Skyfries Report
Skyfries Report

Skyfries Report

Musings from a late 20s Nashville Cryptocurrency investor

No One Is Understanding This Market Movement

10 Dec 2021 1 minute read 0 comments Skyfries

This is more than irrational movement.  Remember a few months ago when we were laughing about how Tether (USDT) was backed largely by an asset class called commercial paper?  They have been on a warpath printing billions.  They have stated reasons fo...

Would You Sell Chainlink at $50?

3 Nov 2021 1 minute read 7 comments Skyfries

Do you wish you could go back in time and sell Chainlink at $50 like in May of this year?  Patience is a virtue, but what if instead of waiting until another Link bull run, you could move your link to a lower liquidity exchange and control the sell s...

LCX Pumps to $0.33 on Imminent Coinbase Pro Listing and Launch of Mobile App

27 Oct 2021 1 minute read 0 comments Skyfries

I'm here to collect my clout for telling Publish0x about LCX at $0.05, but if you missed it last time it's not too late you're still very early and I will tell you why below.  LCX will be listed on Coinbase Pro tomorrow provided there is enough liqui...

USDC May 2021 Audit May Shock You

20 Jul 2021 1 minute read 3 comments Skyfries

Circle, the consortium behind USDC, has released their audit for all assets through May 28th, 2021 conducted by Grant Thornton.  The audit took a different tack from the April audit and had a breakdown of how assets were denominated.  It is now clear...

The Economy of Self is Prone to Hyperinflation

14 Jul 2021 1 minute read 2 comments Skyfries

For me to be a saint means to be myself.  Therefore the problem of sanctity and salvation is in fact the problem of finding out who I am and of discovering my true self. -Thomas Merton There is a finite amount of resources on this planet, and for t...

Comparing HyperTrader and LCX Multiexchange Terminals

7 Jul 2021 1 minute read 2 comments Skyfries

I love browsing on Brave because I will occasionally get targeted ads for services which offer better rates or service than a service I am currently using.  Yesterday I received an ad for a multiexchange terminal called HyperTrader and wanted to comp...

USDC Supply has grown over $10 Billion since its last Audit

6 Jul 2021 2 minute read 2 comments Skyfries

The Centre Consortium, a board comprised of board members from Coinbase and Circle, is falling behind on audits again.  The last audit for the month of April 2021 was certified on June 9th, 2021.  Since then the outstanding supply of 14,697,267,257 U...

Bitcoin is a Worldwide Monetary Revolution

8 Jan 2021 1 minute read 0 comments Skyfries

A rare moment where I agree with CZ. The system has unilaterally decided to continue devaluing currencies in all countries.  All currencies are sinking in sats, but is a retracement likely soon? Undoubtedly! BTC has proven it not only will survive r...

LCX Token Gains 382.6% in Lead Up to New Exchange Terminal Rollout

5 Jan 2021 1 minute read 2 comments Skyfries

LCX the official token of the Swiss based exchange making waves in certain circles for it's game-changing platform has had a magnificent week.  As of this writing the token is down 17% from all time high.  Looks like some early investors are...

Ripple's Return to being Ridiculed

29 Dec 2020 1 minute read 1 comment Skyfries

America's favorite get poor quick scheme has been blown into smithereens by an onslaught of SEC troubles and exchange delistings.  XRP, or as I call it Cripple, has long been a punching bag of the crypto community for many years and for good reason. ...