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FT Crypto Watch Feb 16th!!

Crypto people, we love you!! As does BTC!! Yeah, Igor and the algo of the mighty mighty Pub0x tells us do humor, analysis, anything but the FT!! Do we care!! $9$#!&*#$(*& no we are too stubborn & all drinky fish to boot!! But we ain't doing this without reading music, sticking with the soul tonite: TLDR: Y'all might not want us but WE"LL BE HERE for ya ANYWAY a r ar ar!! 

Today's pink lady!!!   Fiat war machine funnies - the UK minister Ben says, c'mon, give us just a lil increase of TEN BILLION MOAR for arms, y'know, member the inflation the BoE caused?? 

Hey, the FT is really just mailing it in lately.  $#@($&# WE could edit the paper better than THIS!!  One of today's articles about inflation includes THIS pic: e1e1f2f40b2cecbeeeac95bdedf88105f9ae219e2e26799ff683261e7c734b97.pngTLDR:  deja vu all over again?? Look familiar ?? it SHOULD!! Member ALL the way back to, oh, wait it was just this VERY LAST WEEKEND20b76389b8b44d6787dc441c684a112bf9ce85561f1fec61811d78b419f3e66b.pngTDLR: $#[email protected](*& that's LAME!!  

The BIG READ about the FCA 

The SEC going after crypto custodians story makes dead trees.  This time reading, we think they misused the word "mooted." & again, it's total bullshit to blame new regs on FTX.  FTX operated 100% outside ANY such new (or old) regulations!! 

Much funnier, the "big read" story makes dead trees.  Still "yes minister" hilarious in the total absence of the ONLY thing that COULD be the futuristic boost that the PMs wanted and the lil britain deep state denied - crypto!! but don't worry, the day editors JUST TOOK OUT the graph showing how all the other stock indices are way up while the UK is well down !! AH HA HA HA HA !! yeah THAT fixes it LMFAO!!! d7e77169206580db355371381b97681ba39ebce1658d57389ed0422ceff03256.png

Online what do we get??  There's another attempt at a podcast that includes crypto.  It is beyond us - why the #$$!(& do journalists want to do podcasts?  They are just not good at it.  Plus we only read the transcripts anyway, what ADD person wants to slow down & hear cheezy music with our biased news?  First, agitprop about global warming.  Recently a news story said the earth has not warmed at all during the last ten years.  Now, DO NOT get us wrong - we are huge ecologist fans.  Pollution is horrible!!!

But in Merica, Michigan anyway, stringent pollution laws have done WONDERS for the rivers!! Ardent fly fisherman are planning to bring back long extinct grayling (fish) cause the rivers are cold and clean enough once again to support them, it's awesome!! Meanwhile in Ireland, ya can't TALK about it cuz they get all P-SSED OFF, but the rivers are full of suds, all the trout, eels and salmon are long dead, and the job of looking after the rivers is a patronage handout to ex electric and gas execs!!  Can you say centralized power unworthy of trust.   People try to take boats up to look at the pollution in Ireland, and the GUMMINT puts up FENCES in the rivers to STOP THEM!!! Oh, but Merica is the baddies!!  e81b5fa42328e1e1e5b9b5ebc81f86d5331671be74ef481bb4d95fa31172c05e.png OK we are on a rant here.  But look at the landscape can you say drumlins!!? Morains?  Glacial Features left from when THE WHOLE PLACE WAS COVERED IN ICE??  Hell YEAH it's warmer NOW!!  Cuz we are not covered by ICE!!! And mankind had NOTHING to do with that!!! 

is it REALLY WORTH FREEZING THE POOR TO DEATH ?? Member how the IMF was AGAINST helping the poor with fuel bills from the war cuz they wanted everyone to feel the pain???   OK we will stop, but OF COURSE the FT is all 300% one sided the other way.... the funny part is all the ESG religion against natural gas  ultimately ended up effing things up so badly that the FT has an article about how everyone is investing in MOAR coal production... actually that's NOT FUNNY at ALL

