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3) I think that Dan's 'right to exit' is a key piece. Sure, there are centralized apps in crypto--FTX is one! But you have the right to exit: if you don't like FTX, you can withdraw your assets to another exchange, or to your private wallet.

SBF

@SBF_FTX

Jan 12

3) And, in fact, everything in the crypto universe--or at least almost everything--is plugged into decentralized rails which connect all of the (sometimes centralized) pieces. It's not perfect, from a decentralization angle. But it still helps a ton.

SBF

@SBF_FTX

Jan 12

4) And those rails are not just decentralized, they're also open to competition. Don't like using blockchain X to transfer assets? Try blockchain Y! Banks have had the same ~2 ways of sending funds for decades, and can't change that. Crypto exchanges generally have ~20.

SBF

@SBF_FTX

Jan 12

5) And, similarly, if some infrastructure provider sucks--RPC nodes, for instance--people can create a new one. That doesn't, of course, mean that they *will*--and I think Moxie makes some really compelling points that we probably don't do enough of that as an industry.

SBF

@SBF_FTX

Jan 12

6) There is concentration of usage in various places, and some of those places are not really making progress. In general, I really encourage people to find pieces of crypto infrastructure that seem shitty, and build competitors to them. That's how we move forward.

SBF

@SBF_FTX

7) And

@moxie

's other point -- that crypto is too profit-motivated right now -- seems totally correct to me. Hopefully we can take a longer-term view of the ecosystem.

9:43 PM · Jan 12, 2022Twitter Web App

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SBF may literally be the most profit-seeking in practice via venture investments, Alameda, and FTX. Possible to be profit motivated AND long term though?

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99% true But that 1% are projects that will trully change the shape of crypto and get web3 into the adoption phase

@iEx_ec

$RLC is within that 1% -> #DYOR - did mine!

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well,the idea behind the crypto(btc only imo) degenerated by the influencer&exchange corpocracy(include you and your partners).wen lambo?range rover game over!.100x easy.These terms are not related to build a better world but cheap ponzi promoter words.

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You're an exchange operator ffs

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he sam i made a deposit on ftx, i deposit a token wich isnt on ftx but its a bep20 token wich ftx supports and the token i deposit on ftx are still in my ftx bep20 wallet, but support doesnt what to help. when the faq clearly states its possible to return the tokens with a fee.

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but the dude from supports keep saying the tokens are gone when you can see on bsc scan that they are still in the ftx bep20 wallet

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Guys, Who are already into crypto market. Tips for beginner?

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Struct Finance is a well-promising project, as for me.

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That’s not the reason for you to give up $FTT. Or you’d better give FTT more function like BNB. We have so less IEO, and Very few applications. We believe u and buy FTT. Profit is important for us (not rich like u)