The funniest crypto today March 5th

By Dave Sawyer | Hi, I am Dave, and I just got hooked on crypto ! | 6 Mar 2023

Cryptofans we LOVE YOU!!!

It's very funny that Gary gave a Howey notice of lawsuit to Paxos / BUSD. Why? cause there are only four prongs to the Howey test. & one of them is- did you invest expecting profit? 0f528edc2dcd0d1159485ec2635b107900a7bfe0a97e79453bace78dc1a6c3d0.png TLDR:

Anyone who invested in BUSD expecting a profit is on WAY stronger drugs than anything WE have ever seen ah HA HA HA HA!!! Could this be Gary wagging the dog? so we don't remember him meeting with 2nd largest donor EVAH Sammy to discuss giving FTX a reg monopoly!! Ar ar ar ! Nah of COURSE not!!

SBF's favorite tradfi newspaper, the FT (lol) keeps going on about how Gary curb-stomping BUSD is just gonna hurt Binance so, SO bad!! Dear readers are sick of us laughing over how USDT just keeps gaining market cap on USDC. But Binance!!! Did Coinbase eat Binance's lunch!! Was Binance destroyed by the fall of BUSD?

c45a2f4fdb5a24cb917d7587b5cb3f07f29657ed163f1034d0f7f6a1b0a33b9f.png TLDR: NO ! AH HA HA HA!!

Numbers from the Block, link below: in Jan 2023, BInance did 475 billy in vol. Coinbase? 55 bil. In feb, when Gary dropped the bomb - Binance 545bn, Coinbase 40bn. So far this month? Binance 57bn, Coinbase 4.2bn. LMFAO!!! the relative share of Binance's volume went UP!!!!!! Eat it FT!!

Ok, that was harder than it looked. Had to choose the Block for credibility.

We have defended Binance a lot, let's make FUN of Binance for a minute. Who's numbers DO we trust, Father Ted? Well, there's CoinMarketCap

624451fc5af95386bd74c9434e9c3df32688becaedf42fcac3c49868688db2e6.png TLDR: lookie THERE, Binance has 8 billion per day in spot volume!! COIN is #2, at 600 million!! But what are those scores?? Binance has a perfect 9.9!! and COIN has a lousy 7.6?

Let's check the trusty CoinGecko!!

7b857c155fd3151d372c462037ad013c95e4e142dd91d4d0912d2f770dafc56f.png

Huh! Here we see COIN with the perfect 10 rating & Binance at only a 9!! And lookit them normalized volumes!!! COIN's volume went from 8.5 billion a day to 3.3 billion!!

WTF? OH, oh wait. Binance OWNS coinmarketcap!!! Ohh, that's pretty cheeky Coinmarket cap! Mark Binance at a perfect 9.9 and knock almost 30% off of the COIN trust score?? AH HA HA HA HA HA HA!!

booo binance, boo. a 10% denigration of your competition would be plenty. Do we believe Coinbase is cooking vol books 30% worse than Binance?? We do NOT. Credibility is LOST. & once ya mis trust - love's gone behind!!!

Peace out,

Love

Dave

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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 !

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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