Conversation

42) people asking whether this model makes economic sense or is the best model. Not really supposed to be the purview, and not usually required for businesses to prove their model is best to be allowed to operate. That’s what economic competition and consumer choice are for!

SBF

@SBF_FTX

May 25

43) reeeeeaally good points by Dave/Jump here; innovation is really hard in the current system!

SBF

@SBF_FTX

May 25

44) helpful point by DRW—models are not about better/worse, they’re about consumer choice and economic competition

SBF

@SBF_FTX

May 25

45) note about capital usage—real time margin reduces the effective risk period, which reduces capital demands

SBF

@SBF_FTX

May 25

46) good points from Virtu too

SBF

@SBF_FTX

May 25

47) re: retail: what if the DCO/DCM has all the standard protections, and CFTC oversight?

SBF

@SBF_FTX

May 25

48) reminder: automated margin calls can _reduce_ risk by doing so only when necessary

SBF

@SBF_FTX

49) ok two final thoughts: a) I guess if what we’re doing brings all these people here all day to argue and debate and learn then we’re doing _something_ right b) no chance we’d be here today without the amazing work of Zach, Brian, Julie, and the whole FUSD team <3

8:11 PM · May 25, 2022Twitter for iPhone

Replying to

50) I know I’ve said this before, but: the CFTC isn’t the world’s fastest acting regulator and our process has been loooong and drawn out, but boy do they know their shit, care about details, and display an approach that today’s partisan climate could learn something from