FT Crypto Watch May 4th


Cryptonauts we love you!! thanks for laughing fiat tradfi abuses into oblivion!! 

The algo & y'all are clear - funny yes !  Boring no!! But we are dumb yes!!!! so here we are in your mighty Watch Army, two trucks a bunch of jeeps a teacup full of gas and minimal shells & the tradfi Desert Fox that is the FT is just over that next sand dune!!   RIDE TO GLORY!!!!  ar ar ar ! 

 

We missed a nasty dig at crypto.  Here's a story talking about a nearly ideal use case for blockchain.   The graphics and headlines use crypto memes to draw eyes for $(*#&$ sake!!    Make all the whales in the world tradable: 

50a58c15b05b47f4a10c1a97d9443e5fd04d0f0551a154a3074696cf576de22e.pngTLDR: but ignoring blockchain!! Until we hit this nasty little entry into the flat roof pub meat competion: 6f566d75275ef2737ebcd71877ff10338b9be658e0e16534929a3f8eb43d8001.pngTLDR:  in the LAST PARAGRAPH, the author randomly chits on crypto.    This fantasy exists ONLY because of the crypto positive overton window.  If this project EVER flies, it WILL be basically best if if runs on Polygon, and anyone with an IQ above room temp knows that.   Yeah, the virtual machine that is ETH is nothing compared to your bogus carbon credit lies.  $#(*&$#(*&$#(*$&!!!   Three out of five FU's !!! Judges deny, only two.  One for that rando chit on crypto, and one for not understanding the entire use case is a crypto concept.  We insist, one more for not mentioning how carbon credits are usually  #$(*$#(*&!!!  that let Kerry fly private to the ESG confab and pretend it's OK!!! 

 

Aces high, baby!! Online we get this desperate mismosh of spin trying to hide the despair over the once and future rise of king bitcoin.... 

702ce67858bc92adbfab96f0d5995609456d20326aeeaaf98d354cd156c6053c.pngTLDR: Nasty subliminals but of course.   Ya ok the FT had to print BTC is up 70% .  BTC closed Nov 21 at 15,814.   It's at 29 right now.  Call it 29-16=13, 13 grand in price appreciation from 16K means OVER 80% "rise in the price of the flagship currency" so even the CAPTION is a LIE !!! AH HA HA HA HA!!!   even if ya wanna go YTD that's STILL 75%. not 70 bia bia biaaaaa!!! 

Anyway, copypasta scrabbling to paint that somehow the law of the markets is not true.  Even tho number go up, the FT hateth BTC.  Collapses!! Scandals!!  #$(*&$#(*&#$(*#$&#.  $#(#@($&($*&#@$(.  FTX! 

Terra, blah blah blah, lawsuits on Binance, blah bankruptcy blah SVB Silvergate.  " CLAMP DOWN."  did we miss guardrails or are we all past that now ah ha ha ha!!!  DCG!! Genesis!!  Binance lawsuits again! FTX again! ar ar araroo0000!!! ah ha ha!  Repetition is the daughter of lacking substance!! 

Leavened in are some horse$(#&* !! quotes.  Price movements don't mean much unless blah blah fecking blah the industry makes progress to regain trust. WHICH IT IS!!!!

This gem - it's a TWOFER!! Neggy AND sez FTX FTX FTX!!! d02e5e73ea1c1cf722f206f373bf01785b2bf43c85eb0416fdff818f8c339ae6.pngTLDR:  today we learned that Dexterity Capital was busy playing pump and dump insider reindeer games with Sammy the rat!!   So tell us Mikey what space is that for Almeda - the ripping off investors one ah ha ha ha ha!!! 

But even the FT has to admit when money goes pouring out of the regional banks some goes to crypto.  Then they plunge to the attack - LIQUIDITY IS DOWN!! f7b0ac83e44372dc554d310ec3a1c89da6a55cf10d9072b0791c41d4c68845c4.pngTLDR: but the thing is - who cares!! from a HODLers point of view, VERY GOOD NEWS AH HA HA HA HA!!  Plus, still WAAAAYYYY the eff up from the end of 2021!! 

anti fiat war machine late breaking reading musicTLDR: 

ahh that's better.  Sort of.  Anyone who has seen sonic youth get's the joke this next song is titled ner ner ner ner ner.  Kinda like ner ner ner but different. 

We love y'all bright new worlders!!! Take excellent care of yourselves and each other, the world needs you!! Your Watch Army needs you!! Excelsior!! 

 

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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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