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10) alright I'm confused by $YFI. On the one hand, I think people don't realize that while it itself isn't yield farming, it's revenue comes from yield farming, so it's still really tied to it. So it crashes with farming. On the other hand,

is a baller.

11) and in particular,

@AndreCronjeTech

keeps building, so though I'm bearish on YFI as it exists right now, YFI might become something much more powerful over time. IDK, YFI seems much more like a bet on

then a bet on

to me.

12) to be clear I would short sell the shit out of those models attempting to directly project TVL/earnings/etc. of YFI as it exists today. But like I feel a lot less good shorting

@AndreCronjeTech

's building. Lots have done that. Few have won to it.

SBF

@SBF_FTX

Sep 21, 2020

13) alright, again, I'm ignoring $BNB $HT $OKB etc., and $COMP $LEND $AAVE $BAL etc., because yeah obviously they have real products, also everyone knows them.

SBF

@SBF_FTX

Sep 21, 2020

14) $HXRO is building some cool shit, as are $CREAM and $SXP and $MATH and $TOMO and $SUSHI. And probably many more than I'm missing.

118

SBF

@SBF_FTX

Sep 21, 2020

15) So a few notes on these. a) I'm not saying it's good to buy these. It might not be! It might be bad! Among other things, some of them are already up a lot. At some point it's no longer cheap. b) I have conflicts here.

SBF

@SBF_FTX

Sep 21, 2020

16) In fact I *definitely* have conflicts of interest on many of these. Why? Because when we think a project is really cool, we'll often buy tokens. So the fact that I think they're cool enough to mention means we might have thought they were cool enough to buy.

SBF

@SBF_FTX

Sep 21, 2020

17) Again, prices matter, and so that doesn't mean buying now is good. Some of these we never bought much of because we were too late. I tried hard to buy $COMP the day before it listed, but by then it was already up a ton. Oops.

SBF

@SBF_FTX

Sep 21, 2020

18) Also there a few that would be here, if they ever listed a coin (talking to you,

/ @bluekirbyfi!).

19) Anyway, that just goes to say: This isn't just a customary "not investment advice". I really do mean it. I probably thought most of these coins were good to buy at some point, but for some of them that point isn't now. (For some of them, it is!)

SBF

@SBF_FTX

20) Anyway, TL;DR (oops you've already read it): Three cheers to the builders, who make crypto what it is. There are a lot of them, interspersed between the noise. You are the future of crypto, and so the future of crypto depends on you. Keep building.

12:05 PM · Sep 21, 2020Twitter Web App

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and

Thoughts on $XHV?

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and

Too bad you never bought $VET SBF, but you will ultimately. It's inevitable.

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and

Replying to

and

twitter.com/SBF_Alameda/st "'what projects that _I'm not a part of_ do I think are really legit'

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SBF

@SBF_FTX

Sep 21, 2020

1) ok guys today is bloody and red and shitty so let's play a game of 'what projects that I'm not a part of do I think are really legit' also I'm not going to say the obvious big ones, y'all know those. ------------ IS THIS INVESTMENT ADVICE, YOU ASK? NO. NO IT IS NO.

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