FT Crypto Watch March 28th


Cryptonauts we love ya!!   As does the universe and BTC popping on back UP baby!! 

Last night, mexican tequila took us out, so this is a day late but with love!! Still begging for a dozen good humans to help the Watch Army to 1K, please give us a follow & thanks to y'all who DID!! 

Yesterday's pink tradfi Pravda, then: 

Crypto not allowed to say crypto: 952c28f40bacffab3e21ce9e51d5d80a4bbd9d962bf71ae4ed6b039cc2d54829.pngTLDR:  Banks in Eurrip have basically refused to pass on the increase in interest rates to the consumers.  But HEY!!! maybe them banks don't QUITE have all the power in the world anymore!!  Lose 200 billion here, 200 billion there - after a while it's REAL MONEY AR AR AR !!

THIS crypto can't say crypto story is a BOILERPLATE now: Hamoody Ismail is a personal trainer.  He needs to pay his rent & expenses.  He's GOT the dinars, but his landlord will only take DOLLARS.  064d35502a85061955c33bcd451835471e6e294102ac65a4b1e38f0f03fdd5e0.pngTLDR: how messed up is that!! Hamoody MIGHT be able to buy black market dollars for a 20% loss.  We bet Hamoody wishes he had a working Bitstamp account!!! 

In crypto that says crypto, all the stories we laughed at yesterday make dead trees.  It's still funny, Binance bent over backwards to do everything the US asked in the last three years, only to STILL get sued!!  The great Fiat wars of the early 2020's are on us, baby!!

Online, we get all KINDS of action:  First, three guesses aww ok you win!! It's a story bout Sammy!! 3566c4e135eb8862f93f88642611ae249f6d19180970f6bbb831be300d8ad405.pngTLDR: no haircuts, can't tie his tie, but look he's happy, the center of attention again!!   those who subscribed to the conspiracy theory that Sammy was an inside job plant to bring down crypto are gonna LOVE this pic!  

Story is a non event, a nothingburger to showcase Sammy. , Genesis execs got in at pre ICO prices for FTX and for Serum, which popped 15X at one point, not clear how much made it thru the lockup period. 

Hey if ONE Sammy nothingburger is good, what's BETTER?? MOAR!! 9ee7691bff05c8efd223a97f928b9ac8d09c70d7df9484521b26d4d22d74ea70.pngTLDR: another fluffed up nothingburger.  If American corporations went down for paying guanxi, there would be no Merican corps in China. Here in 2021, China locked up Sammy's wallet somehow, he paid 40MM to take out?? 50mm?? not clear.  It does seem likely that this latest charge came from Nishad ( FTX head of engineering) 's plea deal he just finished.   A good excuse to trot out more copypasta!!  And links to the pitiful "The Legend of Sam" agitprop short we laughed at already!!

Finally, in a REAL nothingburger!! Check this one out!! 0bf7b1c00ef28a724dda7638e965fb3c5cc5dd556e9b3fcd711b82c1848565cd.png

TLDR: Really!  Stake.com invested in BTC back at 20$ a coin, and they offered crypto dice games starting in 2017.  They have grown to be a top ten gambling site now.  The FT is foul because they ran startup ideas past Dan Friedberg, FTX's chief compliance officer.  The Stake owner replies that it was only a few passing conversations.   All the rest is fluffernutter!!! ah HA HA HA HA HA!! Looking DESPERATE, FT!! 

OK, love y'all!! Take care talk soon 

Peace out, 

Love

Dave

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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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