20th November 2021 > > Reserve Treasury protocols.

tl;dr

Reserve Treasury protocols probably go to zero - let's find out!

Market Snap

Market Wrap

Yesterday there was a very sharp correction to stocks on the back of rising COVID worries.

Personally, I believe the worries should be directed at the increasingly draconian restrictions now implemented in Austria, Germany and elsewhere. Being clinically vulnerable myself I am triple-jabbed, and I am tested for COVID as often as the actors in adult movies are tested for HIV.

Despite that, I do not believe that anyone of a liberal mind can countenance mandatory vaccinations nor any form of domestic restrictions on those who are not vaccinated.

Just my opinion is all, don’t kill me for it.

Occasional Series – Watford FC

Undoubtedly one of the world’s greatest ever footballers, Christiano Ronaldo, finally achieves his lifetime’s greatest ambition, that of playing to a packed house at Vicarage Road.

Having been let down at the last minute, I now have a spare ticket. Anyone keen to see this football maestro close up for real, then call or text me on 07979 597741. Looking at the 12.49 or 12.54 from Euston.

Curious Cryptos’ Commentary – Reserve Treasury protocols

Much to my surprise, XEUS (see CCC 12th November 2021) is still looking nice on an absolute basis and more so relative to the broader crypto weakness. APY is currently at 550,000%.

Two days ago, Fortress DAO was released. It proved wildly popular with APYs quoted at one stage in the first hour with 15 or more zeros on the end. That was clearly a marketing ploy and wasn’t reflected in the first payout.

By the time the CCC got involved (Trader Joe is a rubbish site) 12 hours late, our first staking was at a measly 180 million percent APY. Now back down to 600,000%.

In the wider interests of the CCC community – and you should remain extraordinarily sceptical about this new branch of the crypto world – I will report the performance of both XEUS and FORT investments daily in the market snap above.

As a gentle reminder, I fully expect both these ventures to go to zero in the very near future. I am doing this solely for your benefit to understand this very dangerous, very brave, new world.