FT crypto watch nov 3

FT crypto watch nov 3


Cryptonauts, who loves ya?  We love you!! You & your wiley cipherpunk ways.  And the all-encompassing Publish0x!!!
reading music?  Anything that’s rock n roll is fine!! 

Crypto fabric to change in today's FT: 

TLDR:  Once again, the same story, same analysts, miners are dying !  Therefore crypto shall perish, inshallah haibibi cries the FT AGAIN!! Man we thought yesterday was a slog in the pink lady,  now it's GROUND HOG DAY.  Again!!  55cc87fa55de76f707da7ab632ef605c84ebef6b0f7763f2eb7fddd6223e781d.png

Various miners faltered, we don't mind at all.  Commercial mining was always kinda scammy trying to grab crypt adjacent stock money, wasn't it?  Really, BTC mining is all about getting cheap power somewhere in the world.  Everything else is a last man standing game for economies of scale, who CARES SO BORED!!! 

But then, a bit of crypto spin hate comes through from the FT: Miners are just the NEXT IN LINE to feel the impact of the crash the FT gasps.  What? e2d42f586666bbf0b3e459d28e06dc520cd12b5fa245c04e22e4bd616133c538.png.   LOOK at that lie!! The crypto numbers go down didn't cause the crash of Celsius and 3AC!!!   Alex & Kylie and the boy named Su did THAT!! The Machine  lost 1.2 billion off the ledger!!  Kyle and Shit-tzu should NEVER have been given the money to do the idiotic chit they did!! Sure it was only a matter of time!  Plus that ship sailed when ya let someone named Kyle have that much responsibility!!! OK we gotta quit that, sorry, Kyles.  Sort of. 

OK, we all know the FT pays a flat roof pub meat prize regularly for the best anti-crypto narrative efforts.  But THIS, this is the first time it hits like the authors are getting paid by the word!!! 

Copypasta bingo, no, no. noo.... same old Dan from wedbush is all long hard crypto winter, chain reaction in the ecosystem, Shussh!!! Please!! Look at the prices in GBP ar ar ar!! eb4929301a5f018e10ace2339732feb0f27cf602c2da1a5817817d4665456080.jpg

OK, this is what the problem is - this article talks about price action hurting miners maybe nine times.  Whatever.  THEN, it explains what bitcoin mining is THREE TIMES!!    Tony Parshole from Viz comes to mind ar ar ar ar !!  We slog on, only to hit another sloppy wet spin job !! The FT spits doom (Argo "admitted" costs!!!)   Energy blackouts will crush more miners!!  Riot blockchain had to scale back cuz demand for energy!! 

LIE!!! WE WANNA CORRECTION!!! Riot SAVED the grid in Texas!! They funded out a huge capacity expansion with an agreed option to turn off!! THIS year, when the worst peaks of all hit, the grid was SAVED by RIot's deal!!     

7105d5885a34d0620b64e76f9a0ecd5dd1ca7e65b441ee550e9684a58e5ebfe5.pngFeel the hate?  we do!! Wait oh look, miners are still profitable ?? Hah!! What IS this nothingburger made out of then?? 

Moving on!! the Justin Sun story hits dead trees, better pic of the man: d1c4a750aa2bd1898483a9ee5cf93371dd7fdb0598b2db4392a5fe4e28125159.pngsame anti crypto BS from the FT's FUD cannons.  Huboi's move has ZERO to do with crypto reghammering.   It's about the US sucking up EVERYTHING good!!   But even if it WAS reghammering  so $#(&#$#($#$&!!! WHAT??!!??  There will ALWAYS be regulatory arbitrage and YOU ##@)$#(*!!  KNOW IT!!! 

 

What else?? Hong Kong threw a big party to open for biz!!   Then they trapped execs who came but caught the coof! Come for a day, stay for a week! or don't come.... d6fe781ce60e21510a4e92b022d3675be2691a146f3039199cf5c64d603030e1.jpg

Thatsss all folks, that's our crypto news from our haters!!!  We love ya, we gotta sleep to escape the repeating nightmare that is the fT's crypto coverage.  Wish us luck we're gonna need it!! Please when we wake up let it not be groundhog day again

Peace out, love

Dave

please refer a friend!! 

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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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