Profile picture
Patrick McKenzie @patio11
, 3 tweets, 1 min read Read on Twitter
I sort of want to write an essay on Tether and liquidity but it is an open question which of my Amazon Prime order for popcorn, that essay, and global cryptocurrency calamity gets here first.
Fair warning folks: there will be a lot less software and a lot more cryptocurrency on my feed for the next few days. If you come here for the SaaS and not the sass I will not be offended if you need to mute me.
This is as good a time as any to point to the disclaimer about my opinions not being coextensive with those of my employer.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Patrick McKenzie
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @patio11 see all

Profile picture
One of the least heralded and most important technological advances of the last 20 years is a battle getting fought one piece of paper at a time to replace workflows with web applications. It’s slow, boring, and enormously impactful.
It’s surprising how much you can get done these days *without* needing to call anyone, line up, or make a visit to an office to figure out the correct form to file something.
Random example for you: the IRS hires 10k people every year to type numbers from returns into the computer. This is a decrease from earlier, since e-filed returns don’t need to be redundantly retyped.
Read 4 tweets
Profile picture
In case you were wondering whether the engineering hiring market was slowing down, here’s Amazon deploying probably every YC company combined on *one product*: wsj.com/articles/amazo…
And that team size is doing the 100% YOY growth thing.
(If you’ve got a better Fermi estimate for “every YC company combined” than 10k would love to hear it; I’m basically finger-to-wind guessing on that.)
Read 3 tweets
Profile picture
Tokyo could drown in tech dollars but teachers would continue living in cheap housing because Tokyo builds housing. If you stop building housing, you’re deciding someone doesn’t get to live there; market just tells you their names.
Most important part of the puzzle:
We having baying hordes who advocate for and get scarcity and then wonder why we have no abundance. Truly it is a mystery.
Read 3 tweets

Related threads

Profile picture
0/ What a hot start to the week for the #crypto and #blockchain ecosystem!

To help you keep up-to-date, here are just *some* of the developments out of the past ~24 hours' action...
1/ 🦅 #Ethereum-powered @AragonProject [ $ANT ] introduced the Flock program; the team's next step in decentralizing the development of #Aragon.

Flock will handle the initial application and pre-selection process for new Aragon teams. blog.aragon.org/flock-funding-…
2/ ⚖️ @NexoFinance [ $NEXO ] opened up applications for prospective liquidity providers.

The #crypto lending platform is guaranteeing a 1:1 conversion to USD on any of six #stablecoin (i.e., $USDT, $TUSD, $GUSD, $USDC, $DAI, $PAX). Minimum stake of $100k. Interest up to 6.5%.
Read 37 tweets
Profile picture
ROOSEVELT BETRAYS AMERICA! prowhite.media/blog/f/rooseve…
"They sought the #war, they provoked and maneuvered to get it. They pressed the young peoples of #Germany,# Italy and #Japan wherever they could. They wanted war, a real world #war — and now they have it.
"Not only two worlds of ideas are at #war here, but the whole world.
Read 162 tweets
Profile picture
Well, while I'm on a roll, a few more points. Putin’s Anschluss in Ukraine shattered Europe’s Westphalian order. Moscow has openly threatened the West with a nuclear first strike. The risk of a wider European war, and a It could easily happen through miscalculation—
or indeed, through deliberate calculation. The Kremlin’s military doctrine entertains the idea of using nuclear weapons to “de-escalate” a European war, or in other words, force us immediately to surrender. This is not some wild conspiracy theory:
Any American with access to the Internet and Google Translate can confirm it independently without once leaving his couch. Yet the President of the United States has declared NATO—never before more relevant—obsolete; he has pointedly and repeatedly refused to endorse Article V;
Read 38 tweets
Profile picture
Okay folks, here’s a thread about my essay from today. Strap in, shit is about to get real: 0/20

firesidefiction.com/redefining-scr…
So my essay is in response to one line from @andrhia ’s essay from last month. When @omgjulia read Andrea’s line about men needing new scripts too, she pointed at me and said ‘you should write this.’

Go read her essay, I’ll wait. 1/20

firesidefiction.com/we-need-new-sc…
@andrhia @omgjulia I didn’t want to write an essay at first. It sounded very daunting. But it made sense, as the only cis straight male at Fireside now that Brian is gone, for me to take it on. 2/20
Read 22 tweets
Profile picture
THREAD: Some takeaways from the article published today by @FTM_nl on #Tether / #Bitfinex (article is in Dutch). I worked with @thomasbollen on the research behind the article and the leads that provided were followed up by Thomas. Hope you’ll read & share ftm.nl/artikelen/ing-…
1/ The article first discusses many, often separately reported, facts about Tether and Bitfinex, i.e. Paradise papers, loss of banking, break with audit company, +800m tethers in Jan, tetherreport.com, and adds all sorts of details to provide an in-depth longread.
2/ While doing research into Tether and Bitfinex, we stumbled upon an ING bank account. The article particularly describes results of subsequent research steps taken by Thomas on this Dutch link. It provides some new insights, the main takeaways are outlined below.
Read 13 tweets
Profile picture
#Cryptocurrency is readily admissible evidence re: a host of felonies. But no one may have stated how much more it can do or how easily. Until now.

.@ericgarland .@counterchekist .@911CORLEBRA777 @20committee @thespybrief @patribotics @gametheorytoday .@FBI .@NSAGov @GCHQ
1st, some basics. #Cryptocurrencies create a permanent, online record of each transaction, arguably the most easily tracked exchanges on Earth. But law enforcement shut down multiple #Darknet auction sites even before that was common knowledge. .@FBI .@NSAGov
Those sites had tens of thousands of users. And money launderers, Russian intelligence, terrorists & ordinary criminals have moved into it en masse. The world’s worst method for making nefarious transactions. .@FBI .@NSAGov
Read 69 tweets

Trending hashtags

#Bahia #intellectual #cryptocurrencies #Amazon #Bitfinex #mercenary #KYC #national #BigData #ICO #lugenpresse #dApps #law #worth #FinCEN #economy #botnets #Callisto #Bitcoin #crypto #KyberNetwork #WiFi #RioGrandedoSul #NationalSocialism #Germany

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!