FT Crypto Watch August 20!!!


Hey there crypto lovers we love you!! We missed you did you miss us?? Ya sweetie cuties ya.  Help the universe figure out how to thank you for hooking up here on the ethereal Publish0x to love  humanity all the way UP UP and  away from the fiat swamp. It's gonna be a generational flight. a744bd306378edc0e962a8426aae4adeb31ae7580d80c4eb9d5a0e247da2a75d.png 

Thanks for the love and just for being here.   We are so happy the dog days of the summer are still with us, every precious one with y'all is a thing of wonder and beauty.  Of value forevermore, just like YOU!! d80ac903cc11aaacbfdcb323b829916fe48a45ea109fceeb37de48cb7e13c34b.png

We were down a tad after feuding with the ed board. No future in that.  They are like City Hall.  The title of our best band's tape was "ya can't fight city hall."  There we are,  Houston city hall, lol.  We know have been in Eurrip too long when Flo's decade old hit and fashion starts making sense!! Also in Eat Pray Love (never that much of a Julie fan!??!) we have dog days are over. Took us a while to love this song the first time around. Thought somehow this song was about the people and crypto, then we  just read this & we were sure5c660a2e1d37808dd927572862cccc4322c39ad7097726ec64244c81c5ef5dc3.pngLookit that awesome crowdsourced comment shining through. From Dead Dawg their own selves lol!!   We feel a lot better!! What a great time to be alive!!

We carry that feeling right into today's FT.  Could it be?  are we rewarded?  A positive FT crypto article breaking through the gloom?? d77fd6b3c285edce0aa0f36471b9f3b5a67843192dc3e381828bfc73babffac7.pngYessir.  Ya dogies, lookit big Chris, head of crypto for Andreessen.  Ya always knew browser creator Andreessen was out there on the side of the forces of good, but yeehaw, how ya like him NOW. 

TLDR: THE silicon valley venture cap group CREATED Twitter and Facebook.  Now, gonna take em OUT!!!  Tech Tonic got a16z to talk, and were kind enough to put it in print for us ADD monkeys.
Chris sez it is bad for the universe that five companies control the Interweb. He's gonna use community led crypto to nudge out trad venture cap for high growth startups !! Chris will leverage Web3 to give the decentralized power to the PEOPLE baby!!! Ohhhh yer reading my mail dude!! 

Ok too much fun there.  "Critics" say new tech just means new generation of gatekeepers.  Molly says the new boss is the same as the old boss, sometimes the exact same companies. 

Marc Andreessen , on the Meta board forever, got 3x on his Facebook seed money, put about that into pre IPO Twitter, and is an Elon backer on the current non-deal for Twitter bots. 

Chris sticks to his guns!!! Smart contracts can stop anticompetitive behavior!!   Of course companies will drive to monopoly, but systems can force network effects to accrue to the community and not to the companies!!!

Dear readers remember,  Chris raised eight billion for crypto funding around 2018, and was the first VC to take tokens and not just equity.  Portfolio hits include Coinbase and OpenSea!!! Now launching Flowcarbon, names darling BIG names. 

Chris sez incumbents like Amazon and Google are taking over AI and VR, but crypto is a much wider berth for ops, wild & wide open for his investments to run.  No dominant players muscling in!  

FT sez but but terra bitcoin numbers go down!! Lenders and hedge funds collapsing!!   Chris sez the market is much more appealing now!!!  Downturns are always opps!! 

The REAL story:  what a great story!!  Go cat go Chris!!  Cause Marc n Chris are (#&(#*$&!! visionaries. Lol, slash your way to freedom with distributed code!! 

Oh, OK, it's funny!  Without listening to the audio (thank you) we can hear the FT riffing through their hate talking points on crypto.  But Chris steps to the plate and smashes dingers after homers after grand slams!! BIG dog NO LEASHES CONCEIVABLE!!!  

