Conversation

SBF
@SBF_FTX
Replying to
@SBF_FTX
3) Crypto is defined by building. Building projects, helping things, and moving forward. Sometimes things break, and then you fix them.
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SBF
@SBF_FTX
4) Crypto is a decentralized consensus that cuts across borders and languages. It’s not meant to be political or factional. Crypto is for building, not fighting.
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SBF
@SBF_FTX
5) Sushiswap was built, and then it broke. And then a bunch of people devoted their time to trying to fix it. Many have spent sleepless nights on Discord, or Github, doing everything they can to help Sushi. They’ve devoted a lot more time than I, with no compensation.
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SBF
@SBF_FTX
6) I didn’t build sushi. I was called in and I’m trying my best to do what’s right for it. But a lot of people seem to have gotten sidetracked fighting against those trying to fix it. And I’m not the only one who feels that way.
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SBF
@SBF_FTX
7) Sushiswap is only a few weeks old: 3rd highest DEX by volume 5th largest by TVL $SUSHI is the fourth most traded DeFi coin. The migration was successful; transitioning to multisig. It has real revenue--tens of millions per year--flowing back to SUSHI.
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SBF
@SBF_FTX
8) And all of its funds were voluntarily returned. That was huge, and mostly unprecedented. And, no, it wasn't under duress. Nomi said they felt guilty, and I believe them.
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SBF
@SBF_FTX
9) In another world, it might be a sign of hope and redemption; a week ago, Sushiswap’s future was uncertain at best. And for some in DeFi it is a story of hope. But for others it's an opportunity to score a political point or slander a competitor.
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SBF
@SBF_FTX
10) I’m not defending every part of sushi, or its past. I’m not perfect; nor is sushi, and nor are the other multisign members. No one is. And I cant guarantee anything about its price. But we’re all trying our damned best with millions on the line.
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SBF
@SBF_FTX
11) And privately, many of the multisig signers have told me stories of others acting bizarrely inappropriately and aggressively towards them.
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SBF
@SBF_FTX
12) One has had a rival company investigate their contacts, trying to dig up dirt that they can weaponize opportunistically, threatening lawsuits. Multiple have been accused of being Nomi with no evidence.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
14) Many have been threatened legally by people who have never touched sushi (for what, exactly?) I’ve been given the weirdest and most unprofessional insult I’ve ever seen by an employee of an “impartial” aggregator.
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SBF
@SBF_FTX
15) Insults have been thrown at the protocol and program that make no sense.
@coindesk
wrote a piece riddled with factual errors so thoroughly it had no substance left. It’s central point was wrong -- you totally can reduce emissions and implement vesting on sushiswap.
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SBF
@SBF_FTX
16) We’re here, in this space, to build together. Some people seem weirdly interested in trying to take down those who are still building.
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SBF
@SBF_FTX
17) I understand that some are upset by forks. But if you build something open source, that’s fair game. And you can’t fork the future. If you’re that scared of forks, what does that say about your future?
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SBF
@SBF_FTX
18) I was called on during Sushi’s darkest hour, and since then I’ve done what I can to try to get it on its feet. And I’m not alone. A bunch of people have put in hundreds of hours to bring sushiswap through its most turbulent period. I’m grateful for what they’ve done.
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SBF
@SBF_FTX
19) But I have other things to do in my life -- many of us do. And so I’ve been tempted to withdraw from Sushiswap at times--for being asked to help fix it, and then shit on when I do.
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SBF
@SBF_FTX
20) But in the end I haven’t left. Because sometimes, when you see bullies, you don’t back down. I’m not running, or leading, Sushiswap. No one is but the community. But I’m proud to be a part of it, and to help it build.
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SBF
@SBF_FTX
22) The first is that I am not sushi; I don’t speak on behalf of sushi; I do not run it. I’m just doing what I’ve been asked to do, and what I can, to help it.
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SBF
@SBF_FTX
23) Second, I can't control the price. That depends on whether you all buy or sell. So if the community sells their sushi--that's it's choice. And if the community buys, so be it.
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SBF
@SBF_FTX
24) The third is if you have no interest in sushiswap, that’s fine; to each their own. Feel free to go on to my next oversized tweet thread.
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SBF
@SBF_FTX
25) The fourth: to those who have no stake in Sushiswap but are using it as a way to slander their competitors, kindly go fuck off and let them keep building.
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SBF
@SBF_FTX
26) The fifth, to those a bit too obsessed with tearing it and those improving it down: boy, you must be scared of something.
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SBF
@SBF_FTX
27) And the sixth, to the actual sushi community: I can’t make you any promises, because Sushi isn’t mine, it’s yours. All I can say is that I’m doing the best I can.
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SBF
@SBF_FTX
28) It’s you who will determine where sushiswap ends up. And it’s you who will determine whether SUSHI goes up or down; I can’t make people buy or sell. We’re just people tasked with making sure your will is implemented.
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SBF
@SBF_FTX
29) But for all the fighting and shit we’re getting--at least for now, Sushiswap is doing just fine. You can stake your SUSHI at the sushibar for yield. And that’s not hyperinflation--that’s revenue, returned to the token holders.
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SBF
@SBF_FTX
30) I wouldn’t blame any of the people in the community, or the multisig holders, if they wanted to step away.
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SBF
@SBF_FTX
31) But for now, I’m going to stay. Because sometimes, when you see a h8ter, you don’t back down. You keep building. And, if you stick around, maybe you’ll find out exactly what they were so scared of.
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SBF
@SBF_FTX
32) Anyway that’s all for now--back to building; lots of listings tonight! And if you want to build: join us. Lots of exciting stuff coming out soon: Across Sushi, and Serum, and Solana; And across the rest of DeFi, built by many great minds.
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