Crypto builders should just give up serving US customers for now and try to re enter in 5-10 years
It’s not really worth the hassle / compromises. Most of the market is overseas anyways. Innovate there, find PMF, then come back with more leverage
Let me first be clear on my goals for crypto and where I believe we’re at right now
In the grand scheme of things barely anyone uses or cares about crypto today. I personally don’t care about care about any outcome except growing crypto 100x+ long term
Jun 7, 2023 • 24 tweets • 4 min read
Big week for enforcement actions 👀
But what does it all mean? What will the impact on crypto be, and where do we go from here?
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First, obviously I am not a lawyer (though I do have great lawyers 😁), so I will focus more on the business side
Mar 21, 2023 • 18 tweets • 2 min read
Crypto enables user generated value
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For a while I have been searching for a concise and comprehensive description of what, fundamentally, crypto enables
This must be something that is both immensely valuable, and fundamentally impossible at scale before the technology
Nov 2, 2022 • 26 tweets • 4 min read
There's been a lot of talk about DeFi + Regulation lately
Let’s dive deeper into how DeFi fits into the core principles behind a DCM (CFTC clearing house license, the most core financial infra), where it's 10x better, adequate, and where we still need to figure things out
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Financial regulations are based on core principles. These are values that for the most part we should absolutely aspire to in crypto
Let’s go through them all through the lens of DeFi
Aug 12, 2022 • 12 tweets • 4 min read
This week an important *technology* was sanctioned
Today a developer of open source software was arrested for the contents of that software
This is it, this is the line. We need to all take a stand that this should be an illegal attack on freedom
Tornado Cash’s team was not some shady team, afaik they are quality founders who were represented by some of the better crypto lawyers and *tried to do the right thing*
Jul 28, 2022 • 13 tweets • 3 min read
dYdX turned 5 today 😯🎂
It’s been an excellent journey so far and I wouldn’t trade it for anything
Reflecting 🧵
We were way too early to DeFi (and probably still are)
It’s hard but not impossible to build a company that is too early
The second most important thing in startups is momentum. The most important thing if you’re too early is to keep momentum
Apr 30, 2022 • 8 tweets • 2 min read
I’m looking to hire a Chief of Staff!
This is a unique CoS role where you’ll be my partner in running dYdX - not an assistant 🤝
Check out the JD if you may be interested!
We’re offering a $15k referral bonus, so share it even if not a fit for you 🤑
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First of all, I would challenge anyone who does not have a legal background to analyze the hundreds of pages of SEC guidance, years of speeches, and decades of case law, with no counsel or even advice and have any idea at all where “the line” is 🤔
May 8, 2019 • 10 tweets • 2 min read
For anyone looking for a more technical explanation of how this is possible (rather than people just yelling at each other) here is my understanding👇
Binance would sign a Bitcoin transaction which conflicts with the transaction that stole $40M BTC from Binance, and instead gives some of this BTC directly to mining pools
Dec 6, 2018 • 24 tweets • 7 min read
Long thread on the state of @0xProject after their 0x Instant launch. Read on if you’re interested in the real state of 0x and open DEXs today👇
Overall I’m a huge fan of 0x and their team, and dYdX is in part built on some of the ideas of 0x as well as integrates with their buy/sell liquidity. They’ve built many dev tools which make it easy to integrate with 0x, and Instant is another great step in this direction
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