Ciphercoin people we love you!! and the mighty P-0x on which we meet!! The algo keeps trying to tell us to write funnier and lighter!! But dear readers know we never listen to much so here we go again pushing back on the anti-crypto narrative in the FT, one click at a time thanks!!! 

Today's reading music - this ones for all the BURN BABY BURN reghammer advocates in the FT.  AH ha ha ha!!!! TLDL:  this is the best (horn) version! 

In TODAY's lovely pink lady: TLDR: our strength is the strength of ten because our heart is pure, it's EASY with BTC nearly 18K  and ETH over 1300!! and hey, remember the WATCH said last week crypto market cap will soon be back over 900 billion?  Yes baby YESSSSS! 

Tradfi corruption funnies!! Another half billion in cash nabbed in a Brussels hotel room, and they are freezing MEP's bank accounts, it's a very funny world cup scandal!! 

The story on D'Oh being in Serbia makes dead trees.  This time thru, two things pop.  One, Koreans think D'oh could already be in another country given ease of passage within the EU. Secondly, remember Terra labs other founder has NO indictments out against him. 

Here's a fresh crypto pro reghammer story, well maybe FRESH is not what we mean: TLDR:  it's funny, what does "swiftly" mean exactly??  A DECADE WHAT??  Bonus funny - the FT gets to say "LET IT BURN" yet one more time!! Ah ha ha ha ha ha!!

Crypto that dare not speak it's name!! TLDR: we usually argue with everyone but not Mo, we believe him!!! 

That's it for print.  Online!!!  TLDR:  more interviews cheerleading for reghammering by ex reg hammerers than anyone wants. Ever.   Even the FT,  which read them a week late.  There is a couple of  funnies buried in there.  One, the FT gets to say LET IT BURN yet again. Second,  !!! 

The REAL story:  ya gotta zoom WAAAAAY out to see the hypocrisy of the whole conversation.  First off, NONE of this bollocks matters as Sammy ran from a regulatory haven and always had criminal intent.  NONE of these laws would have changed what happened one bit.

Other bollocks - some ex reg sez it's GARBAGE that the US not doing clear regs drives biz out to reg havens.   AH HA HA HA !! what a boldfaced lie.  If the UK let Binance in, London would never have lost more money than any other city in FTX.     Recently, some CEXs offer some interest crypto products.  But when Coinbase went to offer EARN, the SEC threatened to sue.  Unequal enforcement of the law, THAT'S garbage!! But skipping that, auto margin loan / interest platforms like NEXO are bailing offshore due to insanity like the Coinbase treatement from the SEC.   The SEC could let fully regulated players like Coinbase offer fully regulated interest products!!  Instead, the SEC's official, stated  position, seriously,  is "we don't know why not."  Now THAT ist a $#(@*&$#@$(*&#@ !!! godawful steaming pile of garbage, to be polite.

It goes on & on.  Clearly, stablecoins should be regulated.  WHY?  the market will do that better.  

Zoom out even further.  The stated reason bitcoin was invented was to combat the central banks as they bailed out Lehman in London, paying off the bank & bankers on the back of the people eating the dying fiat. We promise y'all, all these reg hammer exes would kill BTC in a MINUTE if they could. 

Zoom out EVEN MORE!!! All the big markets - fixed income, equities,  are controlled by market making activities admitted by various central banks.   The real attraction of crypto is to be actual markets showing price discovery, instead of whatever the politicians want to spend fiat on this month.  Arguably, the futures market has been a way to now start influencing BTC and ETH price action.  But they can't control all the crypto all the time!!! 

NEXT:  OMG is it US?? NO, not deja vu either.  Well, yeah it is.  TLDR: strap up, it's the mighty Lex, not Populi ar ar ar !!  Let's hit it!  TLDR: The FT comes late to the party - the SEC sez Sammy was a calculating fraudster.  Sammy didn't need to raise capital for his hedge fund!!! Cuz  he just stole it from investors in his exchange.  Rehash Sammy's sins. 

The REAL story:  watch the FT try to swing that razor with the agitprop.  The tension between real due diligence and FOMO will continue!!! ah ha ha ha hush.  Sammy bribed his way to the top, scr-w any and all make believe due diligence  investors who never demanded a balance sheet that had been audited by a third party.  It's funny. 

The FT says Sammy was the posterboy, it makes everyone else look bad.  BULL #$@($*&##$(*&!!! London idiots believed in Sammy over Coinbase because Sammy did all the right virtue signaling.   Brian and Jesse and many others look better than EVAH. 

The FT starts clutching at STRAWS for their anti-crypto narrative!!! But but BINANCE halted withdrawals of USDC!!! Yeah, for exactly eight hours, during a time when the regular bank to trade PAX or BUSD into USDC was CLOSED.  & y'all #$(&*$#&(* know that!! Binance TOLD everyone to take their crypto off of the CEXs and keep it in their own wallet!! & paid out every penny of USDC ever asked for, have a FU!!! 

But but latest player in the crypto market to fold - Argo!! Argo was never a crypto market player, just a miner.  That's like saying that network companies and storage companies are players in software and game dev.  It's just not TRUE!!  Dear readers know all the listed mining companies can nuke and BTC will never give a rat's furry arse.   But but fraud makes FTX's collapse bigger than any REGULAR dot-bomb kinda boom & bust failure.  NO IT DOESN'T!!! NOT AT ALL!!!  Finally, FTX's collapse has devalued an entire sector.    Has it really?   This summer, global market cap went down under 900 billion.  Now?  It's over 900 billion again.  Hush, FT, QUIT LYING!!! No crypto startups gains outweigh their losses. AH HA HA HA HA LMFAO!!   Explain this graph then y'all lying pinheads!!! NOT In the FT TLDR: Eat it FT, can you say up 21x in about two years???   Sorry, Lex, y'all are SLIPPING.   Have, what's that, seven out of five FU's for this pile??  Judges try to argue but we DON'T care.  Burn baby burn!! 

We love y'all, gotta sleep now.  Take good care, safe home!! 

Peace out, 

love,

Dave

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ps this version burn baby burn misses out on the interlude center church message.  As does the FT AR AR AR AROOOOO!  so we add it here

I wanted you to understand what I'm talking about
I'm not talking about burning down a building
It's coming from the soul (Just can't stop)
Soul funk (When my spark gets hot)
Burning in my soul (Just can't stop)
Ow (When my spark gets hot), now, listen
Don't you rescue me (Just can't stop)
Let my spirit burn free (When my spark gets hot)

Everybody say "ow" (Ow)
Say "ow" (Ow)
You feel the spirit, say "ow" (Ow)
Disco funk (Ow)
Come out here on the floor, uh
Let's rock some more, uh
I'm on fire (Burning, burning)
Let the good times roll (Burning, burning)
Aw, yeah (Burning, burning)
Hah, get out there, alright (Burning)
Feel pretty good, y'all (Burning)
People getting loose, mm (Burning)
Getting down on the groove, y'all (Burning)
The flame is higher, mm (Burning, burning)
It's higher (Burning, burning)
Alright (Burning, burning), uh, Lord have mercy
I can't get enough (Burning, burning)
I want some more, mm (Burning, burning)