Nice analysis. Thanks!
We believe that it's important to use revenues rather than profits because @bitfinex historically have shown ability to keep company costs really low compared to competition. Only hire senior, no fancy offices and EVERYONE travels in economy. Simple people.https://twitter.com/picoloresearch/status/1137568144132677632 …
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family
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Don't forget the most important thing: only issue unregistered securities.
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Your people traveling in economy speaks volumes about your company. Saving pennies on few employees you have to cut your expenses on your own people's comfort is a bad system of priorities. Want to minimize HR expenses — start from talent acquisition and your operations.
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Nothing like running shell operations to keep costs low. Until you cant pay out because your funds are seized. Fabulous business model I love it.
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Glad to see that companies like
@bitfinex is bringing revenue sharing deals in crypto industry. Much more secure and predictable for investors and can be structured with unlimited upside potential.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Nice to just have shadow offices where one is a construction site, another is an accounting office where they've never heard of you, and the third is two women, who say they occasionally receive paperwork from iFinex. Running scams less expensive than operating a real biz. Cool.
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Revenue doesn't account for any costs. Simple.
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