FT Crypto Watch March 7

FT Crypto Watch March 7


Cryptonauts we love you!! 

Whipping thru the pink lady- we got fiat war machine cheerleading!! Tradfi corruption funnies!! We got Chase and Barclays finally being asked ( & promptly changing their stories) about Jeffery Epstein!!  But for crypto that says crypto?? A bunch of basically good news smeared with a negative headline and neggy spin!! It's a confused, conflicted pile of pseudo bogus intellectualism!!

5fce730e8e4206b984e24348edc2341d046d6a44faee52bf568760c6a1cdc59d.pngTLDR: well, YA, it's FT ALPHAVILLE!! 

Amundi is Eurrips biggest asset manager, bar none!! Their OLD CIO said BTC is a farce!! Their new one says with inflation way above central bank targets, Bitcoin's limited supply starts lookin purdy SCHWEEEEEEET!!!  & blockchain DOES bring asset efficiencies!! 

Well AV can't let those truths from such major players go un chit upon!!! So they promptly trot out outdated, meaningless academic papers dating back to 1999 - actually, correction, back to Aristotle in 350 BC!!!!    To say that no, BTC does NOT hedge against inflation!! even tho some of these papers say other factors were more important.  One of the hack jobs is actually authored by a BIS analyst!!! That's like the old tobacco company studies where the doctors all said tobacco is GREAT!!! da36f6a7fabf84ea60d3c539754c35cbd16f98185d4eeae09c01f43cdd886f66.png FT repeats the "crypto has no intrinsic value" lie and the "crypto is not money" lie, YAWN!!  They repeat a link to poor, lost Haskell loser Stevie's fall guy setup "it could all go to zero you know!" and repeats the VICIOUS CLASSIST RACIST lie that there is no real world use case for crypto!!!   "Hoot, mon!! "  ah ha ha ha ha!!

Moving back to 2018, buried at the bottom, we see a Chinese research paper saying blockchain reduces ABS information asymmetry, and saves 25 basis points in efficiency!! In the fixed income world, wars have been fought for 25 bips baby!!!   Strangely, the very last article even with a BIS author agrees with the 25 bips.  But the hyperlink text written by the FT directly contradicts that content!! AH HA HA HA HA HA HA HA!!!  The FT knows no-one is reading by then.  H-LL THEY aren't reading by then LMFAO!!! ar ar ar ar rarooo0000000000!!!    The evidence is IN !! 

OK crypto people, we love ya gotta hop!! Need to find some bigger funnies!! 

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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