Profile picture
Patrick McKenzie
@patio11
, 3 tweets, 1 min read Read on Twitter
Going to need to update …exchangehaslostmorethan100million.com since a Chinese cryptocurrency exchange/wallet/pyramid scheme ran away with ~$2.9 billion.
Reporting: theblockcrypto.com/2019/08/17/an-…
Apparently @doveywan has been all over this the last few days so if folks want to read more primary source documents, there you go.
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
Patrick McKenzie
@patio11
Approximately 1/3rd of the folks that I deal with in these professions substantially outperform the median SaaS company with e.g. drip campaigns. Many are very clearly licensing content to fill them.
One rather interestingly sent me a link to a YouTube video, produced at approximately “I got some good advice on shooting video at home” level, where she narrates a monthly housing report for Chicago and adds some color commentary.
That’s... seriously, why did we ALL not think of doing something like that.
Read 4 tweets
Profile picture
Patrick McKenzie
@patio11
"Hey Patrick, what does the payments landscape look like in Japan?"

I count 48 different ways you could pay at this convenience store. Plus cash, naturally, which is the most common one.
There is currently a *brutal* battle going on for transitioning customers to app-based payment methods.

The Japanese government wants to double, to approximately 40%, the percentage of consumer transactions which use some form of payment rails.
Banks are pushing credit and debit cards very, very heavily, and convenience stores (which are intrinsically extremely high-volume low-margin businesses) are rolling out or partnering with app-based payment providers, which they believe will save money and gain share-of-spend.
Read 6 tweets
Profile picture
Patrick McKenzie
@patio11
I don't miss the month-to-month volatility of running a business but I certainly miss the joys of Oh Random Money From The Internet.
The irony is not lost on me that my boringly predictable paycheck is from the Random Money From The Internet company.
(I actually had a pair of high-temperature disagreements with various sets of accountants because they had accounted for the paycheck as revenue, I said "No, as discussed, that is a paycheck from Stripe", and they said "See that would imply that you're an employee there. Silly.")
Read 3 tweets

Related threads

Profile picture
Matthew Willemsen
@mwill_crypto
0/ The level of daily activity that takes place in the #crypto and #blockchain space never ceases to amaze me.

Below, a 22-part thread full of project announcements and other ecosystem events from the past ~24 hours. Enjoy!
1/ 🚀 @DharmaProtocol- and @CompoundFinance-powered @Bloqboard introduced its 'Offers to Lend' feature!

Now, lenders can offer to lend $BAT, $DAI, $REP, $WETH and $ZRX in a P2P-manner from their @MetaMask_io wallet. Can be done in under a minute!
2/ 🙋‍♂️ Hong Kong-headquartered @CryptoCom appointed Tyson Hackwood (@tysonius) to its leadership team as senior vice president and head of global merchant acquisition.

Previously, Tyson led @PaypalHereAU and @Braintree's Asia-Pacific region. Big hire! prnewswire.com/news-releases/…
Read 25 tweets
Profile picture
Matthew Willemsen
@mwill_crypto
0/ Left feeling glum after yet another strong #cryptocurrency sell-off? Then this thread's for you!

Below are 22 #blockchain-related things that caught my eye over the past ~24 hours.

Regardless of price performance, this #crypto space just keeps on developing!
1/ 🎮 @ThetaToken parent @SLIVERtv360 formed a partnership with Tencent Games to launch a 24-7 live #eSports channel powered by #Theta rewards.

@RoE_Tencent players can purchase in-game items and upgrade using the $THETA #crypto token! sliver.tv/win/roe
2/ 💸 @AragonProject's six Nest grantees shared their project's quarterly progress reports.

See link for latest on @DAppNode, @EspressoOrg, @Frame_ETH, @Pando_Network, @PryLabs and @SpaceDecentral. All are improving the #Aragon and #Ethereum ecosystems! blog.aragon.org/aragon-nest-q3…
Read 24 tweets
Profile picture
Matthew Willemsen
@mwill_crypto
0/ Before the arrival of the weekend, we had a spate of news related to the #cryptocurrency and #blockchain ecosystem.

Keep reading to get up to speed on the latest goings-ons from the past day or so. You ready?
1/ 🆕 The team over at @ParityTech launched the alpha version of its Parity Fether wallet for the #Ethereum.

Fether uses the Parity Ethereum light client to access the #blockchain, as opposed to most #crypto wallets that are reliant on a centralized node. medium.com/paritytech/par…
2/ 🌊 After 4 full source-code rewrites, @PerlinNetwork [ $PERL ] unveiled the pre-alpha version of Wavelet.

It's the *first* publicly available, open, permissionless ledger that makes use of a DAG-based consensus protocol. Check it! medium.com/perlin-network…
Read 31 tweets
Profile picture
Matthew Willemsen
@mwill_crypto
0/ It's that time again! As always, there's been *plenty* happening in the #crypto/#blockchain space over the past ~24 hours.

And so, I've compiled this thread to help keep you in the know. I hope it can do just that. Now, shall we?
1/ 🤝 Prof. services giant @PwC_China established a joint research initiative with #blockchain research organisation @LoopringOrg [ $LRC ], focusing on decentralized trading protocols designed to promote future #crypto ecosystems. pwchk.com/en/press-room/…
2/ 🇺🇸 The world's largest decentralized lending protocol, #ETHLend, just got *a lot* bigger after the founder of its parent company - @AaveAave - revealed they'd start "allowing US borrowers to borrow cryptocurrencies within ETHLand."

Learn more: blog.ethlend.io/ethlend-open-f…
Read 20 tweets
Profile picture
Matthew Willemsen
@mwill_crypto
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
Matthew Willemsen
@mwill_crypto
0/ Having trouble staying on top of all the latest in the world of #crypto and #blockchain? I've got you covered. Well, at least for the last 24 hours or so 💁‍♂️

Let's get this thread going shall we.
1/ 📝 @DPRating published the September edition of its #GitHub Audit, rating more than 200 #crypto and #blockchain projects.

Teams that ranked disproportionately well included @Raiden_Network [ $RDN ], @NulsService [ $NULS ], @ParticlProject [ $PART ], and @POANetwork [ $POA ].
2/ ♻️ @PowerLedger_io [ $POWR ] introduced Asset Germination Events (AGEs), furthering the utility of its native #crypto token.

AGEs will allow people to invest in and co-own energy assets. More details to come via a Friday AMA. medium.com/power-ledger/p…
Read 24 tweets

Trending hashtags

#podcast #FUD #NeoWorld #devcon4 #Bezant #Kenyans #Wasm #Chinese #Plasma #CryptoTwitter #CorruptGOP #health #AgriChain #TomoX #KYC #0x #ETHLend #Cambodians #mainnet #KODAKOne #DeFi #UPDATE #UnikornGold #NRA #Acte7
Follow Us on Twitter!

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 ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

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!