SBF Profile picture
20 Jul, 5 tweets, 5 min read
1) I'm deeply humbled by the support we've gotten from our new partners:

forbes.com/sites/ninabamb…
3) I'll write more later about the raise, our, plans, and our vision, but for now:

onward!

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More from @SBF_Alameda

16 Jul
2) I'm not involved in the raise.

You can hear some of my thoughts here:

3) First of all, I think the process has been really messy.

I think doing a raise is a good idea.

But given the hassle likely involved from negative feedback, I might not follow through; I'm not sure this fight is worth fighting.
Read 11 tweets
13 Jul
1) Why crypto exchanges make their data free

2) Traditional exchanges are, mostly, matching engines.

The rest of the infrastructure -- brokers, margin, risk, clearing, custody, GUIs, APIs, etc. -- fall on other companies in the pipeline.

When you buy a stock on @RobinhoodApp, ~10 different companies are involved.
3) In crypto, the norm is different.

Crypto exchanges are full stack products, building the entire experience.

When you buy a BTC on @FTX_Official, there are only 3 companies involved: the buyer, the seller, and the exchange.
Read 7 tweets
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
9 Jul
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.
Read 6 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

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