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macrocephalopod's profile
macrocephalopod
macrocephalopod
macrocephalopod
@macrocephalopod

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macrocephalopod

@macrocephalopod

Paul Allen, Vice President M&A, Pierce & Pierce (Sie/Hir) | Vegan | Silence is Violence | Women’s Rights Are Human Rights | ACAB (Assigned Cephalopod At Birth)

Joined December 2020

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    1. Speculator‏ @TheSpeculator0 Jan 31

      why do all these crypto trading companies and exchanges constantly need to raise money? aren't they printing cashflow?

      18 replies 5 retweets 92 likes
    2. David Fauchier‏ @dfauchier Feb 1
      Replying to @TheSpeculator0

      Entirely for regulatory clout. FTX and Binance buying friends all over. Also valuations are excellent, it’s not the dumbest use of equity if you still own 80%+ (?) of the biz

      1 reply 0 retweets 4 likes
    3. Erik‏ @AsiaEconInfo Feb 3
      Replying to @dfauchier @TheSpeculator0

      Wouldn't that draw more onerous regulatory scrutiny, as purported 'large players' with shady business practices.

      1 reply 0 retweets 0 likes
    4. David Fauchier‏ @dfauchier Feb 3
      Replying to @AsiaEconInfo @TheSpeculator0

      The attention is already there. Also I don’t accept the prima facie on ‘shady practices’. The reg is unreasonable (which is why tradfi exchanges are such great monopoly bizs), regulators are mostly glorified grads, and tradfi exchanges do things you’d consider damn shady anyway

      1 reply 0 retweets 0 likes
    5. Erik‏ @AsiaEconInfo Feb 3
      Replying to @dfauchier @TheSpeculator0

      I respect your viewpoint, and agree with the point on regulators. But one of FTX's main traders wrote a tweet effectively explaining how he was shorting client trading orders. As market power gets larger, and order flows more concentrated, this is a problem.

      1 reply 0 retweets 0 likes
    6. David Fauchier‏ @dfauchier Feb 3
      Replying to @AsiaEconInfo @TheSpeculator0

      Would love a link to that, haven’t read it.

      0 replies 0 retweets 0 likes
    7. This Tweet is unavailable.
      macrocephalopod‏ @macrocephalopod Feb 3
      Replying to @AsiaEconInfo @dfauchier @TheSpeculator0

      Can you help me read between the lines? All I'm seeing here is "we had short positions on where we thought things were trading rich, when they switched to trading at a big discount we closed our short and got long".

      5:12 AM - 3 Feb 2022
      0 replies 0 retweets 0 likes
        1. This Tweet is unavailable.
        2. David Fauchier‏ @dfauchier Feb 3
          Replying to @AsiaEconInfo @macrocephalopod @TheSpeculator0

          I’ve read that, it’s pretty different to what you’re alleging. I would also say it’s difficult to form an informed opinion on crypto market structure and how it is versus should be, unless you are a professional in the area. Plenty of grey and nuance to it

          0 replies 0 retweets 1 like
        3. End of conversation

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