Justin Profile picture
Sharing tales of a first year at a law firm. Ex-consultant/startups. Was also a photographer. Tweeting until HR tells me to stop. @CardozoLaw '23|@WUSTL '16
Nov 17, 2022 6 tweets 2 min read
Kind of sums it all up right here. Unfortunately because of FTX, everyone will make this their default assumption about crypto generally.

pacer-documents.s3.amazonaws.com/33/188450/0420… I had initially thought about pulling out juicy quotes but honestly the whole thing is worth a read. High level summary? FTX did none of the things that a normal company should have done (audited financials, cash controls, corporate governance, etc). New CEO is currently working
Nov 17, 2022 7 tweets 4 min read
I'm someone who prefers to read rather than watch/listen, and so as much as I often hate Twitter, it's been an endless source of serendipitous knowledge. Some recent examples that floated to my timeline, that were way outside my ken, but I enjoyed reading nonetheless. 🧵 1. @danluu's thread on Twitter's kernel team. I know enough to know what a kernel is, but had no idea about this particular dynamic tech "subsidizing" this kind of research
Nov 17, 2022 7 tweets 4 min read
Ok so Crypto Twitter has been overwhelming lately and I personally struggle with filtering, so I end up relying on a few key people to provide (what I feel) a balanced, objective perspective on what's going on in crypto🧵 1. @mrjasonchoi & @adamscochran for long explanatory threads explaining in clear terms what's going on with FTX. (because ofc I need to share FTX stuff right now) Examples
and
Nov 16, 2022 17 tweets 3 min read
For anyone trying to talk to non-crypto people about what's going on, here's my "for dummies" FAQ to explain the situation (with examples). It's "for dummies" because I myself am a dummy and so these are gross simplifications.🧵 1. So what's FTX? FTX is a crypto exchange that let users trade cryptocurrencies. So think TD Ameritrade/Robinhood but for Crypto. You could go online, deposit some USD, and trade BTC/ETH.
Nov 16, 2022 5 tweets 1 min read
"[SBF] told Reuters that due to a "confusing internal account," Alameda's leverage was substantially higher than he believed it was. He added that FTX processed roughly $6b of client withdrawals."

We should be cautious about allowing SBF to just blame Caroline for everything. [quote is edited slightly for brevity.]
Nov 15, 2022 9 tweets 3 min read
Ok here's my wholly uneducated speculative take on the state of crypto regs in the US. I post this because I want to tag much smarter people than myself to hear their takes but none of this is actual prediction.

Cc: @exlawyernft @gcosteloe @jchervinsky? Just throwing darts. Assumptions: 1.crypto is small. The echo chamber is loud but ultimately, $10b of FTX funds is small in the context of institutional investors/PE that regularly raise $10+b funds. 2.crypto is loud: aka it's flashy, skews towards retail investment and "get rich quick" stories.
Feb 9, 2022 11 tweets 3 min read
God I hate that I'm retweeting Fox News. But I couldn't help myself given how perfect an example this is of intentionally misleading drivel hidden under the guise of "news." So let's take a look. 1/? First, is the tweet itself. "caught" funneling crack pipes into poor communities? Oh no! So right off the bat, we're bogeymanning them for making the drug epidemic worse. Cool, great hook for a captive Fox News audience, most of whom are looking for reasons to hate Biden. 2/?