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pinecone
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pinecone
@pineponzi
Gambler ≠ Trader I don't offer FA, just opinions
TradingView 参加日 Ocak 2024
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big day for private markets
OpenAI fundraise announcement
SpaceX IPO news
Anthropic called out by Trump
one place to trade it all @ventuals

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in tradfi, losing other people money gets you a bailout, in crypto, making other people money gets you 25 years
FTX estate portfolio: ~$136 billion at current marks. Anthropic stake alone: ~$30b. creditors getting 120%+ with $8 billion left over
the assets sam selected, Anthropic, Solana, Sui, SpaceX, were some of the best venture bets of the decade
strip the crypto framing and describe what happened in tradfi terms: a financial institution took customer deposits, deployed capital into venture investments and liquid assets, hit a liquidity crunch when withdrawals spiked during a bank run, could not meet short-term redemptions despite being solvent mark-to-market, thatis a bad quarter at Bear Stearns
SVB bought long-dated treasuries with depositor funds, the safest asset in the world, just with duration mismatch. the fed backstopped it in a weekend. zero charges
sam bought Anthropic and Solana, worse risk profile, 10,000x better returns, the money was there to pay everyone back
numbers are the numbers
SBF@SBF_FTX
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