FT crypto watch Oct 31


Crypto people, we love you!  Thanks to all crypto folks for climbing ever higher on the supernatural Publish0x!!  The supernatural visitors from the future thank you!! f9c409ee2241ed14aea6a6e2c3be48f53338ed6fe7810ba451fd00b04aeeaff3.png

Happy Halloween!! or Dia De Los Muertos!! Or Samhain!  Or, if really boring, "bank holiday" lol!! 

Dear readers know mental health is the number one concern for ALL of us!!  Still, we always think that saying "bank holiday" is really just censoring whatever meaning the people might still feel about their holy days.   Romans took over the Greek holidays, Christianity took them over later!  Halloween was Merica keeping up with the old Celtic tradition.   Samhain, where the barriers between the light and dark worlds are so thin spirits can cross over! Light fires and dress weird to scare off spirits!! YESSSSS!! e000666edbb2b70c32526d0a703adf28c731da82d07a60b944f9a532b6b901c1.png

Yeah ya ya, we know it sounds nuts, but we think  that HOLIDAYS are now censored!! Truly, what censor happy monkees sat around in the EU/UK  and decided it would be a good idea to get the public to call all holidays "bank holidays."  $#(*&$#(*&ers!!!   Bring back Lughnasadh, the festival of the three faced god and year long trial marriages!!  Well, we don't believe in trial marriages! We deliberately got married in Ireland when there WAS no divorce, lol!!!  But y'all get the idea, where is the FUN!!  We want Michealmas and Old Clem's night and Gwyl Mabsant!!!  ROFL  ok ok we know devils  night in Detroit city was a bad idea.  But before it went totally out of control man was it fun for kids!! 

Speaking of fun, here is today's Halloweenie special!! A top twenty punky pop love song!  Covered by Broken Peach, who does a Halloween special video every year YAY!!!!  Don't have a nightmare!!  PVM if we ever had a collaboration thought, we would give it up!!

In the FT today!! NOT a Halloween costume!  We love Ganesha, the Indian elephant headed god of making new starts!!  01ea2523c5c7f52034c2e54319caeb3ff740f58af50b4f5e68f3cd601e136e8f.png This version just was born since India censored 100mm PUBG ( Chinese game)  players.  

Crypto that won't say crypto lol!! 7a86f79d4901355fed3cdc9372e222575ae4b412b3f0df3242744d644d1a2421.pngTLDRCensorship slips for a moment in the heat of massive eff ups, LOL!!!  As the PM succession clown parade in the UK unfolded, there WAS one public benefit!! No, NOT remembering Kwasi cussing on University Challenge, tho kind of!!  It was pols, flacks, radio hosts,  and general yobbos CURSING IN PUBLIC!!  Dear readers know we know THIS all too well!!  

"Foul language boosts group bonding, & raises pain tolerance and physical strength!!!"   That makes us feel better !  As anytime we are going truly 100% for strength and pain tolerance, best believe we are cursing like a Russian or 1970's new yorker!!   & hoping like hell the group will help out STAT!! LMFAO!!! 

Dear readers know Brits are only middling cursers, better than French or god forbid Canadians, but way under new yorkers &  ex-Soviets.  In this case, much of the kerfluffle came from the (dear readers know) immaculate Gillian Tett at the FT.  All she said was "utter bollocks," as in nonsense, as in you cannot say the budget did not ($*&#$&*( the markets. 

Verily, truly, the last month has been at the very LEAST a savage self inflicted (utter) bolloxing of the UK by the UK!! No less blue words would DO!!  ArooooOOOOO!!!! $#(*$#(*#$& --- A right, sister Gill!!   Spell it out for em but remember the alphabet starts with an "F"!!!  ar ar ar 

 

Crypto that says  in the FT today! Only one mention, in this puff piece kissing up to Verena Ross, lifer civil “servant” (hah, more like overlord)  regulator.   f6be7a358a2a09ef9fd08d820172ef303e75a67357fa59be75db7b1b144a6ca5.pngTLDR:  The lead in - what was the hardest part of your 30 years swinging the reghammer!!!  Was it living in Paris as an expat working for the UK?  Was it hiring all those people?  Was it the sov debt crisis working for  the EU?   Was it Covid?  

