SBF on Twitter: "@PARABOLIT @ichibot ok so to be more explicit here I fucking looked up the answer and I'm right" / Twitter

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SBF

@SBF_FTX

Mar 17, 2021

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@ichibot

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@PARABOLIT

this is very different from your original post, which pointed to 1% ref I can look into this, but you need to stop posting these on Twitter, especially enraged and misleading and wrong the first time.

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ok so I've looked into it. 1) FTX is behaving exactly as described by the docs: help.ftx.com/hc/en-us/artic 2) The docs do something unintuitive with FTT: because fees are bounded by 3bps, FTT cuts into ref rebates 3) we might change that to be more favorable to referrers.

help.ftx.com

Referrals

Notes: FTX pays referral fees. These fees are discretionary and up to the judgment of FTX. The general guidelines are here. FTX maintains the right to modify them with or without notice at any ti...

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?

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how could he possibly know that?

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By having a friend trade on his ref and asking what volume he did and whether he owned any ftt?

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Quote Tweet

Replying to @SBF_FTX @PARABOLIT and @ichibot

@ichibot, remember that even if they give API access to SUBaccount, you can't see their other subs, and FTT gives fee discounts across all subs

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twitter.com/laxfinance/sta

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ok so to be more explicit here I fucking looked up the answer and I'm right

10:46 PM · Mar 17, 2021Twitter Web App

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Thats definitely the wrong answer.

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Dont Trust, Verify?

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just bizarre..

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The answer to what exactly? The above claim that someone knew their ref taker volume that had no ftt and comms were wrong or..? Or that every ref you've paid out has been 100% correct to everyone?

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having worked with Isai Scheinberg (a self made billionaire) before, this is the exact obsessive attention to detail in their business that spawns 10 digit nw people (and probably also a bunch of total mentally rekt failures but hey we mostly only glorify the winners here)

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