1) Why do we have to be so tribal?



Sometimes @elonmusk is wrong, sometimes he's right.

This time I think he's mostly right.
2) I mean, the reliance on DOGE is a bit odd--it's not exactly what I'd choose for a high-throughput L1.

But fundamentally, he's got a decent point here: trying to patch slow L1's with a fast L2 only sorta addresses the problems.
3) A few months ago, we applauded everything @elonmusk wrote, even when it was just memes.

Now we decry it, even when he's making a good point.
4) Why can't we take points as they are, and acknowledge @elonmusk's complicated relationship with crypto?

And acknowledge that his worries about L1 throughput and energy usage are legit, even if he doesn't always immediately find the best solutions to them.
6) also fine, something something @solana something something

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More from @SBF_Alameda

10 Jul
1) Do you feel bullish?

theblockcrypto.com/linked/110950/…
3) Alright, so what's going on with Bullish?

Well really it's two different companies combined into one.

It's an exchange, and it's a pile of crypto.

About $6B of crypto and USD: businesswire.com/news/home/2021…
Read 17 tweets
6 Jul
1) On advice
2) Lots of people have advice to give you.

Sometimes it's pretty straightforward, like "your fan is smoking, you should turn it off".

But sometimes it's about how to run a business, and then it's complicated.
3) It's a really tricky balance.

On the one hand, you are the one who knows your business the best; everyone else is giving advice from a position of relative ignorance.

On the other hand, you're just one person, and they're many; most important things come from others.
Read 24 tweets
3 Jul
1) Mistaking easy for excellence
2) NOT FINANCIAL ADVICE
3) One of the beautiful things about crypto is how easy it is to build stuff.

Want to mint a token? spl-token-ui.netlify.app/#/
Read 21 tweets
1 Jul
1) What does FTX look for in partnerships?
2) There are a ton of ways that we can work with others!

From ftx.com/pay to FTX whitelabels to ftx.com/nfts to liquidity to otc.ftx.com to branding to investments to advising, our surface area is only growing.
3) The potential of our partnerships gets bigger each day.

This also means, though, that we're unlikely to be able to guess everything ahead of time.

And so when we partner with people, a _bit_ thing we try to figure out is:

how excited are they to work with us?
Read 6 tweets
29 Jun
1) Working together
2) Before crypto, I worked on Wall Street.

There were some partnerships there. there had to be; each trade relied on like 12 companies coming together.

The buyer, the retail broker, the PFOF firm, the dark pool, the prime broker, the clearing and settlement, the exchange...
3) And then again on the seller's side.

And maybe an ETF issuer and an AP while you're at it.

But given that, things were pretty cutthroat.

Not fucking each other over actively--at least where I was, there was a strong ethos against doing anything that seemed negative-sum.
Read 16 tweets
28 Jun
1) why most things suck
2) ok so we're currently trying to pay a company money

like, we want to use their service.

they charge for it, and we're happy to pay.
3) The problem is, they don't really seem to want to let us.

We said "hey we're ready to pay now can we have access to your API?"

They said "no sorry first let's have a phone call".

so we had a phone call, and they walked us through the product (unnecessarily).
Read 6 tweets

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