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.
4)
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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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.
2) It's been incredibly exciting getting to know @zachdex and the whole LedgerX team, and watching them, @Brett_FTXUS, @_Ryne_Miller, and others work together on a common goal:
one of the most exciting goals in the crypto ecosystem.
3) We're excited to work with the @CFTC on innovating in the US crypto derivatives space in a regulated, understood manor.
Common ground between regulators and industry is the foundation of safe, sustainable innovation.
2) We've admired what Liquid has been working towards: a leader in international cryptocurrency compliance, and one of the longest running exchanges in the ecosystem.
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.
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: huobi.com/support/en-us/…)
So that means they're claiming about $110m revenue in July 2021.