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 21 Nov 2019
      • Report Tweet
      • Report NetzDG Violation

      Patrick McKenzie Retweeted Des Traynor

      Would anybody have picked Microsoft as the most likely company to add four new Microsofts to the world in e.g. 2012?https://twitter.com/destraynor/status/1197612117794406402 …

      Patrick McKenzie added,

      Des TraynorVerified account @destraynor
      I don’t think enough is made of the fact that Microsoft’s value has increased by $800B since @satyanadella took over. Eight. Hundred. Billion.
      3 replies 8 retweets 156 likes
      Show this thread
    2. Patrick McKenzie‏ @patio11 21 Nov 2019
      • Report Tweet
      • Report NetzDG Violation

      I had to count the number of new Microsofts on my fingers twice because I was sure I was right with the four but uncertain about the year and didn't want to accidentally misstate growth by a Microsoft.

      1 reply 0 retweets 26 likes
      Show this thread
    3. Patrick McKenzie‏ @patio11 21 Nov 2019
      • Report Tweet
      • Report NetzDG Violation

      (I used to own a trivial amount of Microsoft stock and sold at some point to economize on mental bandwidth. This is one of the many reasons I rate my crystal ball for public equities as being unlikely to be better than the market's.)

      4 replies 0 retweets 31 likes
      Show this thread
    4. bitproj‏ @btcproj 21 Nov 2019
      • Report Tweet
      • Report NetzDG Violation
      Replying to @patio11

      Why so much confidence on negative view on bitcoin then?

      1 reply 0 retweets 0 likes
    5. Patrick McKenzie‏ @patio11 21 Nov 2019
      • Report Tweet
      • Report NetzDG Violation
      Replying to @btcproj

      Inputs-wise, because I put in the work. It seems extremely unlikely to me that I have spent more time thinking about how Microsoft's business works than the marginal buyer for $MSFT. Than the marginal Bitcoiner? Probably. Outputs-wise, testable predictions about future.

      1 reply 1 retweet 5 likes
      Patrick McKenzie‏ @patio11 21 Nov 2019
      • Report Tweet
      • Report NetzDG Violation
      Replying to @patio11 @btcproj

      If you had a portfolio of claims that cryptocurrency enthusiasts and I disagree on over the last several years then they've broadly been right about number going up and I've broadly been right on non-adoption, fit for purpose, exchange insolvency, bad actors, etc.

      5:27 PM - 21 Nov 2019
      • 1 Like
      • Marcel Popescu
      2 replies 0 retweets 1 like
        1. New conversation
        2. Patrick McKenzie‏ @patio11 21 Nov 2019
          • Report Tweet
          • Report NetzDG Violation
          Replying to @patio11 @btcproj

          There is still no really good instrument for me to resolve my difference of opinion with cryptocurrency enthusiasts, but if it ever comes, I will be very loud about my position and give people instructions on how to take my money if they think I'm likely to be wrong :)

          1 reply 0 retweets 3 likes
        3. bitproj‏ @btcproj 21 Nov 2019
          • Report Tweet
          • Report NetzDG Violation
          Replying to @patio11

          Sorry what do you mean? There’s tons of ways to short cryptocurrency?

          1 reply 0 retweets 0 likes
        4. 1 more reply
        1. New conversation
        2. bitproj‏ @btcproj 21 Nov 2019
          • Report Tweet
          • Report NetzDG Violation
          Replying to @patio11

          The space is the wild-west but value is still accruing. Worth pondering no?

          1 reply 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 21 Nov 2019
          • Report Tweet
          • Report NetzDG Violation
          Replying to @btcproj

          I have pondered, and written something on the order of a non-fiction book about where that pondering has lead me. The results of that pondering: there's functionally zero value creation by Bitcoin directly; skeptical of cryptocurrencies generally except as forcing function.

          1 reply 0 retweets 0 likes
        4. 2 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