State of Crypto No Vaseline


Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)

Givin' up the dollar bills,

Now they got the Villain with a purse and high-heels.

This Ice Cube track was considered one of the best “diss tracks”of all time. Supposedly his former NWA members insulted him when he left the group. Then Ice Cube fired back with the now iconic “No Vaseline”.

During 2020-2021 I gave up many a dollar bill to help the digital asset industry, but now I’M THE ONE wearing a purse and high heels.

Publish0x whiner: BUUUT WHY?!?

Panda: Because of said “digital asset industry”. Now I have to go to my night job soliciting “clients” on some street corner in the seedy part of town!

Publish0x whiner: Aaah, that’s terrible the economy is in such bad shape I’ll probably join you soon!

Panda: Get your own street corner! Do you know the kind of shameful things a panda has to do to satisfy these pervy creeps? If I didn’t need the cash so bad, I would’ve been long gone!

After gathering some preliminary tax records for 2022 I noticed one big glaring, honking loss.

Guess which asset class caused the most damage to the ol’ panda portfolio?

If you guessed digital assets then you win a panda prize of a digital pat on the back.

Publish0x whiner: BUUUT Panda that’s such a cheap prize what am I supposed to do with that?

Panda: I just told you that I’m an impoverished panda! If it wasn’t for the kindness of my dear subscribers I would’ve already starved to death. They’re always generous with their tips!

Publish0x whiner: I supposed I walked right into that one.

Panda: Indeed! In these tough times one must use shameless plugs to scrape up loose change any chance they can.

There might not even be a crypto industry left to write about the way things are going.

Publish0x whiner: BUUUT Panda why are you walking funny?

Panda: What did you expect? It’s day after day of relentless poor panda poop chute pounding…

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Publish0x whiner: Aagh! You don’t have to be so graphic.

Panda: Sigh, I’ll tone it down. It’s nothing but bad news out there!

The Winklevoss twins and Barry Silbert will probably go to court by the time you read this.

Binance keeps attracting FUD no matter what they do.

Regulators are ready to “take action” now.

Gee thanks.

It’s like calling the fire department after the building has burnt down.

The good news is that most of the CeFi/TradFi firms have gone bust or close to it. But crypto is like fighting bouts of diarrhea. You never know if it’s really just a fart.

At some point we will finally flush away these overvalued over levered turds.

Then comes the hard part.

How do we attract the little guys and gals back into digital asset space?

Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.

Be sharp, stay hungry let’s get that money!

 

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Suerte Panda
Suerte Panda

Fuzzy Defi Enthusiast


How to transition from TradFi to DeFi
How to transition from TradFi to DeFi

The easiest way to convert DeFi infidels is to show them modern versions of TradFi services that they already use.

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