SBF Profile picture
21 Sep, 7 tweets, 2 min read
1) OK so pet peeve:

You're playing against a great offence, so you decide to run the ball more to "keep the ball out of their QB's hands".
2) This is a really common suggestion. 538, known "quants", just suggested it without any pushback!…

But it makes no sense.
3) The thing is, if you run the ball, taking up more clock...

Then that's time *neither* side can take advantage of.

Let's say you can choose between 75% running or 75% passing on this possession, and each have equal % of scoring.
75% run: ~10m left
75% pass: ~12m left

But just adding 2m to the game clock doesn't particularly advantage one team or the other, it just increases both team's point totals.

Teams alternate possessions. You'll both get roughly the same number no matter how slowly you play!
5) Obviously this isn't 100% true.

a) a few mins left in half --> try to end the game on one of your possessions so you get an extra one

b) if they're way better than you, you want a shorter game --> more volatility

c) way down --> play quickly, way up --> play slowly
6) But to first order, you should do whatever gets you the most points in expectation with your possession, and not worry about the clock impact unless it's near the end of the half or a team is way ahead.
7) Lamar's rusing didn't beat Mahomes because he kept the ball out of his hands.

He won because he's fucking fast.

Lamar Jackson out-rushed the entire Chiefs team, and he's a QB. That's either a great sign for him, or a terrible sign for their RBs.

Or, in this case, both.

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More from @SBF_FTX

20 Sep
1) Today we're proud to announce that FTX has been registered with the Securities Commission of The Bahamas under the DARE Act of 2020.…
2) We're extremely thankful for the work that the Securities Commission has put into building out a comprehensive regulatory framework for digital assets--one of the first in the world.
3) Having a comprehensive, nimble regulatory framework with oversight is essential to ensuring that the crypto industry is safe, robust, and growing.

We're excited to be one of the first global crypto exchanges to be part of a comprehensive spot + derivatives regulatory regime.
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6 Sep

Make your own NFTs 🔥

All NFTs will be cross-chain ETH/SOL!

Deposits/withdrawals opening up in the next couple weeks.

You'll also be able to deposit outside NFTs then!
also available at

also both US and non-US users can use FTX US!
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31 Aug
1) This is probably one of the most exciting announcements we've ever had.

@ftx_us + @ledgerx…
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one of the most exciting goals in the crypto ecosystem.
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Common ground between regulators and industry is the foundation of safe, sustainable innovation.
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25 Aug
1) @FTX_Official is proud to announce that we've extended capital to @Liquid_Global.

All customer assets are safe and backed fully backed.…
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And we're excited to find more ways to work with them.
3) But for us, and for the Liquid team--@MikeKayamori, @CooLiquid, and everyone else--the customers always come first.

Which is why the first priority for them and for us was to make sure that everyone was going to be protected.
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16 Aug
1) The currency of crypto
2) What's the 24h volume on @FTX_Official?

@coingecko's API says 205,706.

Which, at this point, will seem really weird to anyone in the industry. Shouldn't it be around 10B?
3) For those who have been here a looong time, though--predating me--this might be exactly what you're expecting. (CoinGecko's API is retro!)

In the last 24h, FTX has traded roughly 200k BTC worth of assets.

But at this point, BTC-denominated volume is all but gone.
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15 Aug
2) Huobi burned 2.3m HT ~ $22.6m for the month of July.

What does that mean?
3) Well, Huobi claims to burn 20% of its revenue.

(This is a little complicated -- they buy/burn 15%, and then they buy/burn 5% from something that looks kinda like the team allocation:…)

So that means they're claiming about $110m revenue in July 2021.
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