FT crypto watch Oct 11

Cryptofans we love you!! PUBLISH0X fans, we love y'all even more!! thanks for joining us to change the crypto fabric of the FT, one click at a time. 

Crypto in today's FT!!   Absolutely zip.   

Oh, there's some tradfi corruption items: 

Earnst and Young up to monkeyshines hiding trades, whitewashing for Leonteq. 

Barclays gnat West screwed their clients for "millions" by not allowing clients to access their own data ( boy THAT's web2, huh!!!)

crypto that dare not say crypto: 

Fiat printing  a plenty, amid and calls for more fiat printing a-plenty!! 

Many forecasts of global recession, thanks to the bungling of fiat printing causing massive inflation, now our fiat overlords think it would be GOOD to have more unemployment.  Thanks ever so much there big guys!! 

Is uncensorable crypto needed?  Well, here's a graph of how freedom of the press is going in India these days:

Let us hope that Publish0x never goes that way, we love our freedom Igor!! 

On to the FT online!! There they WANT us crypto  folks!! YES! COINBASE is approved in Sing!! and their Grim Reapers are hellhounds on the trail of D'oh, Kyle and Su!!  They claimed regulation in Sing would be more hardass than ever!!  And some of us laughed at them for saying that.  And NOW Coinbase is good to go in Sing!! A good sign for all around.  

Next up!! Pain, thy name is Gilt inflation linkers!! it's a race to the bottom, gilts vs bitcoin!! and inflation linked gilt (UK) bonds WON!! 

In the states, inflation linked bonds are called TIPS, treasury inflation protected securities.   We once had to bring a fresh bucket of real time technology to the new TIPS trader at MF Global before the 180 year old firm  piffed in a blaze of Jon Corzine stupidity and criminal arrogance.   Linkers, aka linky dinks, are the UK version, supposed to go up extra if inflation does.     

Ya know it KILLS Alphaville to say anything goodish about crypto!  It's ok, really they are just saying the gilt market is.   Which is nearly indescribable.  Other articles keep going on about how close to oblivion the UK fixed income world was.  Then again, the UK keeps saying they will spend ten billion to help out, then they only spend half of one billion, even tho the gilt market is very much actively crashing, see above.   It's all funny!!  Cause crypto is SUPPOSED to be volatile, gummint fixed income ain't.   But UK 50 yr links are down 80% from Dec 1.  Woweee. 

Don't worry, the FT closes with a crypto dig.  Crypto's are silly (FU) but UK gilts are now shaky junk bonds.

As an Alphaville update, Ukraine GDP warrants have lost less than the long linkers.  Which we must admit is funny.

The REAL story: 

Let US offer an update as well!  Statista, link below, has ALL THE UK GILTS IN THE WORLD worth only two trillion as of December 1st.   

So if the UK gilts basically crashed 80%, that means that the total gilt market cap is now down around 400 million!! Bitcoin total market cap is right around 365 million, pretty much a WASH!!  And bitcoin doesn't have the UK printing fiat to quant ease it UP for years like the Gilts had!!   AH HAH HAH HA!!!! Little  Britain.    and now are legit in Sing, but OH NO not in LONDON ah hah hah hah !!!   Read em and weep, FCA & Alphaville!!  And have an FU for still spitting on crypto. 

Finally, good old rocks in.  Ah man, what crypto hate does she bring?  Last time, dear readers know, was epic and world class. 

:  Castle Craig in Scotland treats many addicts with a 12 step program, shades of Alcoholics Unanimous.  The leader first treated a crypto addict in 2016, and he was very attracted to crypto then.  almost put money in!!

Anti crypto addiction orgs and laws are not yet mature, people might not know they are addicted. (sic!!??!!)   Most of Tony's clients are cross addicted, often to coke and amphetamines, staying awake to play the market, then alky to come down.   One poor soul was fighting addiction to alky and drugs.  He set multiple alarms to wake up and check crypto prices, then relapsed. 

Jems says she usually laughs at toxic crypto culture, mostly cuz she is a salty no coiner, remember?  But she pretends to take the high road, buried in the last paragraph, stories like this give her no pleasure.  Then she slips the stiletto IN, baby - crypto is just a rather dangerous form of gambling.

story:    We still don't understand how can stay in the finance industry when she missed out on BTC at 300, we bet she was born rich-ish.  

Yes, gambling addiction is horrible.  But  addictive personalities can get hooked on playing tiddlywinks in the looney bin.  What if put money in UK Gilts last year???   Of course gamblers can get addicted to crypto, or horses, or racing bugs on the windowsill, WHAT a false question!!   Judges say Jems maintained SOME pretense of balance.  We agree she pretended to try in a very classy way, but we override the Judges and still dish out at least one  FU.  

The greatest development in the history of money is here to stay, lady. If Tony HAD put money into crypto in 2016, he would have been very happy, if he just HODLed.   Should all horses and gilts be banned??? ar ar ar ar !! 

We know Jems laughed when BTC went from 500 back down to 300, we just glanced over her story of how the BTC bubble would pop since it hit 3,500.   Well, we all just laughed at the UK Gilt market, but ya know what?? That AINT gonna zoom back up  5x next year.  BTC MIGHT!!!

Goodnight, we love y'all, gotta get some sleep!!

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Peace out,