nuthin here tho. Half a thank you as the FT does headline voyagers customers should have the right to claim remaining assets if they want.  Dear readers know Sam speaks truth there.

Here's the mighty Lex.  Piling on Sammy, who's a vulture investor now.91f7ca047a7a8b263a31a68fde710eb45cc0653ec65a6cd998b493fa3efa7b16.pngTLDR: Lex says SBF is a lowballer SBF's offer was clearly opportunistic, timed to disrupt lawyers fiddling with auction "rules."  Sammy offers fair market accounts right NOW if wanted. Lex says auction is the way, will Sammy bid in open competition?     FT thinks  Sammy has distinctly off-white armour and Voyager was right to reject the knight errant Sammy. 

The REAL story:  Wow, FT, whipsaw ad hominem attacks much?  One day Sammy is the CENTRAL BANK OF CRYPTO, JP Colossus.  Next minute  - pond scum.   We thought Sammy had a option to buy tied to the 75 MM USD life buoy that Voyager grabbed.  The FT says only now did Sammy make an offer, we call bullshit, bet that was just formalizing earlier statements.   Sammy is right, a long drawn out process will just drain value. 

Flash news FT:  Wall Street axiom number nineBE opportunistic. Period.  WTF, consider the opposite, we should all rush run into terrible new landscapes alla time without opportunities?  EFF OFF!!  NO

Axiom #19, shared with art of war & wall street:  Opps multiply when seized.  Sammy should have given bailout cash when it was NOT an opp for FTX?   Sammy should just jump in to be another unsecured creditor??   WTF??  Bag it, Lexers, maximizing shareholder value by judging opps is market jungle law AND YOU (&#(*%ING  KNOW IT.

Time will tell, pass the popcorn, sorry not yet tho to any starving Voyager accountholders.  One out of five FU's Lexxers.   We thought two, but judges claim the thin shroud of balance is partially maintained.

Here is some marketing wrapperware covering a listicle of old crypto articles, some confusingly called premium articles that were printed.  Hmm if we're confused, the marketing is working, congrats marcoms mavens!!   No news,  but let's make fun of the outsized influence of the Publish0x's ethosyes, the FT just said thanks fams. 

c5707922912f5afdc6c783d75aee928e854c9a61dadc4c254cd4b0034be31997.png

Sort of, awkwardly.  Hey, oddly capitalized Fam, Thanks!!  Fellow degen peoplefolk, do you like my skateboard and generic rock band tshirt, and clinging to jargon not hip nor inclusive for 30 years? 

Asset managers haven't even STARTED yet with the blockchain. 

But still, it's getting closer to a love affair. Inexorable, only a matter of time we say!! 09d90fd65c803e9cefef9ed590b88bffc45b03144b879917451014ff82da8521.png Come to the light, FT.  We see y'all shine & spread the highbrow love  when SHILLING crypto news, give us some more  alla time plz can haz now? 

 

Peace, extended fams,  and life is a gamble, 

love, 

Dave 

 

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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. Bitcoin is deeply revolutionary in a way we always prayed tech would be. Keep the baby Faith!


FT WATCH - the Financial Times on Crypto!!!
FT WATCH - the Financial Times on Crypto!!!

The WSJ turned into USA today - which leaves the FT at the top of the heap for serious financial news! Join us for a semi-serious monitoring of the FUD & hate the FT now showers on crypto. Dear readers know we love that pink newspaper but boy howdy does the FT despise crypto--- it's funny. The old guard always fights the new guard. The FT does it eruditely, with misleading comments, fun graphs, and outright lies (usually) attributed to crypto's greatest enemies!

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