Cactoid Labs

Over the past few years, I’ve woken up to random @CoinDesk articles shitting on our industry, and specifically NFTs. That alone wouldn't bother me. Criticism is healthy. The press should hold this space accountable. But while Coindesk takes $ 300k+ to write glowing “research” around companies in crypto, they also write ragebait headlines that shit on the same industry. Pretty annoying to see. It’s bad journalism to ask for $ 300k+ for an article, and if we don’t pay, you write negatively about us. There are so many other news outlets actually trying to make it by covering bright stories in our industry. There are so many other twitter spaces and communities that show up daily to move the space forward. But what Coindesk is doing can’t be a sustainable model. So a few weeks ago I opened up a short position on Coindesk’s parent company, Bullish. This isn’t about money, it’s about principle. The principle: you can’t hurt our community for your corporate gain. Why can a business shit on an industry it participates in and still aim to profit within it? Well, it can’t. That was my bet anyway. I’ve now closed the short up $5,387.46. To be clear: the position is closed. Nothing I write here profits me from a trading standpoint. The trade is over. What's left is the principle. I will use the money to take Bored Apes out to dinners, or Laker Games, or whatever the fuck I want - and every time I do, I will post an entire article about how I got the money (shorting Coindesk) and why I think Coindesk’s current approach is bad for our industry. Congrats Coindesk, you’re now at war with a fucking psycho. I will relentlessly bearpost this behavior until a representative reaches out to me and assures me that they’re going to knock this shit off.