SBF Profile picture
Nov 3 2 tweets 1 min read
1) we passed on Twitter b/c it didn't seem like our strengths were what was needed for Elon's vision for Twitter

(e.g. if he wanted to do blockchain-based social media, or blockchain wallets/payments, we'd have been excited to work on that!

and who knows, maybe he still will)
2) In some ways it mirrors :

a) Twitter needed a revamping of leadership, so Elon did that

b) now Twitter has strong leadership, and we're excited for Elon to execute *his* vision for it

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More from @SBF_FTX

Nov 4
1) Alright alright, Coinbase 2022Q3 earnings:

s27.q4cdn.com/397450999/file…

previous:
2) Overall, bear markets suck for retail.

Coinbase's revenue, and volume, were down a fair bit; their retail volume in particular was down ~45% quarterly.

(The flip side--lots of growth potential in the next bull market!) Image
3) Once again, the vast majority of their transaction revenue was retail -- around 95%.

Of their other revenue--now ~25% of their total--'interest income' is the most interesting one. About $20m of this seems to be on Coinbase, and the other ~$80m of it from USDC.
Read 6 tweets
Oct 29
1) Meta Mark
2) OK FINALLY A NEW TOPIC

not, uh, meta advice?
3) What's up with @facebook changing to @Meta and spending tens of billions on what twitter tells me is, uh, fake legs?
Read 25 tweets
Oct 29
1) Advising
2) NOT ADVICE
3) Sometimes, we're advisors for a company.

Maybe that means we're on the board, or maybe it's informal; maybe we're investors.

And sometimes, we disagree with what the company is doing.

...what then?
Read 20 tweets
Oct 29
1) My *final* thoughts/post on this:
2) NOT ADVICE
3) At the end of the day I think I basically agree with @ErikVoorhees and the industry on what's important and the right policy:

a) economic freedom
b) getting rid of discriminatory, classist standards for investment
c) freedom for DeFi

(putting aside effective strategy)
Read 7 tweets
Oct 23
1) Phishing sucks
2) NOT FINANCIAL ADVICE
3) Usually, phishing looks like an email, and it has a bad attachment, or something.

In crypto, the scams have gotten sophisticated.

For instance--we have a team of people who work to make sure fake FTX clones don't gain prominence.
Read 17 tweets
Oct 23
1) Whelp, that was an interesting few days.

A retrospective.
2) NOT LEGAL, REGULATORY, OR FINANCIAL ADVICE

THOUGH MAYBE A LITTLE BIT OF SPECTACLE ADVICE AT THE END

Also: note that most of the below is about the *US* policy landscape. Other countries may differ.
3) First off—a huge thanks to everyone who gave constructive feedback, comments, and criticism—notably @ErikVoorhees and @RyanSAdams but too many more to name. I’ve revised my post some already, and will continue to do so.
Read 19 tweets

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