24th February 2024 > > Quotes & a potential fraudster.

tl;dr

A couple of tasty quotes, which I freely admit feed my bias when talking about cryptos. Another potential fraudster you should all keep clear of.A rant about the ECB and its nonsense around cryptos, but I feel better now I have shared this with you.

Market Snap

Market Wrap

A quiet week ends with a total of 110,000 BTC taken out of circulation (for now) by the ETFs. This is still less than 0.05% of the nine newborns asset managers’ combined AUM. Plenty of room for more buying.

Occasional Series – Microaggression

I didn’t know it was a thing, but that probably means I am being micro-aggressive to those who do.

The University of Glasgow and Imperial College claim that stating “the most qualified person should get the job” is an example of microaggression.

Those who made this policy decision – the administrators of these supposed centres of excellence – have already benefited from the abandonment of the principle that the best person gets the job.

Why are they now publicly advertising their own inadequacies?

Curious Cryptos’ Commentary – ECB blog 30th November 2022

“The belief that space must be given to innovation … stubbornly persists.”

Just saying is all.

Curious Cryptos’ Commentary – Michael Saylor, a couple of days ago

“… the difference between Bitcoin and the magnificent seven (the IT titans) is that Bitcoin is an asset class. It is not a company … so Bitcoin is competing against gold which is 10x … and it is competing against the S&P index, it’s competing against real estate, a $100 TRILLION plus asset class as a store of value … Bitcoin is technically superior to those asset classes so there is no reason to sell the winner to buy the losers.”

Just saying is all.

Curious Cryptos’ Commentary – Ethena Labs

I am probably going to have to get legal representation by writing this, but the next iteration of the Terra/Luna fiasco of 2022 may already be under way.

Ethena Labs stablecoin offers 24% APY at the time of writing:

https://www.ethena.fi/

Described as “Synthetic Dollar and Internet Native Yield” one can only admire the creativity displayed by talking such nonsense.

There is no doubt in my mind that anyone who watched any of Caroline Ellisons’ videos on YouTube before the demise of FTX will recognise the similarity in the paucity of intellectual acumen of her and Guy Young, founder of Ethena Labs:

https://youtu.be/iT7IcCZK58U

Scary stuff, eh. There are shysters out there, and as the biggest bull market ever in cryptos takes off, they will be everywhere.

The CCC will help you to avoid their immoral and inhuman scams.