Conversation

SBF
@SBF_FTX
Replying to
@SBF_FTX
22) That's not what FTT was, or is, or maybe ever will be. And that's ok. When you have a child, you don't hate them for what they're not; you love them for what they are. And when you have a coin, you appreciate it for what it is.
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SBF
@SBF_FTX
23) I had tried, helplessly, to push on lockups so that seed investors didn't sell early. That was silly: FTT had bad, fucked up tokenomics, so it wasn't going to go up for a while. I was trying to fit a square peg into a round hole.
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SBF
@SBF_FTX
24) Instead you let them sell, if that's what they want. And you give it the time it needs to mature. You don't try to sell it, because it's cheap. You let others sell, and you watch it grow up. And you don't try to hype it up when it's not ready. You wait.
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SBF
@SBF_FTX
25) And then, finally, one day, it's ready. It's grown up, and ready to enter the world on its own terms. The past isn't totally gone. It remains, a sort of shibboleth; a club for those who saw it for what it _could_ be, and held, and gave it the time it needed to get there.
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SBF
@SBF_FTX
26) Anyway, in about 4.5 hours, most of the SOL in the world will unlock. For the last year, 2020-01-07 has loomed large. And lots of attempts to build out the Solana and Serum ecosystems have been felled: “sure it has 50k TPS, but LOL have you seen its tokenomics?”
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SBF
@SBF_FTX
28) But, again, I was thinking about it wrong. January 7th, 2021 has always been a part of SOL. There was no escaping it, or pretending it wasn’t coming. I wanted SOL to be something it wasn’t, or at least something the community wouldn’t let it be.
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SBF
@SBF_FTX
29) But today is beautiful. Because today, finally, SOL will unlock. The sellers will sell, or at least those who haven’t already; and the buyers will buy.
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SBF
@SBF_FTX
30) Solana has spent the last year building the most ambitious and powerful blockchain in the world. Most of the community has spent the last year shitting on its token unlock schedule. Who are you gonna pick?
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John Nahas 🔺
@SJohn_Nahas
Replying to
@SBF_FTX
and
@SBF_Alameda
Dude, I respect you immensely. You legit crush it and props to you. But, how do you say this with a straight face. It litterally broke for 6 hours, it stopped working. I can build the most ambitious rocket ship but if it stop flying for six hours it’s game over.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
and
@SJohn_Nahas
It's in the nature of doing something ambitious and new that you have to learn. And it's a testament to BTC and ETH's value that they endured, and came out stronger for their trials, and taught us something along the way.
John Nahas 🔺
@SJohn_Nahas
Replying to
@SBF_FTX
and
@SBF_Alameda
I respect and concur on most. Breaking early, without really being tested is worrisome though. Touché on setting ambitious goals, and for learning as you grow, but shouldn’t happen again. BTC and ETH benefited from being early, being pioneering, many options now. Fool us once...