Funniest crypto week of August 14-21st


Cryptokin you know we know you know we love you!   Thanks for helping mankind take the higher ground over fiat induced tortures, reaching up to money for the people, of the distributed people.  It's a wild ride, and we need every bit of y'alls brains and heart.  Bless y'all for touching base here on the magnificent Publish0x!!  

Dear readers know we are here for the laughs - & it's a comedy for thinkers as always this week in crypto!  84518d26a307cfb2ea60b4d0d03dc6655936af719b48b81853720df5c15507e9.png

Viz:  The final descent into madness for CelsiusNews:  Celsius is out of cash in October!  News Flash:  Lawyers say oh no, we can pay ourselves, and pay the execs who pay us,  at least three months more!!  News:  Celsius is still getting loans (to pay lawyers) which will reduce equity if/when they can't pay them back!! Related news flash:  Celsius is missing THREE BILLION now!!! News flash:  Celsius is continuing with their master plan of investing money to lose money in BTC MINING!!??!!??  WTF?  We can't even joke funnier than this (sur) reality.   Oh, but the mining will start to turn a profit next year!! Bulls(&$&$#(!!  no way will they recover sunk costs.     

Meanwhile real world bankruptcy experts that bought mt gox coins say Celsius is dead as a biz, investors will be lucky to get 50% back in a year. 

More bankruptcy funnies!!  Viz:  Voyager wants to pay  2MM in retention bonuses to key non exec employees.  Creditor committee says hell no, no one is quitting anyway, talent is cheap right now if anyone DOES want to quit. Voyager won't release the names, the people say they are all insiders

Happy happy good news funniest!  South Africa is greenlighting banks to deal with crypto!!  67be94a3a4fc1bd57fd3b93d6346567d8a3357e1ca24a1614eefb2be9b4de061.pngThis is funny when compared to the UK banning them even as the same banks open for crypto in other nations.  Dear readers also know it's funny - polls show the top nations interested in crypto are like Nigeria, South Africa, wildly messed up countries #3, #4, and OH YA the UK LMAO!!!!! 

BAD BAD sad funnies!! It turns out USDC is a CBDC, promptly stealing all the funds to be found on Tornado Cash!   It turns out maybe the dev `Alex #freeAlex was just a dev, never helped anyone use tornado cash.  Suddenly it looks smart that Jack Dorsey is trying to start a non-profit to legally defend BTC devs.   Not EVEN funny - most ETH validators would prolly back any sanctions requested - they could hard fork ETH to be a CBDC just like USDC!!!! 88f7c09525d300c93d917f903cd03c665c607923478b2b4465add04cc3bf04b9.png

Funny funnies - lots of privacy coins are having good weeks.  There's a gonna be a showdown.  Maybe USAF ( user activated soft forks) to slash validators that enforce sanctions!!  Maybe delisting all the security coins!  Maybe crypto sanctuary nations!! 

Monkees are ALWAYS FUNNY !!! This time, just because many  boring loans are getting thrillingly auto liquidated on margin calls!!! 370ce80d2ecdf6d546e995cba7e4b1c11b48dc0e31225c330fe04205e84816f8.pngTLDR: it's funny.  THIS part of crypto IS a tulip craze.  God bless everyone who made out on this one, and bless the hearts of those who lost their arses.  The whole series is like off the back of a cereal box, we didn't care then and we don't care now.   Which makes us funny morons, cause BAYC was the second highest selling NFT group ever, doing over $2.3 billion. 

Oh NO!  Looney Tunes funnies - ape shall not kill ape!! 8ea59d9e715325778a22f5c021b75cfe8f1581a1b6b7b083fdccc2606fe84dfe.pngBut Nexo is suing ex director Georgi over an $8MM trading loss when Georgi wouldn't turn over the keys on his way out the door. 

Bitcoin miners are crashing, returning rigs, getting ready to play "last man standing" games.  This is funny ONLY cuz Alex the Machine borrowed a billion and threw loads of it into yes BTC MINING!!! 

South Korea had a huge Gangnam ( AND Gangnam style we reckon) crypto conference where no-one was allowed to talk about Terra, that's funny.  & Effed up. bd5edf813755db42a14410dafde90dfb942216ba8fa709a1a9e7120be21ffc92.png

The FDIC is getting snitty.  Telling FTX to quit saying clients deposits in the bank are FDIC insured.  AND running around telling banks to not service crypto clients, without giving any legal reason why!!??!  THAT's funny biz, depressing tho.  Making a funny upside, leaked balance sheets show FTX's income and revs and cash on hand all went up.  Revs like 100x to a billion per year. 

Hackers pulled a zero-day exploit on Bitcoin ATMS from General Bytes.  Only works on ones with bad network firewalling, but still that's pitiful.  It's supposed to be an ATM not a PC installed by a slob. 7280d30ac0aa227cb9397ec87e97614cd4873cc7a9dabc28396d9ec3bdc8b99b.pngThis is kinda funny because the BTC ATMs we have seen give such horrible prices, such a ripoff, not surprising noone even working there takes them seriously. 

 

Here's a funny !  D-oh is living in Sing and hasn't actually spoken to anyone yet!! 33c4b0a407367b8506173add0f17f4e7b254600f61f6b56f9e4606fea6188ba2.pngWell, ya could be funnier. 9f44c27b4ce7eecdb9d63111e7761bcf383d10c4428c4e27bf47335c10060d5e.png Still it was a very funny week.  Canadian pensions blaming their bad research on crypto.  Citadel doing the 180 and coming in after calling BTC a Jihad.   The FT admitting Terra was an algo stablecoin after trying to conflate Terra with Tether for months!! 

 

Hey wait till NEXT week! 

Peace, 

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!


Hi, I am Dave, and I just got hooked on crypto !
Hi, I am Dave, and I just got hooked on crypto !

After decades motorcycling in NYC to work on Fintech and play punk rock, I just woke up to Cryptocurrencies and fell in love like never before! Blogging for the hell of it while learning my way through this awesome, deeply revolutionary evolution in money. Join us while we laugh and flip off the central banks and their currency debasing governments! Stack sats to the Moon, Lambo, don't reck, FUD, FOMO, wild wild west, bless Satoshi!

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