Crypto people we love you.  Y'all know we are lashed to the mast here in crypto winter storms, writing these love notes here on the giant algo mailbox of the surging Publish0x.  Cause we love y'all!! 

Changing the crypto fabric of the FT one click at a time, respect and thanks to the Watch Army!! 

Today in the pink lady: Wow, the mighty adults that are the day print editors decided to put a POSITIVE crypto headline on the front page!!!  TLDR: Thank you, fams, we gotta take the W's when they post!! 

It's kind of a trap, we already laughed at the "crypto could change the world even if "blockchain is never adopted at scale" hairsplitting neggy backspin.    #(#$@#(* FT, y'all KNOW the TOTAL carbon credit market today is about two billion.  What's that all together about not EVEN  25 bips, 0.25 percent of TODAY's crypto market cap??  What the $#($#& is "at scale" to y'all, clearly not the carbon market, LMAOOO!!!!! 

Today what pops? It's funny, ESG evangelists hate crypto, cuz BTC is burning the rainforest, remember?? What's funny is they ALSO hate the BIS, so if the BIS is involved, it looks bad.  Well, yeah, that IS true, lol can't really argue about that!!!   Wow Sugarfix is more right every day. 

Dear readers know it's funny how sad the FT online comments on crypto articles are all the same!!! "WHY don't they just BAN IT ALL!" 

Here's one the FT elevates to print, from a happy first worlder in Chicago.  We KNOW y'all don't have any relatives or even friends living under the Brazilian Real.  Ya look smug saying there are no use cases, clearly not talking to anyone from the Sudan, Lebanon, Syria, anywhere with over 100% yearly inflationYes, Ram, we hope your family never gets crushed by fiat abuse!!!  Or do we???  But let's skip even that, Rammers!! Clearly y'all don't understand the IoT, nor have a CLUE about what Matic is up to in the manufacturing arena!!  Which is funny as the IoT HAS improved YOUR life by now!!!! 

#$(#@&* let's skip EVEN THAT!!!  BAN IT THEN y'all morons!!!!??  Why do regulators "allow" crypto to persist?  BTC was BORN because regulators had proven their corruption bailing out their buds at Lehman in the UK.  Wake up, Ramster, if those same regs could have banned crypto by now, they 100% would have.  Talk about not understanding ah ha ha ha HA HA AR AR AR OOOOOOOOOO!!!! 

That's it for print, we ride for online!! 

TLDR: Spacs plus Crypto = Blackrock plus Core Sci = 4.3 billion valuation riding down to PINK SHEET territory, holy smokes, that's about a 99% loss!!!   It's funny!!! Core went public, started spending 2 million a year on the CEO's private jet while losing money out the -rse!! 

The REAL story:  dear readers know that SPACS are just another funny money perversion caused by MMT fiat printing free for alls.  We don't care about SPACs, nor I-bankers losing money on them.  We actually STILL don't care about large scale commercial mining ops!  It's a last man standing consolidation game for economies of scale!  Always has been! 

Further, dear readers remember Celsius was pumping money into miners like THAT was gonna help get back the billion they lost.  Core Sci was one of those Celsius miners!   Core and Cel are now busy suing each other!  Flying bankruptcy lawyer bizness, but OLD NEWS, Core has been a dead man walking for a while now. 

NEXT!! There's ALWAYS a silver lining SOMEWHERE!!! 

TLDR: It's all rehash.  Toxic, complete failure, massive failure.  Plus a lot more non-quotes about how nooone wants to smear crypto in the Bahamas. Hey  we do get the pic of Sammy wit da golden shovel ah ha ha ha at least The PM wore a #$#$(*& suit for the occasion like a grown-up ah ha ha!! How symbolic, all bribes, fronting, broken promises.  Really they coulda built SOMETHING by a while ago if they were even tryingTLDR: OK one or two hurt locals whinge over drinks & seafood, but not much, Bahamas got the blue wall of silence ah ha ha!!  Again we are lowered to taxi driver quotes, we feel bad for our reporter, but not very.  Have another banana daq with a rum floater quick while the expense account is open!!   On our first expense account, we were in New Orleans YAY!! but our most boring team mate had the credit card, so we only got to eat dinner at the hotel.  Which results in the classic room service calls:  Hi, party of two, I would like six kamikazi's and two cheeseburgers, please. And my friend would ALSO like two cheezeburgers and SEVEN kamikazis  AR AR AR AR OOOOOOO!!!!  Can we put the tip on the credit card??? 

