6th July 2023 > > Shrimps, crabs, BBC, CBDCs, and Larry Fink.

tl;dr

It’s a busy day for the CCC.

Shrimps and crabs are loading up. BBC’s management disappoints us again. The fake veil of respectability previously obscuring the true purpose of CBDCs is torn to shreds by one of its own proponents. Larry Fink (sort of) tells us how it is.

Market Snap

Market Wrap

Glassnode reports that shrimps’ (wallets of less than 1 BTC so it excludes the CCC community, natch) accumulation of BTC is running at 33,600 BTC per month. Issuance is just 27,000 BTC per month:

Meanwhile crabs (1-10 BTC per wallet) are taking down 22,400 BTC per month.

Check my maths please but if demand is running at twice the new supply, with the balance of BTC on exchanges at the lowest since March 2018, I think economics lesson 1.0 comes into play. But perhaps I am wrong about that.

Occasional Series – Is this true?

I read that the BBC’s Newsnight hired a children’s choir to sing Happy Birthday to the NHS.

I mean, what?

Do I need to point out that the NHS isn’t a living thing?

…

I haven’t paid the BBC tax for years now, and I never will do so again.

But there is something strange going on here.

Scott Robson writes to me personally at least once a month, sometimes more. But every time I call the BBC to talk to him, to tell him he is very welcome to send enforcement officers to the end of my drive, he is never there.

I used to take his reticence to talk to me personally on the phone in a rather negative fashion, but I have since concluded that Scottie boy must be a very busy man.

Curious Cryptos’ Commentary – CBDCs

This is one scary video from the World Economic Forum:

https://twitter.com/MartyBent/status/1676759940721934341

Choice quotes:

“… you can have programmability, you know, units of central bank currency with expiry dates.”

“… where the government decides that units of central bank money can be used to purchase some things but not other things that it deems less desirable … and that is very powerful in terms of the use of a CBDC.”

There it is, folks. The government can force you to spend your money, and then awards itself the right to make moral judgements about your personal and private activities, legal as they may be. And this technocrat believes this to be a good thing.

Wow.

…

The US, Switzerland, and Slovakia are currently the only countries fighting against this dystopian concept of coercion and control to be exercised over us by unelected bureaucrats.

Curious Cryptos’ Commentary – Larry Fink, CEO of Blackrock

Blackrock is the largest asset manager in the world with $8.5 TRILLION assets, down 15% this year it must be said.

Larry explains that the role of BTC is “digitalising gold”:

https://twitter.com/saylor/status/1676687611379826688

Larry is an incredibly successful man, but I must admit that listening to him speak can be a touch tortuous at times. I think his brain moves on far faster than his mouth.

I think what he is saying is that BTC as a store of value is here to stay, and this is why Blackrock will launch a spot BTC ETF.