The REAL story:  Verena can't think of a hard time in her career, cause she has never HAD any.  She never HAD a real job!  No, "analyst" at the BoE does NOT count. Did she have to pick a stock and be judged?  Did she build software to be used by real big money clients and get hammered if it ever hiccuped?? Hell no, when the BoE lets the "clients" (the people)  down the BoE don't CARE!!!  That's for LITTLE people!!   Ross never faced a layoff or making payroll or even won an election.  NO, FT, it is NOT hard to live in expat housing.  It's so nice, HR is supposed to get you OUT of it!!  NO, it is NOT hard to grow a gummint job 10x, hiring everyone you like while EU companies decline steadily all around you!!   No, FT,  the debt crisis nor Covid nor lack of profits, NOTHING ever hurt HER paycheck!!!  And of COURSE she could covid "work" at home as long as she wanted!!  01f06b1aa58465ba2bec772ba969323a9f9b302a108f846629b28ef945e0ab44.png

Miami, which did not really close, is now the new 2022 center of the most intercontinental investments.   Did Ross do that?  No, but Ross WAS trying to directly license the EU's largest crypto asset service providers, before someone ( some country? ) stopped her for now!!!   Ross made ESG threats on Bitcoin & repeated every bit of FT anti-crypto narrative Bingo copypasta ever written.   

Ross never worked in crypto or even finance really.  Now, she's in charge of crypto for the EU.   They hired another her, raised her pay and made Ross Super Chair!!

Kinda like Microstrategy Mikey Sailor  and Kraken Jesse did lol!!!  More free power, less headaches!! OK back to love4ec52e1f7bcc77e54fe6742b2657f8f555db8434268871d92f92b3e01cdcc43b.png

Hey, despite all THAT censoring crypto hate, did we mention crypto winter is OVER??? (#%#@( ---A RIGHT!  

The FT and Ross are SO PROUD !!  PROUD  they  have been warning their people against crypto for YEARS!!!   

OK FINE lets $#(@*$&#(!!! GO there then, shall we?  Y'all #$($#& bunnies!!!  The true index of crypto, market cap, was around 200 billion in, say the start of 2020, we COULD cherrypick a worse  time but let's call that "a few years" ago.   From then, crypto is up 5X.  500% !! In the same time, the Euro went down to a twenty year low, ~25% down?  9db7a81833a6ac0453570c7161b5477ebd19bacf5c6b5e11cb0e9163cbbbfe3c.pngThe pound is even worse of course.   Even boring BTC is up over 3x against the EU in three years.    So, SAY IT, SAY IT #$(@&#$#@$(*&!!!!  D#%%}*^*  Y'ALL ALL TO #(*@#(*!!   If you #$(#$&s had told the ECB to invest in a diversified portfolio of crypto, y'all could have SAVED THE EU!!!  And maybe like bought Iceland for chits n giggles!! 

Thanks so #$(#$ much for the $#(#$&* warning oh wise overlord Verona!!   Didja warn us about the GBP??  AH ha hah ah HA HAH HAH HAH HA!!! 

We know we should let this go, but dear readers know THAT's not our style.  In fact, let's take it to the JOB REVIEW that Verona obviously never had.  Let's take Ross into that special office, the one right off the TRADING FLOOR.    Listen IN!!!!968a6c026d75e3f9475f25ae0c5632e7084b4b01ef5e65c127186a9f75413580.png

SO, Ross, remember we were going for crypto?  Remember then you warned us all against crypto, right, over and over, yeah, WHILE IT WAS GOING   5x up since then??? WTF was that?? No, don't #$#($&!! DEFEND, listen to what the (#&#$(*& WE ARE SAYING!!!!  

What the $#($#($. #$(#$*#$(* !!!!!  What $##$(#* so-called thought did you #$(#$$#(*& THINK  was running through your #$(#*$# head when you $#(#@$&#@$(*&# TOLD US THAT #$(*&##(*$#$&(*!!!???!!???  YOU #($&#(*$&#(*!!!!! 

