FT crypto watch Dec 20th


Crypto people we love you!!! Yes, you!!! Bless ya for drawing breath.  We love the bones of ye!!!! and every spark in yer lovely brain!! Jacking the future of humanity wide open by separating money from state!!   Reading music:  y'all know we could never resist playing this, ya knew it was coming:

Here changing the crypto fabric of lovely salmon coloured pink lady baby!!! One click on one chitpost at a TIME O GREAT AND FEARED WATCH ARMY!!!! 

What do we get today in the FT gang? Here's a funny one:  1a8045c67449bedd080c1bf6273066a95ca7646aa913ce4c326283ac7ab090b5.pngTLDR: The FT is PRAYING for the death of crypto every day!!!  Here's a dream addition to the anti crypto agitprop:  Todd bought Chelsea FC!! And, the FT says if Genesis goes bankrupt, they have to pay back a bridge loan to Todd that hot minute!!! 

 #$(*&#$ Sources say Todd says it IS due since Genesis EARN locked up and hired an I-bank to consider options, always a bad and expensive choice.   Digital Currrency Group, DCG denies, says the loan from Todd has nothing to do with Genesis.  Todd won't comment. 

Other sources say Todd is trying to help DCG cuz he does not want to lose ALL hope of payback!!  Another VC has given DCG debt a 17% markdown haircut already, looking bad Barry!!!  DCG has about two billion in loans outstanding. 

The REAL story - boy that would make the FT happy for massive crypto OG Barry Silbert leader DCG to collapse, paying the half billion to Chelsea FC with their dying gasp!!! The FT wants it so bad--- we think the probability is low.  Ar ar ar!! seriously.  Remember the FT  thought Amber was dead & Amber  just raised a third of a billion !! 

Look it's a positive crypto story!! oh no, wait, just a letter.  But STILL! 1209cdb56f53473b052bcbffa25657e8c056a9b6a283ba0d5b2196a987f79c50.png TLDR: Danny from MIT says it's too soon to tell if crypto has economic value.  Look at the horseless carriage, and computers, they took a while to get going.  Plus as dear readers know, the people can hide from predatory states.  All kinds of industries could be better with open ledger, and Web3 could really work!!  $#(#U even forcing central banks to create CBDCs alone may generate a lot of social return.  Woah, we disagree on that last one Danny. 

Hey here's a fun one!!  Yuga Labs is declaring they will go toe to toe with Meta and Microsoft to create the metaverse!! Wow, congrats to SOMEONE autistic erm artistic working at the FT - that is absoLUTELY the most repulsive Bored Ape we have ever seen, that looks like an imitation disgusting long dead alien cyborg death cult ape!!! Guess that's the point tho, fair enuff FT  9ac7412a395c36eab9742cedd35247394dae92bcf0d853f7e88f0f6ec96e8981.pngTLDR: Dan Alegre is jumping ship from Activision Blizzard to run with the bored apes!!! Yuga co founders Greg and Wylie ( great name) say WE ARE COMPETING WITH GIANTS AT THE HIGHEST LEVEL!!! yes, baby, yes!!  a16z raised a half billion in cash to value Yuga Labs at 4 billion. Otherside land sold out this year, then nuked down 70%.  However, the SEC is probing BAYC. And, Dan comes with baggage from attacks over poor working conditions and sexual harassment questions, as Activision is taken over by Microsoft.  

The REAL story:  we don't care, prediction:  Yuga will beat Meta and MS like a GONG in the Metaverse!!! 

Here's a happy story!! So nice the FT had to hide it as part of the Chelsea vs. DCG story: 1b5d23dc34f1c43993d196c40bc3f3449bdcb3f62bd7f2e6ed1b024e0c16c639.pngTLDR: we were looking for a big fatty story we saw earlier, where Binance will restore bags to Voyager clients!!   Not gonna happen in the FT we reckon.  Also snuck in there, Binance finished buying Tokocrypto.   The REAL story:  the FT burying this story means it is REALLY GOOD crypto news, ar ar ar ar OOOOOOOO!!! Promise.   In fact, PREDICTION:   Binance will come out of Voyager smelling like roses with neatly pressed shoelaces.  And a boatload of new clients.  Did we say Tokocrypto in Jakarta has 1.5 million registered clients!!! 

Here's a fun story, pass the popcorn!! 26c341162e4dd2c61bd4b994d0482db72b3aec52529b71b92d0775cd208f9cce.pngTLDR: the clawback begins!! Some Sammy lovers have already dumped his money off to charity:  flying lawyers are putting the band back together for this action, game on!!! The FT says it will be a "thorny" legal process to actually claw back.  Should be some funny stories tho!!! 

OK that's it, people, we gotta hop!! Look for some FUNNY cryptos!!! 

Take great care of yourselves, save us some nog!!!  Have a great sleep when you do! 

Peace out, love

Dave

kindly consider referring a friend!  

@davidsawyer on twitter, I will follow you back!! 

 

 

 

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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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