Conversation

Apr 15

1) This is what a real-time risk engine looks like: Total lifetime draw < $10m, max daily draw $4.7m. If we asked for 15% margin: Total lifetime _gain_ of $45m, max daily draw $1.6m.

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10) The digital asset ecosystem doesn't gate early access on wealth, instead quickly creating real market prices for assets and broadening distribution and price discovery.

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11) And open network blockchains allow people, groups, and companies to build, combine, and innovate directly onto the network--composing seamlessly with other applications.

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12) The innovation that we've seen in the crypto ecosystem isn't riskless: open innovation combined with easy market access can lead to more scams, and clearinghouses can fail. twitter.com/TheStalwart/st Which is why we need federal oversight.

Quote Tweet

Joe Weisenthal

@TheStalwart

Apr 25

I think SBF explaining yield farming and then Matt’s reaction to it will go down as one of the all time, most iconic moments on Odd Lots. bloomberg.com/news/articles/

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13) We need to have transparency, anti-fraud controls, and checks that customers understand the products they're investing in. ftxpolicy.com/disclosure-and

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14) And we need federal oversight and licensure of crypto exchanges--especially clearinghouses--to make sure that the risk-reducing innovations in risk models aren't canceled out by other negligence. ftxpolicy.com/ftx-clearingho

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15) And while most current sanctions compliance in the digital asset ecosystem is robust, the same mandates that compliant venues face have to be extended globally. ftxpolicy.com/sanctions-comp

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16) Things aren't perfect. Innovation rarely is. So we take one step forward after another, and day by day we get better.

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17) Because at the end of the day, I strongly believe that the digital asset ecosystem presents a better way forward for our markets. A more innovative, more equitable, and more transparent alternative, where open systems replace monopolies.

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