FT crypto watch Aug 30


Crypto chillin, we love you.   Thanks for being part of the only movement going for the people instead of the government.   Stay strong, we need you.  Thanks for blowing through the stunning Publish0x to help create the best future. 73ac45fdc71ef9e215a3590b26a21c253241a35df4888f1285c7df7edfda95b1.pngLet us all drift over to crypto in the FT. We screwed up our free subscription string and accidentally paid full boat for a month in our dog's name, lol!! Karma.  Oh well the FT is worth it!!  Wrong a lot, but very worth it. 

Crypto with a front page teaser today!??! Yeehaw!  3c96f63558c41c3468eabae8c888379aaa7dc72513f68655ed5e2ceb95c47275.pngIt's easy to get our hopes up, springs eternal. 

Front page crypto won't say crypto news:  centralized Nasa rocket, after decades of cost overruns, doesn't work the first mission.  Name by committee - Artemis is an uninspiring name,  gender neutral, named after the a romantic a sexual lifelong celibate goddess.  Once a boy saw Artemis naked, she changed him into a girl!! OK groomer.   Artemis planning by gummint monkey committee included reusing the space shuttle engine design ((!!??!!???) which failed yesterday. 

NASA lol.   To keep from flunking our scholarship, we used professor's office hours as free tutoring for multivariate calc.  One math professor was kinda hated by the students, but we loved hanging with him.  Two things were funny from Doc Mittleman.  One was for n-dimensional space, he would hold more than three fingers together, wiggle them, get you to do the same, and say now imagine they ALL are perpendicular to each other!!!  LMAO!!  Happy times!!! 

The REALLY funny thing was the Doc went to NASA to give them a closed-end solution for satellite orbit placement.  OK, a math geek funny, but until the eighties, flight control  took a  wild guess which way to shoot the satellite and then the algos would whipsaw around to the answer.  Same answer, but shamefully inelegant.   We went to the moon on just barely opposable thumbs, man.  

Everyone's betting against the Euro.  Recession on the way just like the UK??

Notting Hill carib festival is back on, that's good. 6e41d270bdcb5dd53928a592a6bdb83394b71c5aba9277d9d8650c3ac9136904.png Carib day in old brookyn was stupendous, before they banned overcrowded live bands on floats and tried to cut down the three day & night J'Ouvert street party.  Lord Shorty!! Lol before "who let the dogs out " there were no Socca hits!! (jump to the left, jump to the right, come back singing the same refrain!! ) 

INFLATION !!! elite mismanagement.  Brussels is freaking as the energy pricing system is exposed, lazy algos only used the price of natural gas to calculate Grandma's to the moon charges. 

Big tax on share buybacks!! big plans on wall street to game / end run the new law, lol!!  

Crypto that SAYS crypto!!  The Sing MAS as wiley coyote story makes it to dead trees.    There is a very funny meme out there, Lucy from the Times  realizes that Wiley is a metaphor for Brexit going wrong:  af2822e2c23899d0b4895bb3784ffaf4088ae2bda671a916cc2c450518228b4e.pngWe stand by our nothingburger plus spin review. 

The BIG READ today does crypto, sort of: carbon offset crypto. d1112be991b314266812d343c23c0c6d182f4d966411e16c0e159468071dee20.png

TTTL, DR:  Carbon offset markets are flawed, crypto is flawed.  Carbonbase did not buy oil rights to Greenland, because Greenland has never produced oil.   That zen parable sums up a lot.   Carbon offsets are a great idea, then again it turns out to be like paying off the Church to forgive your sins.  Which church, how much per sin, where does the money go really?   The FT of course points out how crypto could make it all worse. 

Tokens from Toucan (BCT)  Moss Earth (MC02,  dear readers know we love Moss) and JustCarbon JCR all numbers went down lately. 

Blockchain could help solve traceability, or just a good spreadsheet could do better.  Crypto money could make things better, or feed a frenzy of fungible lies.   WWF started to sell NFTs for ecology, then backed out cause ETH ESG footprint.

The REAL story:  We remember going to the Chicago launch of the Climate Exchange with total awe and jealousy.  Do good and get rich, what a sweet spot.  The climate exchange later closed down as carbon offsets went illiquid.  We can't lob any FU's, BUT.....The FT should really ( just for once, lol, no often really) STFU and give up a little hope for new distributed crypto solutions to possibly help solve some intractable problems.  Post Merge, some eco folks will sell some NFTs for greenspace, and it will help, $(#$#@(*U!!    JustCarbon JCR chart doesn't look THAT bad by today's standards, baby fb4687d98ce19921d5684225c3971e8527e7c6db757fcdb298c058ed1d179431.png show a little future love, FT.  e566a13a54d1a68ec655a8483e5069f8f980b7197585a096e1adbdd3e53cbda1.png

That's it for the FT in print.  Oh, there's a story about Freeman popping multi-millions on a memestonk stock.  The FT manages to work in the criticism that crypto is a Ponzi, gee thanks FT.  Instead of criticizing the players, have a look at the rotten hyperinflation game.  Free money has perverted value investing, it's not the KID's fault.  Have an FU, FT. Have two!!!!  HATE THE GAME NOT THE PLAYA LOL!!! 

Online, the FT muddles through another podcast.  Someone bought cryptopunk 5528 and started crypto rapping, maybe.  Does anyone have a tool to transcribe a podcast no muss no fuss? Otherwise, our ADD noticed he bought 5528 for 40K, now it's still worth a lot (>2x)  more.  We don't care that much about NFTs as art, which makes us idiots over the last few years. FT predicts nft jpegs will not recover, we agree, so we bet we are both wrong.  Oh well, try again to imagine!!

3195fefa046049b8ea2f9953d331e91299c9826f90f4a99d509c97c540e58d46.pngFuture is now. 

 

goodnight is now !! 

Peace, 

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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