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1)
On Being Lukcy
On Being Lukcy
2) I& #39;ve spent most of my life being lucky. Not always -- right now we& #39;re running low on my favorite flavor of La Croix.
But in most ways that people think of as "meaningful" and "important" and "not just whining", I& #39;ve been really lucky.
But in most ways that people think of as "meaningful" and "important" and "not just whining", I& #39;ve been really lucky.
3) It started early with my parents--both objectively, and in terms of product market fit. I had support, and also the freedom to explore my thoughts.
I found a house that I felt at home with in college, and a job I liked after.
I found a house that I felt at home with in college, and a job I liked after.
4) And along the way, people supported me. When I took the wrong class senior year (oops) a professor intervened to make sure I& #39;d graduate; and when I was growing at Jane Street, I had the best manager I& #39;ve ever seen.
5) And though I did try at Jane Street, I spent most of my life learning to be ok-but-not-very-good at League of Legends.
Which isn& #39;t really the best use of the opportunities.
Which isn& #39;t really the best use of the opportunities.
6) Things changed when I got to crypto. For the first time I was running my own project; and the whole point of crypto is that you have the freedom and the responsibility to build what you think the world needs.
For the first time I threw everything at what I was working on.
For the first time I threw everything at what I was working on.
7) There were some really shitty times. A management dispute I didn& #39;t know how to resolve boiled over and a bunch of employees left in early 2018. It fucking sucked.
I was lost, so I did the only think I saw: I just kept going. Sometimes the only way out is through.
I was lost, so I did the only think I saw: I just kept going. Sometimes the only way out is through.
8) And eventually I was able to reflect on it, and come to peace with what lessons I had to learn and what was just bad luck.
But mostly, I& #39;ve kept getting lucky.
But mostly, I& #39;ve kept getting lucky.
9) The outpouring of support we& #39;ve gotten from team members working until 3am, VCs backing us all the way, partners building with us, and counterparties working with us has been overwhelming.
https://twitter.com/SBF_Alameda/status/1291232888105472001
And">https://twitter.com/SBF_Alame... sometimes, that tailwind combined with a big opportunity.
https://twitter.com/SBF_Alameda/status/1291232888105472001
And">https://twitter.com/SBF_Alame... sometimes, that tailwind combined with a big opportunity.
10) I& #39;m not sure it& #39;s really fair that we found ourselves in that situation.
But all the EV is in the tails--in doing better than just good.
And so when you find yourself with a huge opportunity, you run with it as fast as you can, straight towards the most ambitious goals.
But all the EV is in the tails--in doing better than just good.
And so when you find yourself with a huge opportunity, you run with it as fast as you can, straight towards the most ambitious goals.
11) FTX was one of those opportunities; Serum is another.
At the beginning we weren& #39;t so sold on it; our ideas were mediocre ("what if we put screenshots.... on the blockchain!")
But over time we became convinced we could build something huge.
At the beginning we weren& #39;t so sold on it; our ideas were mediocre ("what if we put screenshots.... on the blockchain!")
But over time we became convinced we could build something huge.
12) There& #39;s a whole world that could live on-chain, and right now DeFi is mostly re-wrapping stablecoin wrappers for yield.
And so we started from scratch: what& #39;s the best thing we could build?
And so we started from scratch: what& #39;s the best thing we could build?
13) As we started build out Serum, once again we received a humbling amount of support from the community--from our partners and backers and supporters.
And when people throw that much behind you, half-assing it isn& #39;t an option. So we doubled down.
And when people throw that much behind you, half-assing it isn& #39;t an option. So we doubled down.
14) And one part of shooting for the moon is that you have to keep thinking about what has the upside. That means not settling for a kinda-fast chain, or kinda-cool product, or average token.
15) The project started to take shape. It may not look like much, but this is the world& #39;s least sexy matching engine.
https://explorer.solana.com/address/9o1FisE366msTQcEvXapyMorTLmvezrxSD8DnM5e5XKw?cluster=testnet
It& #39;s">https://explorer.solana.com/address/9... also one of the fastest on-chain ones.
https://explorer.solana.com/address/9o1FisE366msTQcEvXapyMorTLmvezrxSD8DnM5e5XKw?cluster=testnet
It& #39;s">https://explorer.solana.com/address/9... also one of the fastest on-chain ones.
16) As I write this, SRM is at $2.10. By the time I post it, maybe it& #39;ll be at $3, or $1; who knows! Crypto is wild.
But more importantly, after months of sleepless nights spend at the office, Serum is imminent. https://twitter.com/SBF_Alameda/status/1287119237308268544">https://twitter.com/SBF_Alame...
But more importantly, after months of sleepless nights spend at the office, Serum is imminent. https://twitter.com/SBF_Alameda/status/1287119237308268544">https://twitter.com/SBF_Alame...
17) The ecosystem is growing!
See here for people building on Serum:
https://projectserum.com/integrations
And">https://projectserum.com/integrati... here for people gearing up to run a node:
https://projectserum.com/node-list ">https://projectserum.com/node-list...
See here for people building on Serum:
https://projectserum.com/integrations
And">https://projectserum.com/integrati... here for people gearing up to run a node:
https://projectserum.com/node-list ">https://projectserum.com/node-list...
18) I& #39;m extremely grateful for all the support we& #39;ve gotten. We couldn& #39;t have gotten here without it, and it went way above and beyond.
We& #39;ve been really fortunate, and we intend to make the most of it.
We& #39;ve been really fortunate, and we intend to make the most of it.
19) And, finally, a fucking awesome txid, hot off the blockchain:
https://explorer.solana.com/tx/4UmA4PBgGSUTW6pkgPHtiSbkGHSPYVg1Dn1YX4BvdgoMnrrX6STKL3gE6CG9aBAa4E4F3z7u3pVC22H6YQGM34Qv?cluster=testnet
This">https://explorer.solana.com/tx/4UmA4P... is the first trade ever done on Project Serum.
https://explorer.solana.com/tx/4UmA4PBgGSUTW6pkgPHtiSbkGHSPYVg1Dn1YX4BvdgoMnrrX6STKL3gE6CG9aBAa4E4F3z7u3pVC22H6YQGM34Qv?cluster=testnet
This">https://explorer.solana.com/tx/4UmA4P... is the first trade ever done on Project Serum.
20) Features will be rolling out over the next few weeks, including a functional, usable product.
We& #39;re really excited about all the interest we& #39;ve gotten in using Serum.
And if you& #39;re looking to build, see the beginnings of the Serum source code here: https://projectserum.com/developer-resources">https://projectserum.com/developer...
We& #39;re really excited about all the interest we& #39;ve gotten in using Serum.
And if you& #39;re looking to build, see the beginnings of the Serum source code here: https://projectserum.com/developer-resources">https://projectserum.com/developer...
