Distributed money advocates, we LOVE you!! Thank you for drawing breath and coming here to help humanity on the pumping Pub 0x!
We, the Watch Army, changing the fabric of FT crypto coverage, one shell shocking day after the next!! It is important, it is GREAT that you are here.
What crypto news is worthy of the mighty tradfi overseer's eyes today??
Here's a crypto that says crypto, doesn't say the funny parts tho:
TLDR: Bob Diamond was a GIANT of the City!! Not in this article, rarely in the FT at all: Bob was never convicted but they made him step down as leader of Barclays. Paul Tucker was never convicted, but they never let him BE head of the BoE. THAT'S because they colluded to sanction lying about rigging LIBOR!!!
The fall of LIBOR is a HUGE hilarious funny!! The UK OWNED the most important benchmark n the world, LIBOR!!! But hey, all that power was just sitting there, so they abused it. Dear readers know we saw the long bond traders at M.F. Global joking about it. "So, what is your mark so we can kick off the closing scripts for reporting? " " Well, what do you WANT it to be?" WTF don't say THAT!! After LIBOR was corrupted in 2012, they just finally killed it this year, it's funny.
SO, nowadays Bobby is keeping it mainstream and central with the power grab to run the stablecoin market. Dear readers know we love to laugh at USDC for losing ten billion in market share when they self censored over Tornado cash. USDC came in and left 2022 with around 42 billion in market share, USDT went from eighty something to sixty something, only lowly BUSD gained from 14 billion to 16 billion. Circle lost a bit more from their peak in percentage terms than Tether.
Bob is FOCUSED and keeping it mainstream - it's funny, he clearly states he WANTS to be the CBDC of Merica, here!!! And he arguably already is. The REAL story: The FT did NOT give a front page teaser to this story. It KILLS them to hear anyone state the obvious - crypto is here to stay!! Biggest bonus funny is never to mention WHY Paul never got to lead the BoE, and WHY BOB AINT RUNNING BARCLAYS NO MORE!!! AH ha ha ha ha!! Even funnier, if some OTHER major scandal doer then moved into crypto, the FT would go ON and ON and ON and ON allllll about it ar ar ar !!!
Here's a load of agtiprop!!
TLDR: we don't care WHAT this lobbyist says about crypto, he echo chambers Jim Cramer AH HA HA HA HA HA!! & dear reader know Nouriel Roubini did not even hack crypto in his last go in the FT, but this schmuck retweets him!!
Here he parrots the current copypasta. More regulation is SO important!! Even though none of that would have touched Sammy, it DOES distract from how Sammy had Gary playing footsie over brunch with Janet and Maxine at the White House!!!
Like a good hatchet man, Denny skips ALL THAT and focuses on beating on the CFTC, who met with SBF about every month for a while.
The REAL story: Whatever. Boring and predictable. It is TOTAL bullshit to ONLY mention Sammy's meetings with the CFTC, talk about spin!! Instead, not in the FT, we bring the reader a shot of JUST SOME of the EXTENSIVE collection of the va jay jay wall art Roubini proudly and famously had in his NYC "pad."
TLDR: it's about as important as anything Jim Cramer or Denny have to say.
In fact, here's reading music for Dr. Doom's questionable taste in wall mouldings, and for Denny's suspect choice of employmentTLDR: widely considered to be the greatest rock song about groupies!! Dunno, but "girls of the road" by king crimson aged badly, and "use your love" by the Outfield is still overexposed from last century & we just played "hey baby" ar ar ar
Oh here's another Coinbase layoff story, crypto is dead!!
Last summer, Coinbase cut 20%, or 1100 jobs. Now, they are cutting 20%, or 950 jobs. NOT In the FT, run the numbers - Coinbase had 5500 employees, they cut 1100 to 4400. Now they cut another 20%, or 950.
WAIT THAT MEANS Coinbase was back up to 4750 that means Coinbase ADDED 350 jobs or 8%!! HEY FT QUIT LYING!! Somehow we never HEARD about the 8% HIRING ah ha HA HA HA HA!!
TLDR: We STILL don't care about hiring & firing!! & clearly neither does Coinbase!! Ar ar ar! IT's GOOD you socialist bastids!! That's whats wrong with Euroland, no on can get hired CAUSE NO ONE CAN GET FIRED!!! There is only ONE graph that matters here & the FT knows it
TLDR: COIN is up 21% for the year to date baby!! Hey report some MORE job cuts, FT!!! PREDICTION: COIN gonna ROCK OUT in 2023!!
Here's an unhappy camper. Crypto is tulip bulb, dear lord do we have to listen to this in the year 2023???
TLDR: clearly she WANTS to eliminate crypto!!! Seriously we did NOT think we would have to hear TULIP BULBS again. The tulip craze lasted two years from about zero to about zero. Here is the tulip craze:
and here is BTC, zero to STILL HUNDREDS AND HUNDREDS OF BILLIONS lasting for TEN YEARS
TLDR: anyone who has held BTC for longer than a MEASLY TWO YEARS is in serious profit. & anyone who cannot see the difference between those two graphs we do NOT want as out investment advisor. It's funny, whenever someone says crypto is nothing, we think boy, we bet you don't hold any advanced degrees or job equivalent work in higher math, let alone distributed systems. Bitcoin is genius capping years of genius if you have ANY grasp of math, or number go up even, let alone code. Let's check!! Harriet studied undergrad in French, picked up a cheezy MBA from Canada. TBF she did sling a lot of forex at Chase in London, but selling & buying "cable," especially in London, is 100% an insider's club. It has ZERO to do with higher math. There are NO quants in Forex, let's put it that way. Harriet couldn't solve a Byzantine general's problem if you left her alone with a supercomputer for a year. Tulip bulbs worth a trillion again by next month, baby. Crypto winter is OVER!!!!!
Yesterday the FT printed a rational letter about crypto. Today they plan to make up for THAT, with this bit of anti-crypto narrative from a 15 to 16 year old. FT, printing this letter is child abuse.
TLDR: The Banx cartoon is apropos for the suitability of this letter. Remove mind, insert narrative: Only central banks can make trusted crypto. The crypto market could collapse in a few days!! Just because every big firm is going into crypto that means nothing. They should be more regulated.
We just feel bad for this kid. He is so beaten down that he does not understand the Genesis block, and all history, shows that central banks have DESTROYED trust. Someday this kid might wake up, realize what his teachers did to his mind, and stuff them all into a freezer, but we hope not.
JOKE, that's a joke. Sorry, not sorry ar ar ar ar!!
We love y'all!! Take care of yourselves we gotta go sling SPOT memes!!!!
Peace out,
love
Dave
please baby please baby please refer a friend:
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love
Dave