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EXACTLY. If you actually have the courage of your convictions then cover your FTT backed shorts and back them w ETH. After all, your initial defense was hedging a down market. Collateralizing shorts w your own funny money takes zero courage (balls).

Replying to

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I think you probably haven't thought through that statement very well. What would be the implications of FTT going down a lot? It'd be really bad for us.

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U whale and to be clear I respect that. In the interest of respect let’s agree not to lie or bs each other. Tell me in one tweet how FTT matters to my CREAM, MTA, CRV, or any other bag. Y is ur ability to short everything using collateral you created from thin air good for me?

Replying to

and

if you're not using CREAM then it doesn't matter for you if you *are* using CREAM then it's presumably to get interest for lending things out (which only happens if we or someone else borrows), or to borrow assets (this lets you borrow FTT)

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It’s late and I’m old, but I ask again how is your ability to short $75M using collateral you solely control (CREATED) “good for me” or anyone that isn’t invested w you? Let’s agree you’re good @ what u do, tell me how u shorting my bag w ur magic FTT money somehow helps me.

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shorting on CREAM requires paying interest to the lenders, so they make money from it, which presumably makes them happy or else they wouldn't be lending on CREAM

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Or if they're lending to borrow, then its' symmetric--each person's loan is the price they pay for getting to borrow, and wouldn't work if no one could borrow it

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and it gives people the opportunity to borrow and use the FTT loaned out on CREAM

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I went about this the wrong way, my apologies. I have a far more simple solution. Just tell me how you’re the good guy here.

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Tell me how staking $75m of your manufactured tokens to borrow and short makes you a man of the people. Just tell me how you’re the good guy here.

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I don't think there are always good guys and bad guys in trading. Sometimes there are just people. I think it increased the economic activity on CREAM and in crypto, capital efficiency, and liquidity. Usually that's as much as you can ask for in a trade.

9:01 AM · Oct 12, 2020Twitter Web App

Replying to

and

Perhaps so. In this case there’s one guy that hammered everyone else’s bag and is acting like some sort of philanthropist. Still haven’t answered the baseline question here. How is you shorting everything using your manufactured collateral good for me, or anyone other than you?

Replying to

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Market conditions you create, liquidity etc (like FTT liquidity means anything to anyone other than you) are conditions you created, not benefits. Anyone would be a fool to bet on FTT as you can flip it either way on a whim.