30 Comments

Guessing the snoop dogg plug is a paid troll/gag. If you look at the obviously paid promotions for YAT, It’s a similar setup. They used Lil Wayne, G Easy etc. Rappers with a large following that shill crypto related items to their audience. During the Yat Horizon event ‘Lil Wayne’ even claimed to bid on a repeater Yat 😂😩.

Snoop Doggs brand at this point has been used to sell everything from SodaStreams to fast food delivery services.

Very fishy, however hilarious either way! When are we gonna see Dr Dre tweeting #banksarezeros?

Expand full comment

This makes complete sense.

Expand full comment

I think so too

Expand full comment

You haven't yet seen anything regarding Evergrande. You're also extremely late to the party (this was being talked already in June).

You might want to keep your eyes open in the future. I'm not sure why wouldn't you inform your readers of the fact that contagion is spreading, and multiple other companies stocks went -80% down. Furthermore, there is rumor that tether holds Chinese commercial paper (some think Evergrande's). You think that won't have a devastating effect on crypto?

The correct advice is: take some profit from illiquid JPEGs and shitcoins, as those will be the first to go when the tables turn. Then reinvest when prices are depressed.

Note I didn't say to sell everything. Just skim from the top.

Expand full comment

Yeah we avoid talking about things we dont know (don't know anything about China). The big picture is still the same, people will get more and more upset with legacy financial system (long-term)

Expand full comment

The tether connection sounds like pure FUD to me. There’s 0 evidence

Expand full comment

I was also expecting some comment on the tether-evergrande connection, that will be interesting to see play out. If anything we'll know if the years upon years of tether fud were based on anything at all.

The Defi space will be fun to watch too, how much is going to blow up there if tether takes a haircut in collateral. But correct for the long term good dca opportunity for the solid projects.

Expand full comment

re: needing deflationary financial systems, hope everyone has read "the price of tomorrow"

Expand full comment

Hello BTB,

I apologise for being off topic but replying to your twitter "Wtf is happening out in Australia. Looks like a complete disaster."

I did not want to reply via twitter as my handle in not anon, this describes what is happening in Melbourne, Victoria.

"here are a couple of clips from today, Monday in Melbourne. The background is that the State premier's political power base is from the left wing unions, CFEMU ( Construction, Forestry, Mining and Energy Union) and the Union bosses to support the premier have agreed to mandatory vaccines for building workers.

The building workers and tradie's members showed today that they are not really onboard with mandatory vaccines.

Warning. Australian levels of swearing.

https://twitter.com/Garyandthegoat1/status/1439793254313054212

https://twitter.com/andrewbogut/status/1439779306872340483

Regards,

Phillip

Expand full comment

Brutal and thanks!

Expand full comment

I've been told there was a discord for paid Substack members. How do I get an invite? Should I send an email?

Expand full comment

Will be interesting to see what's going to happen with EverGrande, the comments saying China won't bail them out in a big way have their merits as well. But yeah overall, it's probably "just" a correction and not a long term bear issue.

Besides that, there isn't a discord for paid subs, or is there? And if not, why? I'm sure ppl would love a place to hang out and chat.

Expand full comment

There is a discord. Someone can share the link - I don't have it on this PC.

Expand full comment

Cool name 😅👌🏼

Will try to get it.

Expand full comment

Thanks mate!

Expand full comment

You got it! Welcome to the jungle!

Expand full comment

Hi, trying to get a hold of the 3 books e.g. Efficiency, could someone point me in right direction? Many thanks.

Expand full comment

Bull-not trolling at all. I see Manchin going around the talk show circuit being very specific saying 1.5T tops. What do you think makes him and Ms. Az senator from capitulating to 3.5?

Expand full comment

1.5T is still a massive amount of spending so even if its $1.5T that's ~8% increase in entire world dollar supply in one contract. Maybe it's less than $3.5 but we're talking TRILLIONS.

$1.5T would imply printing 75% of the current crypto market cap in a day.

Expand full comment

Thanks for your response. Getting ready for the island. one day and one coin at a time.

Expand full comment
Comment deleted
Sep 21, 2021
Comment deleted
Expand full comment

Good to know, what's your take on what they do in that case?

Expand full comment
Comment deleted
Sep 21, 2021
Comment deleted
Expand full comment

So if Beijing doesn't bail out the creditors (makes sense)... Any idea of the blast radius globally? Limited mostly to Asia or also heavily impacting Western economies or other EMs?

Expand full comment
Comment deleted
Sep 21, 2021
Comment deleted
Expand full comment

Saw the photo with the jpegs not sure why that wouldn't be his manager. Either way you know for sure the person had enough weight to get the attention of Snoop which is what matters

Expand full comment

Actually on a crazy cynical note, could just pay celebrities to claim to own certain punks and give the money to promote it!

This would actually be on par with giptoe pump scams lol!

Expand full comment

This is a very interesting observation. And this is why I subscribe!

Expand full comment

Sure, could be his caption saying it was him in that photo was misdirection, and his clue of a young entrepreneur was misdirection (started cybersecurity firm in college), and saying that the punk jpg was his first nft was misdirection (rappers have been making nfts for months now; hard to believe Snoop didn't support any of them). But as you say, the fact that Snoop made the post is huge, whether he's cozomo or not.

Expand full comment

Unlikely him writing/doing anything. Just more curious to see how the guy pulled the marketing stunt, cynical side is taking over and paid him for it

Expand full comment

You're probably right. "The power of accurate observation is commonly called cynicism by those who have not got it."

Expand full comment