Sorry, sorry, Anyway,  crypto.   Here we see the same agitprop as in all the FT stories, only even stupider.   Don't believe us?  Here we see " I suppose" the crypto industry wanted regulatory clarity.   NOT "bespoke" you arses!!!  0bae9f08cd3aa75da4885946de8500307c914dc3e33d16fc6dc95d2272a1d531.pngTLDR:  no supposing, Kraken, Coinbase, Nexo, they ALL TRIED to work with the gummint.   But wait, we promised stupid.  Try this: 9d64d80054227f2c164c2cd7cd528cafea79b08d3bf482bc884c3323da1637d5.pngTLDR: WTF?  we just went back and re-read the bitcoin white paper.  Has the FT done so?? The BTC  whitepaper says nothing WHATSOEVER about the government, nor regulators!!  NOT a $#$#(* WORD!!! it only says that a trust based system of third party banks that allows rewinding of payments is inefficient and intrusive.  So, that's a LIE!!! We WANNA RETRACTION!!!!   Yes, the first block implied that Satoshi was foul with the BoE bailing our their cronies at Lehman's in London.  But NOT the whitepaper!! 

OK OK, that's not REALLY stupid, just a lie.  SO try THIS: 328b2abdfa104697d7164a83f0b8bc0ecdf9ef5460a89f51cb1a34beabea5b29.pngTLDR: There will ALWAYS be regulatory arbitrage.  FTX proved THAT ar ar ar !!!  But my dudes, this is NOT a live broadcast.  Talk about mailing it in! Really, this is the BEST recording y'all could do ?? SIX Y'knows in one paragraph??  We would hate to see the out takes!!! 

Finally, online, the same story yet again about the SEC4d97e93c113e706202556fb365a43a9ebc2863e83d922e7a388a2d1e21a44bba.pngTLDR:  it's a crackdown!! the industry is beset!!  It's REELING!! 

The REAL story: 

Woah, wait, talk about the same story, did we say the FT is just like us, a sloppy crabby drunk mailing it in??? AH HA HA HA HA!! are our eyes WORKING??? b0253f2a91e29a1b11f4c267dfd5413a94f749825a8790f29e2c5ced148dafc6.pngTLDR: are we seeing DOUBLE??? AH AH AH AH HA HA HA HA HA ar ar ar ar arooo0000OOOOOOO!!!!  HEY FT?? ya ever hear of this thing called PROOFREADING??? you should TRY IT!!   

Bonus funny - the FT ALREADY was forced into a correction in THIS VERY ARTICLE!!! In their usual rabid attack, they said the SEC sued Genesis, actually they only sued the lending unit. 

The REAL real story- talk about one sided!!!  THEN In their glee, the FT printed THIS graph:  de15ff355d5b6084c603aca6dc604c95675db3550378d249a7e39e6499b36d19.pngTLDR: oh, are we printing graphs that run from Feb 2 to Feb 15th then?? how bout THIS one then of USDC's market cap!! 350d70c6d12025ba06fc7e21e282a632b5a3ad92fa646d9a93eb422b8c2f1440.png or better yet, THIS One of USDT's market cap!! 40c3c0bc6f8b9028345a238883f8a90f99fa8e5714c61447715be3b4495c8264.pngTLDR:  are we talking market impact of regulatory shock??   HA HA!! Yeah, BUSD lost a billion.  But USDC CIRCLE lost a billion and a HALF!! and USDT GAINED a billion and a half!!!  What does this teach us?? the law of the market HATES reghammering!! and does not give a CHIT really about boundaries. 

oooh we gotta go laugh ourselves to sleep!! we love you cryptonauts!! it's gonna be a great year, take care of yourselves!! 

Peace out, 



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Now if you feel that you can't go on
Because all of your hope is gone
And your life is filled with much confusion
Until happiness is just an illusion
And your world around is crumblin' down
Darling, reach out, come on girl, reach on out for me
Reach out, reach out for me
I'll be there, with a love that will shelter you
I'll be there, with a love that will see you through When you feel lost and about to give up
'Cause your best just ain't good enough
And you feel the world has grown cold
And you're drifting out all on your own
And you need a hand to hold
Darling, reach out,

we love y'all !! sleep tight when you do!! 




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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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