Conversation

SBF

@SBF_FTX

·

Oct 29

1) My *final* thoughts/post on this:

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SBF

@SBF_FTX

·

Oct 29

2) NOT ADVICE

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SBF

@SBF_FTX

·

Oct 29

3) At the end of the day I think I basically agree with

@ErikVoorhees

and the industry on what's important and the right policy: a) economic freedom b) getting rid of discriminatory, classist standards for investment c) freedom for DeFi (putting aside effective strategy)

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SBF

@SBF_FTX

·

Oct 29

4) I don't always agree on the best strategy! But I might be wrong. And more important, it's not my decision to make--it's the community's. So: *I won't push against the community's strategy* even where I think it might not be the most effective way to accomplish the goal.

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SBF

@SBF_FTX

·

Oct 29

5) So I encourage everyone-- including

@ErikVoorhees

--to make their voices heard and fight for what's right: Fight for freedom, and to make the economy work, and for the exponentially interoperable power of DeFi.

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SBF

@SBF_FTX

6) I hope, for all our sakes, that the crypto twitter community has carefully considered all of the details of possible bills and policy proposals, and that the crypto twitter community correctly understands the details of policymaking and negotiation and alliances in DC.

4:59 PM · Oct 29, 2022·Twitter Web App

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SBF

@SBF_FTX

·

Oct 29

Replying to

@SBF_FTX

7) There are a huge number of possibly paths here--some fairly subtle--and I worry that some people haven't fully thought out, empirically, what the result would be of possible decisions we could make. But hopefully I'm wrong about that. Crypto Twitter, take the wheel.

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SBF

@SBF_FTX

·

Oct 30

8) One last thing: I *am* seriously concerned that some relatively strident/adversarial strategies would end up backfiring and undermining DeFi. I'm fine with CT leading the way--so for all our sakes I hope I'm wrong! But I won't *actively* support things I think backfire.

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SBF

@SBF_FTX

·

Oct 29

Replying to

@0x_Messi

I'm not going to actively advocate for strategies that I think will be self defeating. But I also won't actively advocate against the industry's chosen strategies.

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cad6456

@CAD6119

·

Oct 29

Replying to

@SBF_FTX

LOLOLOLOLOL crypto twitter hasn’t considered anything. They should be begging for your help but instead they scorn you

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Kalis

@TraderKalis

·

Oct 29

Replying to

@SBF_FTX

Seriously what kind of dirt do they have on you

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ATR

@ActThinkRepeat

·

Oct 29

Replying to

@SBF_FTX

The idealist is not meant to supplant the pragmatist, but to inform the pragmatist vis a vis the community’s North Star. All the other bluster is just noise. Don’t become a defeatist, become a champion.

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SBF

@SBF_FTX

·

Oct 29

Replying to

@ActThinkRepeat

sometimes the way to champion something is to take a back seat and let others drive, whether or not they're good drivers it's the right thing to do

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Dr. 𝘼𝙧𝙘𝙖𝙣𝙚 𝘽𝙚𝙖𝙧

@arcanebear

·

Oct 29

Replying to

@SBF_FTX

Do you believe that people like Clinton and Blaire are not inherently corrupt?

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Zaknafion

@zaknafion

·

Oct 30

Replying to

@SBF_FTX

A big concern I have was Sam's strategy of coming to the table with negotiations on offer. That might work with a peer, but should not be the strategy for politically charged regulations where the overarching goal of your counterparty is control. No need to concede off the bat.

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SBF

@SBF_FTX

·

Oct 30

Replying to

@zaknafion

I don't think that's what I was doing--I was coming with the strongest position I felt was plausible, but also in the background thinking about the endgame.

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