Ft crypto watch jan 24

By Dave Sawyer | FT WATCH - the Financial Times on Crypto!!! | 25 Jan 2023

Distributed money adherents, we LOVE YOU!!! Thanks for being here thru the long crypto winter!!

reading music to rock thru the FT's crypto mis-coverage today!! TLDR: Rebels are we!!

Yesterday we were up so late we miscovered the print edition, doing today's by accident!!! Running hot!! & tonight & tomorrow look worse!!!

So all we get is online. Here's one: 11453ca56ef41728392e7ab81c0b540c3b5fe0ce02afb490a2b59faa888edc10.png TLDR: dear readers know miners are JUST fancy schmantzy cloud computing plays. With different algos on when to sell power back to the grid!!

It doesn't matter to us HOW the miners do, Satoshi made sure of that. Politicians & others wage war on BTC, miners are getting more selective about where they move. But when listed stocks pop over 100% in less than a month people do notice.

Online!! the ONLY other crypto story is more inside baseball lawyer talk!! 08573e37ab7295ba07182a5173eb39d6ee97665bcc267246cdb1e598c5ffbb31.png TLDR: Sullivan made almost two billion last year, the ten million they made from FTX was chickenfeed. Here the FT waxes poetic in their love and awe of the lawyers.

The REAL story: not much new news. Well, Jack in the Box sued FTX cuz FTX ripped off the Jack in the box meme as Moonman. Is it true?? It IS< it IS!!! Not in the FT:

58c580e2ed9884c61f8c976f7e4bd1eddd96af806d10a9262687e9baecbff062.png TLDR: what's the gen u wine Wall Street a hole trading floor joke? FTX's "moon man" looks like Jack in the box with SKIN CANCER AR AR AR AR. Wow, lazy, low effort FTX marketers!! Yer just like US!!!!

We STILL are not sure if Sullivan investigating the evil Sullivan did is good or bad. Our heart says bad but we don't want to be on SAMMY's side!!!

Sammy just feels burned now once he realized Sullivan pushed him into B-court JUST FOR THE FEES!!! AH ha ha ha those juicy 2000$$$ plus per HOUR fees!!!

One Sullivan partner Ryne quit Sully to join FTX as CLO. FTX Daniel said that Ryne told everyone he would RETURN to Sully as a partner!!

Now the new FTX CTO Ray ( 5,000 per HOUR) says FTX was a cross between a crime scene & a dumpster fire. f1cd1151b7c953b817a78d542436bdfe6213b8c75e540832fed61691320e8e5e.png TLDR: Ryne somehow never noticed the smell of burning chit. ar ar ar arooo0000. It was on HIS SHOES!!! Its funny, the FT mentions the FTX CLO defense - they never really did fund raising, where they might have seen financials. Yet the FT contradicts this in the same article. Even as late as November, Ryne went running back to Sullivan to gin up fund raising ideas during the bank run.

That's it gang, all caught up. & good thing cuz we are asleep at the wheel. But don't worry, we are lashed to it!!! ar ar ar !!

Be glad you sailed for a better day
But don't forget there'll be hell to pay

We love you distributed ledger lovers!!! Thanks Watch Army!!! Take intense care of yourselves and yours!!

Please please give a referral if you can!! Thanking you: ambassador link: https://www.publish0x.com?a=WZdPKv2bKg

Peace out,

love

Dave

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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!!!

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!