WE COULDA BEEN UP 500% in THREE YEARS  if we had not listened to your ($#&#$@(#&. $#(#*@$&#@$(*&($*#!!!!!!  26ae954ca97486458bccc7bddae4ba7f89f124fbb59724ab885236a3664dd4f0.pngINSTEAD, thanks to YOUR work, we are DOWN 25%!!!!  Yer fired, security is outside, don't let the door hit you in the ass.   Ahhhh, we can dream.   Now, FT, that woulda been whatcha call a "challenging moment. "   & the word bollocks was far too weak to be used, lol!!  & let us add fixed wing airdrops of FU's from the people!!  for this article AND Verona. 

Wow, we didn't stay in the love zone very long.  Let's just go online for the LAST bit o crypto today: 

ef8729f6809b71f77f9b5f86970e97e97ec08657d01871fa19280baa8db33d32.pngTLDR: Hong Kong, just like London, is losing all the financial power they once had.  Plus workers and residents and AUM and GDP and commercial property values  and whatever else, very significantly due to reghammering crypto!!  Seriously:  London and Hong Kong HAD the global financial hub thing all locked up!!  and they just handed it OFF to Paris, Singapore and Miami!! 

Now, looking at the carnage of their policies, HK will allow a drip of crypto. Whoop di doop, it's all fakery.  Not even too little too late!!! 

The REAL story:  It's sad, it's only gonna be BTC and ETH futures on the Chicago Merch!! It's funny, traditionally, HK should be doing huge deals with London, not Chicago ar ar ar ar ar !!!! bb31f2019ccb91083b71064d0336eaa19afe517adb76283541ea098345e51438.png

Before the Fall, conferences in HK were kinda fun!!  The people working there were free-wheeling, fast moving and future oriented!!  We sold a bunch of tech to Lehman (lol) staffers there !!  They RIPPED OUT the old stuff to put ours in, cause they HATED their inhouse providers!!!  

After HK became Chinese, going to conferences like that  became a chore.  Everyone was afraid to say anything anytime, we swear.  When we look at that conference pic, we see the self-censoring (& actual censoring) going on.  Nothing new is going to be said, no controversy, nothing spontaneous, loads of rhetoric, no one can make a decision.  Lookit that brave new world photo op above, do y'all see it now? Looks like the censored news feed back in the hotel.... b4cea4c57a6abf132b521d0bdd5bad3332ed834f03db13f67fb1db8ef393781d.pngDear readers know our vagus nerve is shot, & we often pay attention to the wrong things, but really the censored news feed starting up in the hotels just drove our lower brain even crazier than usual.  

Which reminds us.  Verona's Esma is so proud of their $#(#*&#$(&. five year plan.  Hmm, who else is famous for centralized, unrealistic, sometimes half insane five year plans that destroy economies?? 

Wall Street  top ten rule:  $#(*&#$#$ your five year plan.   STFU.  Give us  a one  year plan, MAX,  and even then we will only listen to the half year, maybe only three months, (wall street tech - ok ya got one week if that works ya get one month lol)  and then we will take another look.   Even B-school's only preach three years strategic planning!!!  No long term fixed planning !! It's a tenet, a mantra of distributed computing!! Flex n pivot!!! LIKE THE LAW OF THE MARKETS (LEX) SAYS!!! 

Hard to stay with the love!!28fd27a11648dd31182ebd1a2e81c1f444e64cd1a78763ae2b76dfe30fcc4b7b.png Must be the spirits tonight!!  

Gotta hop, peace out

Love

Dave

Please refer a friend to our ambassador link: https://www.publish0x.com?a=WZdPKv2bKg

Before the new airport, landing in old hong kong was the scariest big plane experience ever!!  The pilot would zoom in low low over the  harbour filled with houseboats lashed together!! Then stand the plane up on one wing, seemingly shoot sideways between two buildings,  level out and drop down to land!! Pow you were IN the city!! 

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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