1. Home
  2. Discover
  3. Crypto
  4. Marty Bent

Marty's Ƀent - June 24th, 2021 - Issue #1019

Thursday, June 24th 2021 - Issue #1019

The grift of the century
For some reason I decided to subject myself to an inordinate amount of CNBC this week. I don't know how people can tune into it day in and day out without going insane. The spastic nature of Jim Cramer and takes alone is frustrating enough to make me want to throw my remote at the TV. Especially when he starts to talk about Bitcoin. The overall lack of quality content and professionalism on display across the network is a bit jaw dropping. With that being said, I don't want to take too much time in today's rag focusing on these parts of my CNBC observations, but instead on one of the reoccurring themes of the week that I was inundated with every day; ESG (Environmental, Social, Governance).

Exxon Mobil just had an activist investment group acquire three seats on its board that will now be used to ensure the company runs full bore with the ESG narrative. That same activist investment group launched an ETF this week, VOTE, that will invest in the 500 largest companies by market cap and attempt to "instigate positive change for employees, customers, communities, and the environment". Very nice corporate speak.

And, as our friend Parker points out, that's all this ESG BS is; corporate speak with no substance that is used to push an agenda. The particular agenda with ESG is to acquire as much money as possible via the grift. Whether that be via direct investment or via fees from something like a virtue signaling ETF. ESG is the hot chick on Wall Street right now. Everyone and their mother is attempting to work it into as many sentences as possible to sound cool or to raise money. And we're getting dangerously close to the point where you may not be able to raise money unless you bend the knee to the ESG gods.

When enough people have been corralled into the scam it will become extremely easy to begin levying ESG taxes and fees on members to maintain their status within the realm of the corporate woke. Driving more and more money into the pockets of people who couldn't care less about the environment, social betterment or quality governance practices. The VOTE ETF makes this very clear to me. They're literally just investing in the 500 largest stocks in the US without having the ability to sway policy at those companies except for Exxon and banking on people buying the ticker because it signals they are ESG conscious. Wizardry.

Thank God we have Bitcoin to focus on during these times of peak insanity and virtue signaling. It shall lead us away from this madness because this madness will become too costly.  
Final thought...

Andrew Sorkin is a dweeb.
Share
Tweet
Forward
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
 
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.
Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Older messages

Marty's Ƀent - June 23rd, 2021 - Issue #1018

Wednesday, June 23, 2021

Wednesday, June 23rd 2021 - Issue #1018 The dangers of "smart" tech in your home Here's a terrifying story out of Texas related to the grid stress the state has been experiencing during

Marty's Ƀent - June 22nd, 2021 - Issue #1017

Tuesday, June 22, 2021

Tuesday, June 22nd 2021 - Issue #1017 The Great Mining Migration is under way. Those abroad should heed the warning. As I'm sure most of you freaks are aware of by now, there is a great bitcoin

The Sat Standard - Bitcoin Weekly - June 19 2021

Saturday, June 19, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - June 18th, 2021 - Issue #1016

Friday, June 18, 2021

Friday, June 18th 2021 - Issue #1016 Capital misallocation is leading to dangerous externalities The world is entrenched in a collective insanity being driven by many individuals who have decided they

Marty's Ƀent - June 17th, 2021 - Issue #1015

Thursday, June 17, 2021

Thursday, June 17th 2021 - Issue #1015 The noise is only going to get louder. Put your blinders on. Jimmy Iovine explaining why race horses wear blinders. In July of 2017 HBO released a documentary

You Might Also Like

Texas doubles down on crypto with new $250 million Bitcoin reserve bill

Tuesday, March 11, 2025

Texas' second crypto bill seeks to enhance state and local government participation in digital asset investments. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

How-ey Can Get Out of Here

Tuesday, March 11, 2025

How On-Chain Data Can Clarify the Regulation of Cryptoassets ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

February CEX Data Report: Significant Decline in Trading Volume Across Major CEXs - Spot Down 21%, Derivatives Dow…

Tuesday, March 11, 2025

In February 2025, the spot trading volume of major CEXs decreased by 21% compared to January. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

El Salvador defies IMF, continues Bitcoin purchases amid market downtrend

Monday, March 10, 2025

El Salvador's Bitcoin holdings grow to $504 million, challenging IMF directives amid sharp price declines. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🖊️ Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO …

Monday, March 10, 2025

Trump signed an Executive Order for a US Strategic Bitcoin Reserve; Cronos proposed to reissue 70 billion CRO for a Cronos Strategic Reserve; Texas's Senate passed bitcoin reserve bill SB-21 ͏ ͏ ͏

Vitalik TAKO AMA: ETH Positioning, Sequencer Centralization, L1 vs L2, Governance, and Success Metrics

Monday, March 10, 2025

On the evening of February 19th at 12 PM UTC and lasting until 12 PM UTC on February 20th, Vitalik Buterin, the founder of Ethereum, was invited to participate in a flash text interview on Tako (a

Donald Trump Creates U.S. Bitcoin Reserve

Monday, March 10, 2025

March 10th, 2025 Sign Up Your Weekly Update On All Things Crypto TL;DR Donald Trump Creates US Bitcoin Reserve Diddy Shows 'Kindness' To Sam Bankman-Fried Robinhood Conducts $1M Crypto Trivia

Bitcoin’s realized volatility surges in as traders face extreme price swings

Sunday, March 9, 2025

Volatility clustering in Bitcoin reveals the impact of turbulent rallies and sharp pullbacks. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Asia's weekly TOP10 crypto news (Mar 3 to Mar 9)

Sunday, March 9, 2025

Ms. Sun Xueling, Minister of State, Ministry of Home Affairs of Singapore, said that cryptocurrency fraud cases accounted for a quarter of the total loss amount involved in fraud last year. ͏ ͏ ͏ ͏ ͏ ͏

Trump declares end to ‘war on crypto,’ vows to propel America to Bitcoin supremacy

Saturday, March 8, 2025

Trump brands the Biden era as a crypto setback, .President Trump vows to make America the Bitcoin leader, ending Operation Chokepoint 2.0 and bolstering crypto strategies. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