NEXT!! Katy  bar the door, it's Alphaville again!!  Stay lashed against those WAVES of hate!! TDLR:  It's funny AV hates that the FT prints crypto at 5PM when it is back up over 16, lol@ !! Here they link to a live graph, BTC still over 16K hah!! Well, Nic at JPMorgan called BTC dropping down to 38K back in December, so TBF we do gotta respect and listen.   SORT of.  Well here's the reading music anyway:

Much more regulation is what Nik thinks we must hear.  Regs in the pipeline will come forward in the EU and the US. More regs on client fund protection.  Regs to stop bundling services. Regs for transparency on audited reserves. 

Here's a little real thought - Derivative regs will propel the CME to MORE dominance. 

Another - DEXs will not take over from CEXs.   Why not? 

1) Prices are set by CEXs & oracles.

2) Smart contracts are risky, 3bn lost this year. 

3) therefore DEFI can't be managed and audited. 

4) Systemic risks from automated liquidations on DEXs. 

5) Overcollateralization puts DeFi at a disadvantage to TradFI

6) DEXs may have front running problems 

7) DEXs don't have limit orders and stop losses

8) can't assess risk over different coins, plus no limit orders and stop losses

9) pooling assets in liquidity pools might make institutional investors uncomfortable 

OK the REAL story:  WHAT  a bunch of chit, thrown against the wall in vast quantities hoping some of it will stick.   We hear Nik whistling to himself past the UK tradfi graveyard of 2022, LMAO!!!! 

Notice how NIk doesn't MENTION Sammy WROTE the Merican proposals.    Note how Nic don't MENTION CZ showing EiGHTY BILLION in transparent reserves.  

His attacks on DEXs are pitiful.  The market will solve every single question, faster than Nik can understand. 

DEXs do already set LOTS of prices. 

Smart contracts are FINE, cross chain bridges just offer a lotta attack vectors, but that is shaking out DAILY.   

DeFi IS managed and audited, STFU.  Look at just the top TWO, Uni & whoever that day, OVER A BILLION DOLLARS OF VOLUME EVERY DAY!!! 

Systemic risks from lying exchanges like the LME dwarf anything a DEX could pull. 

Maybe Nic has a point about DeFI overcollateralization being a problem for DEXs, it's only rock n roll, but we LIKE it. 

Merv bots will fight Merv bots so that DEXs can live in peace, mark our words.  It's just a lie to say DEXs don't have limit orders and stop losses, just blink twice and they WILL.  #8 is just babbling, and we DON"T CARE about #9, let the big boys stay out then once it's the best game in town, ya KNOW they won't!!!  

BAG IT AV!!! Old and in the way, that's what I heard them say!!  They used to heed the words he said, but that was yesterday. 

Zoom out for the giant hypocrisy!!! If Nic is right about all that reghammering, SHAZAM CEXs will be crippled and DEXs will unstoppably rise above ANY such questions in a FLASH!!!  

NEXT!! Another tradfi tells us to CUT CRYPTO DOWN TO SIZE!!!  Whatever, pal TLDR:  a looooong requote of the=, dear readers know we hate, Matt Damon quote.    If you believe, Joe Schumpeter is here for you with creative destruction to build better out of the ruins of the old. 

But maybe not.  It's funny, the guy who first said Fortune favours the brave?   Pliny the Elder, who promptly sailed his fleet towards Mt. Vesuvius in AD 97!  Trying to save survivors,  he promptly died.  

Crypto is hyped up and must be stopped.  TBF, the FT admits for the first time in a WHILE that Sammy funded the Dems, but denies it made any difference.  Biden is pushing to compete in digital assets!! That's gonna be just like the Wall Street deregulation in the 90's, ow. 

We link YET AGAIN to the let crypto burn story.  Bar all regulated players from crypto 100%!! 

In closing, crypto will never be money.  Too-powerful opposition will stop it. Consign this chimera to history's dustbin!!! 

The REAL story:  OK, STFU.  Adam is a prof of HISTORY, note the FT doesn't list that.  He says fun things like "Crypto is the libertarian spawn of neoliberalism's doomed effort to depoliticize money." .    Hush yer mouth, Adam, tell us all about the thousand year history of Fiat, and how every #$(&#*$# one failed or is failing.  Adam focuses on the twentieth century OH WAIT that means NO crypto except Digicash.  Consign yourself to the dustbin before lecturing us about crypto, please, oh please.   

