The Definitive Thread on FTX
I met SBF before FTX started, and witnessed their rise and fall. I can't stand @nytimes's puff piece.
If anyone wants to know what happened, send them this.
1/ Ok so just processing this out loud because I am pretty mindblown that FTX chose - of all options, a buyout from Binance.
These were the options open to SBF: (a) seek emergency debt financing, (b) seek new money investment, (c) liquidate assets and/or (d) buy time...
1/ There are no other constitutional rights in substance without freedom to transact
Being meaning to write this for 6 months, but the Canadian response to the trucker protests is illustrating this so vividly, that today is the day.
wHaT bEaR mArkEt
This thread is an assortment of mental models and frameworks I've developed and relied on throughout the span of my trading career, with some personal anecdotes mixed in.
I will continue to update this thread as I identify new trading maxims w/ time.
The epic trilogy "Of Smoke and Mirrors" proceeds with the rare sequel that is even better than the original-
𝗣𝗮𝗿𝘁 𝟮: 𝗧𝗵𝗲 𝗚𝗼𝗱𝘀'𝗙𝗮𝘁𝗵𝗲𝗿
A Masterclass on building your own Ponzi empire; The Caveman Classic; Learning the 10 cOhmandments;
https://t.co/eLk59QG7FB
Today the journey begins.
We set the stage for a first Principles framework, guided by the Three Laws of Thermo-Ponzinomics.
Join me, as we set off on a hitchhike across the Ponziverse, in "Of Smoke and Mirrors, Part 1".
https://t.co/Q3vp1kyeUS
Time for a mega-🧵on what I've learned about Olympus over the last few days since I publicly skewered them for running a ponzi.
Was that accurate? Was it warranted? Read and find out!
1/25
1/ In this thread we will disclose the identity of one of the (currently) most (in)famous NFT influencers. But before we do that, we first explain our (philosophical) justifications and provide some important disclaimers.
I’m starting to come around to the idea of deploying the @synthetix Exchange contracts to multiple L1’s. This is purely based on a concept that emerged recently for Synths to act as fast withdrawal bridges across networks. Synthetix has some *weird* properties so a 🧵👇
The money printer ain't going BRRR, so #crypto is about to get bludgeoned with a two-by-four studded with rusty nails. Read my essay "Maelstrom" to find out why.
https://t.co/qUPq90W4qz
I m gonna talk about the recent rumours about me taking over pudgy penguins, I did not want to talk about it first, but with so many DMs, I felt responsible for keeping everything as transparent as possible. So people will not make any investment decisions based on rumours.
At 19 I built a digital advertising business that made me over $30 million in profit in a few years.
I was the only employee.
At one point, I was Google’s 2nd largest advertiser after eBay.
Here’s the story of how it happened, what the business did, and how much $ it made.
I decided to make an evil 👿 2022 crypto predictions list
I don't necessarily think these things will happen, it's basically doom porn of events, very unlikely. Feel free to add other similar predictions
A bit twisted but I like to feel out the extremes as a thought exercise 🧵
Yes, $gas is safe to claim and trade. There's nothing sus in the contract, but I'd like to take a moment to make a plea that I'm sure will fall mostly on deaf ears:
It is evident that $ens has started a trend - airdropping tokens to "reward" the community, but in actuality...👇