Skip to content
By using Twitter’s services you agree to our Cookies Use. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads.

This is the legacy version of twitter.com. We will be shutting it down on June 1, 2020. Please switch to a supported browser, or disable the extension which masks your browser. You can see a list of supported browsers in our Help Center.

  • Home Home Home, current page.
  • About

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

Tweets

Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

Tweets

  • © 2020 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Imprint
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Patrick McKenzie‏ @patio11 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation

      Tether, the cryptocurrency which is theoretically backed 1:1 by USD held in a bank account and available on demand, is currently in the early stages of a bank run.

      19 replies 112 retweets 350 likes
      Show this thread
    2. Ceasar Bautista‏ @Ceasar_Bautista 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @patio11

      This means buy Bitcoin?

      1 reply 0 retweets 2 likes
    3. Patrick McKenzie‏ @patio11 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @Ceasar_Bautista

      I think many people will buy Bitcoin as a result of this (because it will be perceived as a way to exfiltrate value denominated in tether), but I continue to not think either is valuable.

      2 replies 5 retweets 27 likes
    4. sp@m‏ @misterohno 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @patio11 @Ceasar_Bautista

      Your best guess is that bitcoin will move to 0 or you are actively shorting it?

      1 reply 0 retweets 1 like
    5. Noah Gibbs‏ @codefolio 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @misterohno @patio11 @Ceasar_Bautista

      Unlikely he's actively shorting it. Short-selling makes a fair number of assumptions that can be hard to prove with cryptocurrency, and Patrick seems like he doesn't want a piece of the cryptocurrency market in general. He seems more "doesn't want to get any on him."

      2 replies 0 retweets 8 likes
    6. Patrick McKenzie‏ @patio11 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @codefolio @Ceasar_Bautista

      I have no position in cryptocurrency or any derivative of it. If there were options available on Bitcoin, ~10% of my net worth would be in on the bet “Bitcoin achieves its true value of zero before X.” I keep being wrong about timing but only have to be right once ;) )

      7 replies 4 retweets 24 likes
    7. Patrick McKenzie‏ @patio11 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @patio11 @codefolio @Ceasar_Bautista

      (The only sensible way to short Bitcoin at the moment is futures and the structure of those products does not make me confident that I have a happy result for my family contingent on me being absolutely right.)

      2 replies 0 retweets 5 likes
    8. Harry Heymann‏ @harryh 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @patio11 @codefolio @Ceasar_Bautista

      Harness your inner Michael Burry! Go make your own financial product from scratch.

      3 replies 0 retweets 2 likes
      Patrick McKenzie‏ @patio11 14 Oct 2018
      • Report Tweet
      • Report NetzDG Violation
      Replying to @harryh @codefolio @Ceasar_Bautista

      If I had about, oh, $100 million or so I’d have had a lot of discussions with Goldman and DRW by now.

      1:39 PM - 14 Oct 2018
      • 2 Likes
      • CasPiancey Ovid 19 BC 🐮
      2 replies 0 retweets 2 likes
        1. New conversation
        2. Harry Heymann‏ @harryh 14 Oct 2018
          • Report Tweet
          • Report NetzDG Violation
          Replying to @patio11 @codefolio @Ceasar_Bautista

          I bet you could put together a consortium with that kind of money.

          1 reply 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 14 Oct 2018
          • Report Tweet
          • Report NetzDG Violation
          Replying to @harryh @codefolio @Ceasar_Bautista

          Part of me thinks non-trivial chance of that being accurate but a larger part thinks that there are a lot more productive uses of a year to three of my life.

          1 reply 0 retweets 4 likes
        4. 2 more replies
        1. New conversation
        2. CasPiancey‏ @CasPiancey 14 Oct 2018
          • Report Tweet
          • Report NetzDG Violation
          Replying to @patio11 @harryh and

          ha, DRW is in neck deep. Wonder if they can still trade cryptocurrency markets when they're not allowed to trade traditional markets anymore because of that spoofing they did all those years back. Thoughts @BennettTomlin?

          1 reply 0 retweets 1 like
        3. Bennett Tomlin‏ @BennettTomlin 14 Oct 2018
          • Report Tweet
          • Report NetzDG Violation
          Replying to @CasPiancey @patio11 and

          I think regardless of if they can they do. @ExkrementKoin May have more thoughts. I also have had people offer me the opportunity to short Tether but I never trusted the contract would be fulfilled (and I have no money)

          1 reply 0 retweets 1 like
        4. 4 more replies

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2020 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Imprint
        • Cookies
        • Ads info