Pinned idk who needs to hear this but stop trying to get into film just buy a fujifilm camera it's cute to tote around a vintage nikon. it's not cute to spend 2or2 or 2or3 a shot when you're just getting into photography get a fujifilm. it doesn't matter which one, if you like it you
An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama. Here's everything you need to know. The $UST Depeg Thread: 👇
I just read FTX's Chapter 11 First Day Affidavit. In it, the appointed restructuring CEO John Jay Ray III, who oversaw Enron's bankruptcy proceedings, calls FTX's case the worst of his career. Its contents are shocking. Here are the highlights: 👇
Celsius is one of the largest centralized gateways to crypto. It raised 864mofventurecapitalandatonepointcustodiedover864m of venture capital and at one point custodied over 864mofventurecapitalandatonepointcustodiedover3 billion of funds for 1m+ customers. As of today, it appears insolvent, and it's taking the whole crypto market with it. The Celsius Thread: 👇
My only regret in life is not having kids earlier. When I was 27 I was going out 4 nights a week, working 12+ hr days 6 days a week, waking up at 5am daily for CrossFit. Kids would've been a breeze. Don't wait for more resources to have kids. Energy is scarcer than money.
FTX was the world's 3rd largest crypto exchange. Today it's said to be insolvent and in the midst of an acquisition by Binance. Here's everything you need to know about Alameda Research and the collapse of FTX: 👇
In 2017, I interviewed with Elizabeth Holmes to be Head of Finance at Theranos. I'm convinced I learned more in those 45 minutes than I did in 10 years of school and work. Today, she reports to federal prison to serve out an 11 year sentence for fraud. Time for a story 🧵:
It seems unintuitive that a small 25 basis point interest rate hike in Japan would spike all risk assets, including tonight's -20% $ETH candle. But you need to understand the way the carry trade works: It's a leveraged unwinding.
No bullshit I think I just interviewed a North Korean hacker. Terrifying, hilarious, and a reminder to be paranoid and triple-check your OpSec practices. Here's how it went: 🇰🇵
In 2017, I interviewed with Elizabeth Holmes to be Head of Finance at Theranos. I'm convinced I learned more in those 45 minutes than I did in 10 years of school and work. So when I heard Elizabeth was on trial I couldn't help but recall that moment. Time for a story 🧵 :
Elizabeth Holmes sentenced to 11 years for fraud. Note that she never: - cashed out stock - built accounting backdoors - took personal loans - spent investor and customer money on penthouses and parties SBF will burn.
The best Putin memes so far:
The 20th largest bank in the US was just closed by California state regulators. Silicon Valley Bank was rumored to be in a sale process to protect its depositors. Now, it's the second biggest banking failure in US history. All because of a secular bet against rising rates:
