FT Crypto Watch August 19


Cryptokin we love you!  Great to see you sweetie cuties, lookit ya!!! e5366fdccf186a64145d1f7ee969e9d37049e86f6598366b0cfb976b07681569.pngFist bumps all round for making the scene at the ever-loving Publish0x, babeeeee!!!!Thanks for being on the right side of history for the long arc of the great crypto uprising.  .  We need ya'll.  Let's plunge into the negative cryptozone news, improving the cyber coverage of the FT, one chit post at a time!!! It's time for a Love Uprising!!

Crypto not saying crypto: UK consumer confidence hits an ATL. Oxford street is now filled with candy stores not paying VAT.   

Wow, Turkey, facing 14% inflation as dear readers know, just CUT interest rates 100 bips!!  Hey, election next year, rofl. Recep, the pres, has an econ Sahap, and they BOTH believe high interest rates CAUSE inflation!! An amazing political coincidence, quite contrary to mainstream econs.  Chris at TD says recipe for disaster. 

The FT showcases non crypto gamers Embracer. Grind that no crypto in gaming axe, FT!!  What's funny?  Embracer is just running around buying up companies.   Embracer's results are kinda shakey.  The funny part?  Not in the FT, but smart money is selling out to Embracer  just to be able to move on to BLOCKCHAIN BABY!!!  5e54c90f398409988b5ed789e50e577c34ae76f4d2a40807f275ba28d0fa34c4.png Beat that narrative! The FT has already discussed Saint's Row many times.   That's a CHEEZY misallocation of gaming picture resources lol!!!  That's an FU fired off to some poor gamer writer,  except looks like the FT never did a Saint's Row PICTURE,  so judges deny. 

Here's the big CryptoFinance (lovely ambitious name there) newslettery. A blood red, stunningly evil looking BTC there bad moon on the rise FT montage.  edb1bda5ea2c9794aecd39a99bdd5fd9ac9d73902145cb31b4fc873cabcce455.pngTLDR:  BTC number not go back up, ha ha.  BTC tanked against the Nasdaq.  ETH, Uniswap, AAVE and Matic have all popped back up.  Bitcoin got no narrative. Failed as gold, payments, hedge, defense.   BTC is just trading as Nasdaq beta.  

Peter from Aaro Capital says real investors know to buy after the crash, the prices are easier to stomach.  He doesn't see btc as digital cash. The paradox is - if BTC is stable enough to use, then it's useless as an investment.  Ha ha!! 

  It's a tenuous backdrop for risk on assets this year, with the Fed and inflation says Dan from Wedbush. On the other hand, Blackrock, the world's largest asset manager,  is now onboard the crypto train!!!.  Prices always have hammered up after previous crashes.  Just be positioned for the moment it does blast off. 78db6931e43894662494c83f0d649f582816aade0330646ab8c83bd3096840c9.png

The REAL story: it all reads like written to fit the backdrop of bias in the montage.   The clever stability chestnut is old & tired.  Peter from Aaro is moving his firm into crypto, so good on him and good on the FT for for ONCE not sneaking in a crypto hater!!!   

Then we just want to take all that back.   Peter's quote that BTC is not payment is promptly twisted into the zero utility canard. 

Judges say zero FU's,  we demand FU dusting over the bad tude, but are denied.  So that's sort of a half thank you, FT!! 

The rest of the newsletter is mostly rehashes.  A house ad for the podcast, Jemima asking mikey sailor well what if it goes to zero?  Well, what if it goes to 100$ then?  We can't listen mostly due to the total lack of a hard "r" on "dollahs".  But to the FT and Mikey's credit, Mikey's all 100% if we had not done it, we would not be in business now.  Plus, ya know a9bc7d39cefd5d9c18c523d9ed5cc7cc3bb4a89c7041025516d64b0119ab28c6.pngMikey Sailor made yet another purchase of BTC right around the day he announced moving to be head of BTC grabbing.  Stand HIM up fore tha gates of Hell & HE WONT. BACK. DOWN.  

On the Mikey LUNA Galaxy / BitGo divorce, the rehash adds BitGo IS gonna fight!! We get our correction. Dear readers remember laughing at the FT's pettiness not printing that Bitgo's lawyers of course are gonna get paid to fight over termination fees AND DAMAGES!!  Thank you. 

Rehash Alex, Genesis, Hodlnaut, and CDPQ crash n burns we have covered. Finally, a socko ending with a positive crypto graph!! Oh no wait that's crypto CRIME. 

81e1dbf67609983df0dd8a514ac464803e0a4a667b595dea2b8ed89c204e8dc8.pngTLDR:  the words say 2022 scam rev's are down 65%.  The graph says the opposite.  We trust the graph montage peeps more than the journalist, lol.   Then again shouldn't that be tokens stolen?? 

Hey, all in all, a strong week o crypto newsy letter, respect, almost a thank you still. 

One last crypto news won't say crypto.  Old home week for us, Dr. Doom is back in the news!!! 2e70f5cab408c6bde07f4d9290a008e4a7d7d52348dc7ff23c580b085354ba60.pngAt a research party at Shea Stadium with the Mets, this man once randomly  reached out and touched our white work shirt.  TBF, it was very nice high threadcount fresh beautiful & french cuffed all natural dress for sucksess shirt, but still we wondered what he meant.  It seemed positive, reaffirming?  Out in the bleachers of the event seating, we couldn't see the game,  tired and bored with free beer and, ya know, the Mets.  Eventually if memory serves Tim Lynch was involved in throwing whole red barbequed chickens into contact with white dress shirts.  So perhaps Hank was, correctly, questioning!!??!!  We loved him then & we love him now, Doc Doomers.  Here we see him spanking Powell, hardcore what a bore old school, baby. 0a2fc0bb88dc27357f4a6fa3327a4e889344cba4d74c3848386cf0563d1a1346.png

The good doctor doom ran a 200 person research department that had NO BUDGET.  Write down why you needed the very latest Cray supercomputer time, and bam you were running it, in frantic competition with the team next door. Total respect.  You tell 'em Doc!!   Stand and deliver Powell!! not gonna happen, Hank, that would make sense.  In THIS world, Turkey is lowering rates already. 

Homage a Dr. Doom !!! 89ea63b8ce40cf8cf11a5e52093a687dbb1cd6fc8608a038974bff5d8bb14bef.png

Goodnight, where ever y'all are, 

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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