It's funny,  Adam is one of those who believes crypto will Borg and overcome any touch of regulation.  Oh look it's SCARED AH HA HA HA!!!

The FT does NOT admit Sammy & friends wrote all the current proposals trying to land FTX a regulatory advantage over DEXs.  & everyone else, lol.  Saying BAN IT ALL at the same time as saying DON'T LET IT BE REGULATED AT ALL is getting REALLY old, like history old.  We repeat, BTC will never die, the CME is getting VIG.  The biggest oldest Merican bank Mellon custodies crypto now.  That train has LEFT the station, noone is going to ban all regulated from touching crypto even if they TRIED!! Plus, it STILL wouldn't matter. 

Historian, lecture thyself!! Go turn back the industrial revolution why don'tcha. That must have been WAY too much Schumpeter for y'alls bull#$@$(#&*!!! taste!!!   History will laugh at this position real soon now, no, actually RIGHT NOW already!!! Ah ha ha ha hah!!! Schmoo. Crypto is QUITE real, and easily arguably a lot better money than the GBP, let us tell ya, pal. 

Hey its FRIDAY!!! & the FT is back outta the Bahamas!! and kinda foul about that, here we go, last article: 

TLDR: here the FT is proud to say Lehman Lehman Lehman, we are tired of saying BS BS BS, marcia Marsha MARSHA!!!  A big long rehash of DCG, Barry, Greyscale.  The #$#$(#&* unnamed sources appear.  It's funny, this "industry observer" can't get his head around DCG owning Grayscale, CoinDesk, and Genesis.  AH HA HA HA LMAO we reckon yer NOT REALLY MUCH of an industry observer, then!!!! More like an ignorant biased noob, ar ar ar!! VERY old news.  Have a bag of FU's. 

Silbert jumped on BTC in 2010.  Grayscale did great, but now is discounted cuz ETFs.  Chris from DA Davidson says oh yeah, it's all 2008. 

The REAL story: it is scary that Genesis is on the ropes.  Time will tell, thus far the first step meant it's ALL over for every CEX locking up for more than a week.  

Other items:  rehash HashPipeFlare, we don't care, there are bigger Ponzis not in crypto running away as we speak.  Rehash that crypto can go where other fintech rails cannot, Russia will use crypto a lot in the future!!! Funny, Russia is doing OK with that gold based ruble MOONING and challenging the petrodollar.  How did all the big baddies avoid sanctions BEFORE crypto?? Cuz they DID just fine!!

Rehash Bahama's expense account, rehash already dead Holdnaut. 

Once again, racism forces CZ to say Binance is NOT a Chinese company.  The FT trumpets back - well, where ARE ya based then!!?? like that's a smart question.  The actually smart answer ?

FIrst Binance is NOT Chinese, CZ fled as a youth to Canada, CRYPTO is $##($#@$&#&((* 100% illegal in China!!  it IS racist to keep saying it. 

Secondly, Binance, like crypto, has been taught by the harsh world to be decentralized.  China banned Binance, Binance fled!!  There's a Binance HQ in PARIS, that's all you dumbasses at the FT need to KNOW!!!  ANY one country can ban Binance, it JUST DOESN"T MATTER !!!   Just like BTC get OVER it there IS no one throat to choke!!!  Go ask Protestants why they don't use the Pope to talk to God, better yet BAN talking to God directly AH HA HA HA !!! 

The Brits banned the American revolution, they wanted the Americans to stand in a big group and fight in a traditional way, LMAO, they banned the Kentucky long rifle too ROFL. WAKE UP!!!! #$#(#$&* !!!!!  Ar ar ar ar OOOOOO!!!

Finally, the FT circles back to where we started, Genesis, as seen by Gemini Earn. Whatever, we are desensitizing from this REPETITION. Contagion, contagion, contagion.   They publish a mild looking graph of Genesis trading vol going down: TLDR: we DON'T care, trash another CEX, it's ALLLLL good. Does NOT matter. 

Y'all cryptonauts matter!!!  And our overton window, and our faith and love in finding a better, decentralized way, and a day when we don't have to listen to the nth iteration of BAN IT ALL!!! 

Love, 

peace out

Dave

ps please please recommend a friend thanks!!!  ambassador link: https://www.publish0x.com?a=WZdPKv2bKg