Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Jeff Dorman, CFA Profile picture
@jdorman81
Nov 11, 2019 • 4 tweets • 7 min read • Read on X
How does the #OkBoomer meme help shape crypto? We explore in "That's Our Two Satoshis" #crypto recap via @arca.

ar.ca/blog/crypto-ma…

Societal shifts are happening & will be long-lasting. Younger generations are clearly frustrated & crypto adoption gateways are rising.
Older generation has lost touch with younger generation, and for the first time, the younger generation has a loud microphone (social media) and a solution (#Bitcoin and other digital assets).

This is the information world - no longer will people accept what doesn’t make sense.
Used a ton of info from others this week to frame our argument. Shout outs to:

@MakerDAO @skewdotcom @jillruthcarlson @el33th4xor @RonPaul @Chaneileon @Rhythmtrader @trevornoren @prageru @morganhousel @udiWertheimer @APompliano
@MakerDAO @skewdotcom @jillruthcarlson @el33th4xor @RonPaul @Chaneileon @Rhythmtrader @trevornoren @prageru @morganhousel @udiWertheimer @APompliano Just stumbled upon this great writeup on Millennials vs Banks from @Rhythmtrader rhythmofbitcoin.substack.com/p/bitcoin-and-…

Everything in here is spot on and further accentuates the points we made last week regarding shifts in demographics and socioeconomics.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Jeff Dorman, CFA

Jeff Dorman, CFA Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @jdorman81

Jeff Dorman, CFA Profile picture
Sep 13, 2023
Been tweeting / replying a lot today about the FTX court approved sale of crypto assets, so if you missed key points, here's a summary with a few updates:

1) Galaxy Asset Mgmt, not their trading desk, won the bid. They must act as a fiduciary & sell gradually & opportunistically
2) Galaxy is receiving massive amounts of reverse inquiry already (some from real funds, some fishing expeditions). But OTC sales will dominate the buying. Less likely to see a lot of selling on exchange or via TWAPs. As good bids come in, they will engage.
3) The $100mm max per week is really not relevant. They can ask for court approval if they get a bigger block bid, and they don't have to sell anything in any given week. The $100mm was just a guideline to prevent dumping and destroying value for the estate.
Read 9 tweets
Jeff Dorman, CFA Profile picture
Jun 5, 2023
My 2 sats on SEC vs Binance

Mostly irrelevant since no one operates in the US anymore and a bunch of non-criminal charges for past wrongdoings don’t really matter.

I see 2 actual negatives from this: ⬇️
1) SEC explicitly defining certain tokens randomly as securities could lead to delistings on Kraken & coinbase or any other US exchange

2) negative sentiment effect if CZ is out and people loved him

That’s about all I see. Pretty benign otherwise.
From a market standpoint... how many times can you rally on the same news over and over again (2020 - corporates buying BTC) or sell off on the same news (2023 - SEC hates crypto)

It just doesn't have much impact any more
Read 4 tweets
Jeff Dorman, CFA Profile picture
Jan 24, 2023
1) The $DYDX tokenomics model is broken, with several key issues:

- Revenues flow to dYdX Trading instead of to tokenholders
- High Inflation & Large upcoming unlocks
- V4 Shipping delays

A thread on the problems & suggestions 👇

h/t @Crypto_Alex17 @MattHepler8
2) Over the past 6 months we observed other $DYDX stakeholders highlight these same issues on DYDX’s public channels. We expect significant improvements to the value & sustainability if the tokenomics are fixed, especially as users move from CeFi to DeFi derivatives post-FTX
3) Arca has engaged the @dydxfoundation , DYDX Trading & major stakeholders to address some of these issues but have been met with resistance and apathy.

With product delays ahead of a major bear market unlock, it is time to make this discussion public.

Let’s dig in:
Read 23 tweets
Jeff Dorman, CFA Profile picture
Jan 23, 2023
Last week, Genesis filed for Chapter 11 bankruptcy protection bringing restructuring negotiations to the public. While we cannot predict how negotiations will end, we pored through filings to synthesize lessons learned and where we might be headed.

Here are 4 key conclusions:
#1: The Genesis bankruptcy represents the end of the forced selling of assets—especially the Grayscale trusts. Gemeni liquidated about 5% of GBTC shares in November that was being used as collateral from Gemeni causing an artificial widening of spreads of GBTC to record levels.
#2: DeFi again proves to be superior to CeFi for risk management. We’ve written about this theme several times and now the Genesis bankruptcy is a prime example of the relative failure of CeFi.
Read 7 tweets
Jeff Dorman, CFA Profile picture
Dec 15, 2022
The SBF saga / theatre at this point has no bearing on the market.

Here are 10 much more relevant digital assets stories to follow: 👇
1) Audits

Have you ever gone thru a crypto audit? The auditors are still learning themselves. It's one thing to prove you have assets in the wallet; it's quite another LONG ordeal to prove you have access to all of them.
1b) And auditors do not like to take risks (see the fallout of Arthur Anderson after Enron).

So if your base case is that "no audit = bad actor"... you may want to consider that "no audit may = auditors are scared of being wrong"
Read 19 tweets
Jeff Dorman, CFA Profile picture
Nov 2, 2022
FOMC meeting --- yawn. Here's how it should have gone:

Q1: How did all 12 Fed governors vote unanimously for 75 bps when there are hundreds of possible permutations that affect trillions of dollars?

A1: Group think - we let markets decide for us then we appease them
Q2: How will you get inflation down to 2% when you have missed every inflation target the Fed has ever set? Literally everyone one. You've never successfully caused inflation when you wanted it nor brought it down when needed?
A2: We have no clue what we're doing when it comes to inflation. But we DO know that we can make stocks go higher when we need to by spending a ton of money. That always works.

So hang tight, keep gambling & shorting, but if we screw up, which we will, we'll save you again.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

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

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(