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
SBF Profile picture
@SBF_FTX
Sep 30, 2020 • 7 tweets • 1 min read • Read on X
1) how to make moats
2) build a good product
3) constantly keep making the product better
4) give users an experience they don't want to leave
5) Continuing digging the central trench beneath where the drawbridge will be, making sure to allow for enough width that it is not jumpable but not so much that the bride will collapse in the middle. Make sure not to forget the water!
6) pay attention to other products and adopt their strengths before they adopt yours
7) get a large userbase

• • •

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

Keep Current with SBF

SBF 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 @SBF_FTX

SBF Profile picture
Nov 14, 2022
1) What
2) H
3) A
Read 32 tweets
SBF Profile picture
Nov 11, 2022
1) Hi all:

Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US.
2) I'm really sorry, again, that we ended up here.

Hopefully things can find a way to recover. Hopefully this can bring some amount of transparency, trust, and governance to them.

Ultimately hopefully it can be better for customers.
3) This doesn't necessarily have to mean the end for the companies or their ability to provide value and funds to their customers chiefly, and can be consistent with other routes.

Ultimately I'm optimistic that Mr. Ray and others can help provide whatever is best.
Read 5 tweets
SBF Profile picture
Nov 10, 2022
1) I'm sorry. That's the biggest thing.

I fucked up, and should have done better.
2) I also should have been communicating more very recently.

Transparently--my hands were tied during the duration of the possible Binance deal; I wasn't particularly allowed to say much publicly. But of course it's on me that we ended up there in the first place.
3) So here's an update on where things are.

[THIS IS ALL ABOUT FTX INTERNATIONAL, THE NON-US EXCHANGE. FTX US USERS ARE FINE!]

[TREAT ALL OF THESE NUMBERS AS ROUGH. THERE ARE APPROXIMATIONS HERE.]
Read 22 tweets
SBF Profile picture
Nov 8, 2022
1) Hey all: I have a few announcements to make.

Things have come full circle, and FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for https://t.co/DWPOotRHcX (pending DD etc.).
2) Our teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered 1:1. This is one of the main reasons we’ve asked Binance to come in. It may take a bit to settle etc. -- we apologize for that.
3) But the important thing is that customers are protected.
Read 6 tweets
SBF Profile picture
Nov 6, 2022
1) A huge thank you to everyone who has supported us--we're excited to keep climbing together.

And especially to those who stay level headed during crazy times. We deeply appreciate it.
2) A bunch of unfounded rumors have been circulating. You can see .

FTX keeps audited financials etc. And, though it slows us down sometimes on product, we're highly regulated.
3) We've already processed billions of dollars of deposits/withdrawals today; we'll keep going. (Taking up anti-spam checks to process more--sorry if you got those. We're hitting node rate capacity, will keep going.) Also tons of USD <> stablecoin conversions going on.
Read 5 tweets
SBF Profile picture
Nov 6, 2022
1) Posting about what everything wants to know more about:

SEND!
2) Seriously SEND is awesome.

It's the omni box for money (soon we'll merge blockchain into the same box!)

Right now, sending money internationally is a pain in the ass. People are paying 10's of percent's, waiting weeks, and hoping that it lands.

Crypto can do better.
3) It works domestically and internationally. It works with relatives and with employees.

Because that's how blockchain works:

it just works.
Read 5 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!

:(