@OKX President. #freemarkets. #bitcoin. #OkToBeDifferent. Tweets not advice. Views are my own.
Oct 9, 2023 • 17 tweets • 5 min read
We've made a decision to rebrand Okcoin globally to OKX over the coming months.
Such a bittersweet moment.
A thread…🧵
1/ I've been part of Okcoin for 5 years. Over the years, we have put a lot of love and passion into our brand and product.
But we also believe it’s time for a change. Rebranding to OKX in our key operational jurisdictions will be great for our customers and business. I'm very excited about what to come next.
Mar 13, 2023 • 5 tweets • 2 min read
It's been a wild week. Silvergate. SVB. Now Signature.
We had no exposure to SVB (or any of the previous blow-ups)
We managed Silvergate situation
Signature IS our primary USD bank for customer transactions. So this Sunday news did have some short-term implications👇
What's temporarily paused @Okcoin:
- USD deposit by wire and ACH has been immediately paused. We don't want your deposit to get stuck
- Over-the-counter services will be temporarily paused too (aka quick-buy and recurring-buy)
Nov 16, 2022 • 16 tweets • 4 min read
In the context of what’s happening with Genesis, BlockFi, Gemini Earn (and previously FTX/3AC), I want to share some thoughts in a quick thread:
1/ At @okcoin, we have intentionally made a business decision NOT to engage in centralized lending business.
Our @Okcoin Earn product does not use any third party vendor like Genesis or BlockFi.
We do not take assets from some customers and lend to others.
Thread below for a quick summary 👇
1/ Q: Where would Bitcoin succeed when gold has failed as money?
Saifedean: Unlike gold, Bitcoin is not physical and is therefore salable across spaces. Onchain btc transaction does not require any central entity for permission, and can happen across the world at very low price.
Feb 6, 2021 • 12 tweets • 4 min read
Many people ask:
How can #bitcoin be a “store of value” when it is volatile in price?
Time for a thread.👇
1/ What makes the best “store of value”?
If we can only pick ONE feature, it is its built-in “predictability”.
Jan 9, 2021 • 5 tweets • 2 min read
1/ August 6th, 2020 - Trump signed executive order to ban #Tiktok
Jan 8th, 2021 - #twitter banned Trump for good.
2/ Almost want to joke that it feels like a revenge from one social network for another, but of course it’s not.
There is a deep irony in this sequence of events.
Dec 29, 2020 • 12 tweets • 2 min read
It’s always fun to guess what would happen next year, no matter how wrong we would be.
Below is my 2021 crystal ball – out there to be smashed :)
A thread to come.
1/ Theme 1: Bitcoin is still the King
Dec 23, 2020 • 16 tweets • 3 min read
On Dec 18th, FinCEN announced a proposed rule that will require collection of personal information for transactions of >$3,000 sent to self-hosted wallets. public-inspection.federalregister.gov/2020-28437.pdf
We are very concerned about this proposal @OKCoin.
Key takeaways below:
1/ The results seem to be pre-determined.
Transparency and full public participation is needed for sound policy making on complex topics like this. However, with a shortened 15d window (holiday included) vs standard 60d, we are not getting a genuine opportunity to participate.
Oct 25, 2020 • 6 tweets • 2 min read
What does 5% wealth allocation mean for #bitcoin?
2/ If we take a static and US-centric view, estimated US household wealth was about $98 trillion in 2018. 5% of that would be about $5 trillion.
