26th January 2022 > > Hardware wallets & yield farming.

tl;dr

Volatility in politics and cryptos can be a good thing.

Market Snap (at time of writing)

Market Wrap

Markets shrugging off the impending invasion of Ukraine presumably because the outcome is now baked in.

Occasional Series – Police investigation into No.10 alleged parties

Whilst the BBC, the Grauniad and the Daily Mirror celebrate this development, those who seriously wish to see Boris to step down (mostly Tories and all the remainers), might want to cast their minds back to Tony Blair’s cash for honours fiasco.

The delay caused by a Police investigation that was bound to end in no further action, removed all the media and time pressure on Blair.

The world simply moved on, as it is wont to do.

** Breaking news – the Torygraph reports that Sue Gray’s report won’t be delayed by the police investigation. We shall see. **

Occasional Series – Sage and pseudo-science

The cabinet meeting in December 2021 that decided not to restrict our liberties any further made that outstandingly correct decision following a somewhat negative briefing from Sage.

This is some of the information presented at that cabinet meeting with the assumption that lockdown 3.0 was not executed immediately:

- Deaths at 600 to 6,000 per day;

- Hospitalisations from 3,000 to 10,000 per day.

Neither of these outrageously dire predictions could ever have come to pass.

Thankfully our liberties and freedoms were not trampled on as much as they would have been if these outrageously dire predictions had been given any credence.

…

Both Jacinda Ahern (NZ has just increased self-isolation to 24 days I read) and my local MP continue to prosecute, and be prejudiced of, a zero-covid strategy.

I suspect calling it a maximum-control-of-the-masses strategy is closer to the truth.

…

Sage and its pseudo-science have been slayed and are now firmly back in their box, never to darken our doors again.

Curious Cryptos’ Commentary – A bit of perspective

People seem to forget very easily that BTC is one of the most volatile investments of all time.

Sure, we all enjoyed a 6-handle more than the current 3-handle, but in the relatively near future this period will be seen as yet another of the amazing buy opportunities that are regularly handed to us.

Perhaps this chart helps to put current price action into perspective:

Reserve Treasury Protocols (before they all go to zero)

Reminder – Olympus and Wonderland are, to the best of my knowledge, live viable projects. XEUS, FORT and JADE turned out to be scams, though they are still live scams. Scams are not uncommon in these Wild West fringes of Decentralised Finance (DeFi).

Photon appears to have won the prize for being the most extraordinary scam. In under 18 hours it went to zero. And as far as I can tell – and I am no blockchain analytics expert – they walked away with less than $30k.

It is very upsetting we have scumbags like that around.

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