Share this page!

SBF Profile picture
Twitter logo
5 Jun, 5 tweets, 3 min read
1) I'm away from the office this week at the conference, but our team has rolled out a ton of cool shit!
2) FTX Pay:

Have an app, business, exchange, etc. that wants to accept both crypto and fiat?

Integrate FTX Pay!

US: ftx.us/pay
Intl: ftx.com/pay

Live now on sollet.io!
3) NFTs are live on FTX!

Some cute ones to start but lots more to follow. Reach out if you want to add yours!

ftx.com/NFTs
ftx.us/NFTs
4) Some info pages!

ftx.com/rewards
ftx.com/exchange-stats
5) Use many orderbooks at once, fully customizable: ftx.com/advanced-tradi…

• • •

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_Alameda

SBF Profile picture
2 Jun
1) What a difference a year makes
2) I'm back in the states for the first time in about a year and a half.

There's probably a thread to write here about COVID and masks and vaccines and travel and Asian and the bay area and Miami, but this isn't that thread.
3) Last time I was here, I was visiting a Berkeley office, bustling with life.

BTC was trading at $9k, about to crash to $4k.

FTX had a few hundred millions of dollars per day of volume.
Read 9 tweets
SBF Profile picture
24 May
1) What sort of leveraged played a part in the crash?
2) NOT INVESTMENT ADVICE. TRADE RESPONSIBLY.
3) The obvious answer is "100x".

But I don't think it's the correct one.
Read 10 tweets
SBF Profile picture
23 May
1) Ok, so something which I think is relevant:

1) Over the last week, ~$20B of longs have been liq'd
2) Right now, OI ~ $20B

coingecko.com/en/exchanges/d…
2) So that means....

I think (?) that means we have to be nearing the end of the futures liquidations.

A lot of the remaining OI is very unlikely to be liq'd.

But, there are other types of liquidations.
3) Spot margin trading, for instance.

FTX has ~$1b of OI on ftx.com/spot-margin/le…, but that number has been more stable.

Bitfinex has another ~$2B.

So there could be *some* more liqs, but not a ton.
Read 7 tweets
SBF Profile picture
20 May
1) Ok, so how much CO2 does BTC actually create? How much of a worry is it?

2) NOT... advice, really. Just math.
3) Ok, so. Let's say you spend $X on BTC/ETH blockchain fees (or any PoW currency).

Those $X are going to miners in a bidding war for block slots.

In an efficient market, as long as it's profitable to run a BTC/ETH mining rig, more people will open them up.
Read 8 tweets
SBF Profile picture
14 May
1) How fickle we all can be
2) For years, we were entertained by @elonmusk.

"Here is a meme", he said, "in which I like bitcoin".

"Yes", we replied, "this one sparks joy".
3) He did not pretend to have loyalty or deference to BTC. Or for that matter, to anything, really.

That is fine, we all thought. Deference to the system as it happens to exist is the innovation killer.
Read 19 tweets
SBF Profile picture
13 May
1) So on energy usage of BTC:

The profile will change long-term. Right now the main driver is from block rewards.

But as block rewards exponentially decay, those will become less relevant.

Long-term, there are really two core drivers.
2) First, transaction fees.

There's limited block space, and transactions will basically be bidding in auctions for those.

That means that greater demand for BTC transfers --> higher tx fees --> breakeven point with more miners --> more energy used.
3) So long-term energy used by BTC will scale with total demand for BTC transfers.

The other thing it scales with is security.

If anyone accumulates 51% hashrate they can attack the network.

So for BTC to be secure, it has to be prohibitively expensive to get 51% hashrate.
Read 8 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

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!

Follow Us on Twitter!

Like this author's thread?

Get emails when @SBF_Alameda has new unrolls!

Check out other threads from @SBF_Alameda!

Read all threads by @SBF_Alameda

:(