Molly Knight is fun, sort of.  She studied pre-med at Stanford, then chucked it in to write on sports and mental health.  That's appropriate.  As Hunter Thompson says, there is always a sports desk.  Filled with the low-lifes of journalism.   Here's Molly: d831bd4b22365da3d8c85e6740a3c5b2c2fe562cc9f064dd1202033926127b52.png  Oh ho, she is SO clever!!  Except ya know what?  Molly's just a copycat grubbing for likes. 95de6b97af4efb794e6fc1b99b943d3591219ef712828f3a7686c5d3549d5f25.png

Believe  it.  Molly pulled the same trick before - she MAY have been AMONG the first to TWEET that Crypto.com Stadium will always be known as Staples.  Others said it in the newspaper before her, tho.  She's wrong anyway, it's the Forum lol!

Once again the FT elevates someone with no crypto clue.  Badmouthing &  shilling for fame with derivative, empty thoughts, the constant anti-crypto tirade narrative the FT is still running.   

Honey badger Chris don't care numbers go down, big firms still operating, SOME firms WENT TO ZERO!! gasp!! It's all GOOOOOD!!   

WE don't care about what Molly thinks about a field she is just not in.   Our dad was a sports writer, he’s still an outdoor writer which is even worse, but similar.  Chris on the other hand, founded  SiteAdvisor, bought by McAfee, and Hunch, bought by Ebay.  Chris was Bloomberg's top angel around 2010, and helped start Venmo, Uber, Buzzfeed, Foursquare, Kickstarter.... Molly on the other hand, wrote an inside baseball book and will whinge about the evils of Web3 on demand.  Who ya gonna believe??  A16Z is a numeronym baby lol!! 

Judges agree:  No FU's. Normally in a crypto Web3 story, stacking a neggy Molly against a game changer Chris would make us foul indeed. This time, we just feel bad for Molly and the crypto downer fallacies she & the FT trotted out to piff into oblivion in the light of a16z.  Dog days are ovah!!! 

Wow, that was great!  Hell, TWO THANK YOUS!! 

In the print FT version, PLENTY of crypto no crypto news. UK inflation will beat all to 18%!  GDP tanking worst since - get this - 1709!! lol love for the Empire.  Or what's left of it. The FCA, lead regs in the UK, can't fill jobs and is getting chitty ratings on Glassdoor, LMAO!!   A big inside baseball op ed about all the central banks meeting in Jackson Hole this week.  Hint- it wasn't their fault!! But sharks are circling.  Not in the FT - the BoE will be the party pariah!! ROFL!!     

Tradfi corruption - the head of F1 racing hid a half billion in Sing!!  Crypto that SAYS crypto in the print version?  A big fat zippo. Nada, not a word. Oh, the FT filled the Monday hole in the World Indices, but THAT was all the crypto news fit to print.  Nothing. 

Back in the online, along with Chris, we have one weird and horrible article vaguely about crypto.  d186817839cef927cfc112b44c0836f106c7446b084f371368a7731a0adf70ac.pngTLDR: All Points South was sponsored by Luno. AEG, the corp that runs APS, also Coachella, donated to some politicians, so we should all hate them.  AEG also rented the arena name to Crypto.com, so we should hate them even more. Crypto advertising number go down, so we should hate someone?? Luno used to run ads on the tube that said time to buy BTC, so we should REALLY REALLY hate them.  The Advertising Standards Authority, an oxymoron, says taking advantage of credulity. 

Barry Silbert founded a trading platform, sold to Nasdaq, invested in crypto and now runs the huge Digital Currency Group.  One of the things they do for fun is give people $500 to become Bitcoin Pioneers, Luno sponsored a couple.  That sounds pretty cool, have any Publish0xers applied?? Link below.  Oh sorry, this is the FT, so we should totally utterly hate Barry and Luno for THAT.  Of course.  

Luno published a audit by Mazars, indicating most client deposits  were checked out fine.  THAT means - wait for it - we should REALLY TOTALLY DESPISE Luno cause Mazars had a medium report card from whoever audits auditors.  All Points South fans would be inebriated to be tempted by Luno.  Blawan, Luno, AEG, Mazars and everyone else did not respond. 

