FT crypto watch WEEKEND!! Dec 24th


Cryptonauts we love you!!  Happy happy joy joy!!! Got to take a break from overeating & drinking to send y'all this crypto christmas eve card to you, crypto, the stratospheric Publish0x, and the FUNNIES!!!! TLA!!! 51a39f2f346f390126c7d5832ed1c05c5bf6e0b515eff713e6cddda1bf4d715f.pngTLDR: changing the FT crypto fabric one click  on one chitpost at a TIME mighty Watch Army!!! 

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What do we get in crypto in the FT today??  Well there's always screamin shouting crypto that dare not speak its NAME baby 0220067179b2f950fc1ea523eaa9da39ab1fb3df0a63c0e64260f7e0b38557e8.png TLDR: Wooooo boy, maybe printing fiat is a debt restructuring train wreck!!! Late 20th century approach.  The real story:  If we only knew how bad it really is, when the World Bank is calling it unsustainable AH HA HA HA HA!! 

OK, on with the agitprop review.   A giant article about the Rolex scam where the retail price is 6 grand, but the resale price is 12 grand.  Yes, like some Hermes bags but worse, the waiting list at Rolex is ONLY a cruel joke.   The FT blames THAT on crypto!!! FU in carol form please!! 

Here's one: Checkout.com marked itself down 70% in internal valuation affecting employee's stock options.   This is a scam as old as time, it's a running joke:  your stock options NEVER pay out the way they SHOULD have!!!    In the hands of the FT anti crypto narrative it's all a HEADLINE CRYPTO'S FAULT!!! 

70908b931c0de36fc442a3769b92bfb2dc41e30e8b797b24f094009340c47128.pngThe REAL story:  Checkout lost some revs when all the cash it handled for Binance and Coinbase dropped.  Big freakin whoope de doooooo!!!  Hey let's conflate crypto with Pornhub!! and breaking sanctions!!!   Bite a bag of FU's FT.  No crypto BLOW. 

Hey boys n girls, it's LETTERS OF THE YEAR TIME!! Let's geek out!! Here's the crypto entry, from back in May: df77dac6c783c20f096568136b3f997a0a27ccfe2bedbe8d9c65799e70235c01.pngTLDR:  Tome misses the point.  Why indeed should we trust these people?  But we mean the high-ranking officials from government or the (sic) central bank.    Still it's funny, to Tome crypto is Adam Smith's invisible hand of capitalism versus Hobbes.  Hobbes is the one who asks - what would  rational, free, equal people agree to?   

The REAL story:  OK, we will take those sides.   Adam Smith improves everyone's life based on human greed, competition and decentralized power (/freedom.) Hobbes depends on trusting centralized power to always do the right thing!! Smith vs. Hobbes it is!!  

It's funny, the first time George Soros, not crypto  "diminished the state's capacity to conduct monetary policy. "   Ah ha ha hA HA HA H A!!! 

Online!!  A big fat goose egg.    We felt guilty about drinking on the job yesterday - but the Brits would have wanted it that way ar ar ar!!! We went back and searched for cryptofinance but it was on vaca and nothing else meaningful.  SOoooooo

OK people we love ya!! Gotta go hit the egg nog and wine and gin & VSOP & whaydda got baby !!! canned G & T's OK 

oH ya f068c779caa1f842ea7803d4582662248f2e606e5ebd958a02c527ffe0d89d98.png TLDR: We love ya!!  

Peace, love 

Dave

please refer a friend!!  Follow us on twitter we will follow you back @davidsawyer 

 

 

 

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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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