FT Crypto Watch Nov 22nd


Crypto people we love you.  Thanks for being you in this best possible time to be alive!! Teasing out money to escape from state abuse. Here on the unending Publish0x, gang!!! 

Reading music today:  Yeah, we've come to the old social distortion now, that's where we are.  If "story of my life" comes on next, let it play. 

Crypto in the pink lady, with love, changing the fabric of the FT's crypto coverage one chitpost and click at a TIME GANG BANGERS!!  Y'all know the score, yer not rookies of the year anymore ar ar ar !!

In the print version, the BoE's warnings against FTX style bundled services makes a teaser on the front page!!  Story on page two!!  We stand by our thoughts - it's FUNNY to hear Thir Jonnie say he's a financial stabiliy auth thor it TAY!!!!!  When inflation is at a FORTY YEAR HIGH STERLING AT AN ATL!!! And pension funds dead in the street, vulture VCs prowling the UK ah ah ha ha ha ha!!!  

THE DAY EDITOR'S CLIPPED Zir Jon's quote AR AR AR AR OOOOOOO!!!  Here, we will print it AGAIN from the archives50ae3d1d0bf0a2d4ce24c8a232082beb258c9725e7d47790c9a2e4baa3ddae7c.pngTLDR it was TOO funny for the REAL editors to print !!!   What a schmuck!!! even funnier, now suddenly he is a crypto expert.  The billions that have blown thru DEXs are not enough for him, he thinks he understands how Uniswap is not really decentralized AH AHHHHH STOP AH HA HA HA HA!!!!   We might think about hearing you if you had not just DONE THE WORST JOB IN FORTY YEARS!!!!!!  The ONE job you HAD, ah ha ha!  There's no credibility coming back for y'all for ragging on one crooked exchange with a good social network!!   The failed reg hammerer calls for more reghammering!!!  When yer in that hole, keep digging!! IT'S GOOD ENOUGH FOR GUMMINT WORK AH HA HA HA HA!!!! 

Moving on - one ray of light in the letters printed.  Anthony from Bretton Woods points out the implicit indictment of digital finance  throughout the oped by lawyer/ prof  Hillary we reviewed.   It's funny: 66b7b95d441d3dde5da50147c5e152ccd7b0bfd109862191e49c68d1c49c5146.png Coinbase was FINE.   

Here's a story about the cult of personality.  We don't take it seriously cuz it doesn't mention Maxine, Gary, Janet, nor MIT.  AR AR AR !!!  Plus near the end of this non-story,  a total non-sequitur (trust us we should know lol!!!)  The author  pumps in those FT anti-crypto talking points.  He has to say crypto contagion risk is high!! It's not really decentralized!! 39ed1a948c2be5219dcbbfa862c91043245e9bea64c3102dfa2f6623cfaa9965.pngTLDRmaybe all the real crypto stars are still now just ABOUT to fall!!  Yeah, or maybe not.  Hey all the FT writers want to win the FT flat roof pub meat prize for best anti-crypto narrative for the month. 

The REAL story:  Bernie Madoff was a HUGE political donor, New York elites LOVED him too!! Say it SAY IT #$@(#@$(#*&@!!!!    Have two FU's, pal. 

That's if for the dead trees!! Let's go online!! 

Ya know, Woodbridge ran a 1.2 billion dollar ponzi in 2017 money, so that's about  a billion and a half today.  But it wasn't crypto, so we don't even remember who ran THAT.  But now 720eef8eba6ff292ad4ba05763bf140d9573530cc529a59909cb026b5e1f26b3.pngTLDR:  Tallinn is a weird city, it's the one in a Dick Van Dyke movie where all the locals slam the doors & bar them tight while someone is stealing all the children. No, seriously.   

Sergei and Ivan in Tallinn, had a fake mining company called HashFlare ( ah ha ha ha really ?? Hash pipe?).  They ALSO had a fake BANK AR AR AR AR !!!

The REAL story: a ponzi is a ponzi is a ponzi.  How hard was it to blockchain browse and see these idiots?  How hard to check out if a bank is real?  What, maybe call them ??  Leave crypto outta this. 

Moving on:  Here's an agitprop blather, be glad we read this so y'all don't have to 9314e4679e54f4a79079f968f120a380eb66ab108d65c5075529b9bb327a1156.pngTLDR: remember that lovely "let crypto burn" article we laughed at?? Here's part two, with a link to part one.  Boring!!! 

Here the FT claims to know better than Micheal Barr and Gary Gensler.  The shrill and desperate cry goes out once again!!! Please don't regulate crypto, it will only legitimize crypto!!!  AH ha ha ha ha!!  

The FT does not comprehend that crypto is a currency.  It's funny, they say that sports betting fails the Howley test and could be considered a security.  But no one wants to send a bad sign about GAMBLING AH HA HA HA think of what yer SAYING!!! 

Here the FT is p-ssed that the CFTC even allowed BTC ETFs.  Ha ha, ner ner, crypto will NEVAH die now that the Chicago Merc is getting vig, baby!! The FT is crying because Mellon is now a crypto custodian and asset managers are piling on.  That's right, FT, eat that crow, it's only a matter of time cough cough gack. 

Finally, online, we have this hack.  Lookit THAT neggy graphic, ok we have it coming ouch ouch ouch e3db9e3a38c12aa33d477180e4a9509e752bc5911e3fbc2f798852b3e401dc7b.pngTLDR:  more bodies float to the surface.  Ikigai asset managers had about 100% of their (only 30mm) assets on FTX.   Rehash Galois Cap doing the same thing.  Maybe 33% of crypto hedge funds had some exposure, with the average exposure around 10% of AUM. Rehash, rehash, ah ha ha, Su Zhu once tweeted he assumed SOMEONE did the due diligence on FTX when he moved there ah HA HA HA HA !!! 

The REAL story: We do NOT care about hedge funds that are not hedging over multiple CEXs, like most did.  Plus any fund with under 100mm is a fart away from death at all times already.  Another nothing story so the FT could say Lehman, Lehman, Lehman.    Marsha, marsha, MARSHA!!!   Dear readers know this ain't Lehman.  Lehman was 100x the size of Sammy!!  and Sammy only had the politicians AND regulators in his pocket for a COUPLE of years ah ha ha ha!! 

We love y'all!! Thanks for being here!   please refer a friend, thanks!!  ambassador link: https://www.publish0x.com?a=WZdPKv2bKg

gotta sleep, 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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