The REAL story:  what a horrible, meandering hatchet job on festival orgs and sponsors, aimlessly moving on to crypto.   Why this is the low effort disjointed mistake filled thinking dear readers might expect from US!!

 Here the FT hates on FESTIVAL ORGANIZERS for daring to give money to politicians.  Usually, all organizers give to ALL politicians, we would have to see a full reporting job.  AEG DID respond to the Rolling Stone (who the lazy FT lifted this story from)  denying any conservative bent.  We have been to Coachella and lord knows Coachella  ALONE should give AEG full progressive political cred for life plus all time!! 

The hate moves on to AEG for Crypto.com. Trust us we feel the hate for Crypto.com stadium, it is the Forum,  but never ever thought of blaming the folks who took Crypto.com's MONEY!!  It was a CASH DEAL LOL!! 
We don't understand the hate for crypto ad budgets shrinking at ALL.  It's scary that the ASA -ssholes came running out to swing the banhammer on behalf of the FCA ( who can't fill their jobs, lol.) 

But it's FUNNY that Luno got b-tched at over innocuous crypto ads5f91fdf46939208d38e75e9a7a560d8e4bafa5ba6f658d79088570f1175dca8d.png Yeah?  You *&($#(!$&(#$*!!  #@(@&*!@!($&ers!!   Ya wanna know what is a giant freakin scam that preys on credulous people??   That should NEVER NEVER have been advertised, literally lung cancer in fixed income format??? Premium Bonds from the UK gummint, available since 1957.  Or, as known in NZ, Bonus Bonds.  Same deal. 5c5c0ea995eeda53ea953353530d484e15b8ba3e4f5eaafa9c58cc4a3a2291c7.png It was NEVER EVER EVER time to buy Premium Bonds from the gummint.  Why ?  No actual income, just maybe a 1 in 27,000 chance at a prize every year.  Take a look here: de7fc9e16491a036a9d8555d80c4e3e26034792b155d1f1d49a9aaa2c8b77ef3.png In theory ( do NOT believe it) you might win premiums of around 1.4% a year for your gummint bond.  So really you only lost 2.4% to inflation every year.  Except lol gotta pay taxes on that 1.4% !!! Oh but wait, UK inflation gonna hit 18%!! Premium bonds?  same old same ol.   Where is the FSA and the ASA!!??!!  Want some real laughs?  Put BTC on that table !!! 

Why should we hate a rich guy evangelizing BTC?  Why must we worship fiat gummints instead?? 

Finally, why hate for Mazars?? They are a big 9 audit firm with a billion plus in turnover.  Did Mazars do a billion dollar lie like Wirecard?  Or  Enron?  Are they paying multi million dollar fines and suing each other?  Then they are not up to the  current "standards" of the big four.  We read the Mazar audit.  The auditor auditors are under pressure to do something, so they whinged about improvements that could be made, that's it.  No felony scandals, no fines, not even any corrections for lying like the big four.  In fact, the auditors admitted Mazars focuses on auditing rapid growth industries that may not have great systems to check!!!   

Let's count them backwards!  That's a FU for ragging on Luno's audit by Mazars.  An FU for hating on Bitcoin Pioneers, we are guessing yall do ZERO volunteer work. An FU for cancelling FESTIVAL organizers for donations.  Another for hating innocent BTC ads.  Still another for hating on concert SPONSORS!!??! Luno!!   We want to give another for hating on crypto ad sales going down, but we don't even understand the point of the hate there. But that's ok, this article racked up a full five of five FU's, FT!!  Y'all should be ashamed.  

No freaking WONDER no one returns your phone calls!!!  It's not them, it's you lol. 

OH the love, the love... 3db0674a19e61bb7271cd058b22886edb14d3dd536eaa3f60767879182832157.pngTHERE is the love!! Good dawg days are nevah ovah. lol Dawg is wondering why the €&&@?!?! the Julie like Sara is smoking !  And not giving up that food lmao. 

Peace and 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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