Crypto hot takes that aren't as serious as my photo would suggest. Executive Chairman of @gda_capital // CEO of @SD_Markets // General Lover of Life (no @)

Joined January 2021
We’re about to see a lot of pushback on Bitcoin as a contributing factor in the energy crisis But the reality is the exact opposite of what everyone is saying, and you want to be well-positioned when governments change their minds Here's how:
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Dave Shafrir retweeted
I am embarrassed to say that we and the @PershingSqFdn were major supporters of @hrw for many years. Sadly, it became a political organization which lost its objectivity and credibility. I am therefore not at all surprised by the below post.
Danielle Haas’ farewell email to her colleagues @hrw: Dear Human Rights Watch, Because we live in dangerous times and this is a human rights organization dedicated to free speech, open dialogue, and rights for all, I’m sending a final email before leaving HRW. I’m hopeful, but wary, that an organization with a mission to “Expose. Investigate. Change” can do just that when it comes to its own practices regarding its Israel work, with authenticity and without retaliation. When I joined Human Rights Watch over 13 years ago as senior editor, I did so with years of experience in journalism covering the Israeli-Palestinian conflict and time in academia. Human Rights Watch seemed to be a good blend of both; a leading human rights organization dedicated to rigorous research, focused on international law and human suffering, with a mandate to bring about change. I believed in, and stayed for, the broader mission. But as the organization grew and its composition shifted, so too did the focus, tone, and framing of its Israel-Palestine work. Following the Hamas massacres in Israel on October 7, years of institutional creep culminated in organizational responses that shattered professionalism, abandoned principles of accuracy and fairness, and surrendered its duty to stand for the human rights of all. HRW’s initial reactions to the Hamas attacks failed to condemn outright the murder, torture, and kidnapping of Israeli men, women, and children. They included the “context” of “apartheid” and “occupation” before blood was even dry on bedroom walls. These responses were not, as some have since characterized it internally, a messaging misstep in the tumult after the Hamas assault. It was not the failure of a few to follow robust internal mechanisms of editing and quality control, as others have claimed. It did not happen in a vacuum. Rather, HRW’s initial response was the fruition of years of politicization of its Israel-Palestine work that has frequently violated basic editorial standards related to rigor, balance, and collegiality when it comes to Israel. It was the expression of years of select historical and political framing that could always contextualize and “explain” why Jewish Israeli lives were lost in Palestinian violence. And it was the domination of HRW’s Israel-Palestine work by some voices that drown out others to the point where those who feel uncomfortable with HRW’s approach and processes – and they do exist – feel silenced. To be clear: focus on, and criticism of, Israeli policies and actions is valid for a human rights organization. But what I know from over 13 years at HRW is: * Israel has featured in the World Report annual global review of human rights I oversaw for more than a decade almost as extensively as world powers including China, Russia, and the United States, and that the Israel-Palestine chapter has always been longer than those of rights-abusing goliaths such as Iran and North Korea. * The 2021 “Apartheid” report, hailed internally in its goal to affect “narrative change,” sealed the slide. HRW knew its careful, legal argument would rarely be read in full. And there is little doubt it has not been by those – including Hamas supporters – who now bandy about the term with appalling ease. It’s a one-word gift to those who want to characterize Israel in as few words as possible with as little nuance as possible, a go-to “context” for any fate that befalls Israel and Jewish Israelis; 120 HRW researchers recently signed a petition calling for its inclusion in a press release about Israeli hostages. * Internal fora nominally dedicated to both Israel and Palestine were, in practice, mostly dedicated to expressions of outrage over Israeli abuses and their consequences, both real and speculated. The focus on Israel dominated those spaces both before and after October 7, including the links shared; the space given to colleagues to articulate their lived realities and trauma; and ultimately advocacy. * Some types of Israeli-Palestine expertise were valued more than others. There was no value placed on having a Jewish Israeli staff member who spoke Hebrew, had covered the Israeli-Palestinian conflict for international media, a rich academic background, and 17 years’ immersion in the country. The profile of those entrusted with HRW’s-related work is different. The only contact I had with Israel-Palestine content over the years, despite working on virtually every other area of the world, was as World Report editor. I received thinly veiled insinuations and pushback when I highlighted factual inaccuracies in the Israel-Palestine chapter that were later corrected. * HRW has so little credibility for most Israelis they do not even trust it with their corpses. Zaka, the emergency responder group that collected body parts after the Hamas massacres, said it did not want to talk to HRW because its members did not have faith the organization would not misuse and distort their eyewitness accounts of the carnage they had seen. * When I named the constellation of my experiences over years to a senior manager as feeling a lot like antisemitism, he replied: “You are probably right.” He did not ask or do anything further. Three weeks after the October 7 massacres, Human Rights Watch told staff it was “proud” of its response to the crisis. The self-affirmation failed to address output that included, but is not limited to: HRW’s first matter-of-fact announcement following the October 7 massacres that barely addressed what had happened, contrasting starkly with its thousands of statements over the years condemning a range of human rights abuses: “Palestinian armed groups carried out a deadly assault on October 7, 2023, that killed several hundred Israeli civilians and led to Israeli counterstrikes that killed hundreds of Palestinians,” Human Rights Watch said in releasing a questions and answers document about the international humanitarian law standards governing the current hostilities.” An early press release that could easily be construed as blaming the victim: “The unlawful attacks and systematic repression that have mired the region for decades will continue, so long as human rights and accountability are disregarded.” A piece on Israeli attacks on Gaza being devastating for Palestinians with disabilities that failed to mention the devastating impact of Hamas’ attacks on Israelis with disabilities. They included those murdered on October 7, among them a 17-year-old girl with muscular dystrophy and cerebral palsy killed at a music festival; those who are now disabled because of the attacks; and Israeli hostages with pre-existing health conditions ranging from heart problems to diabetes. Lack of context when using controversial figures that came from a Hamas-run ministry: “[Washington Post] Reporter Adam Taylor quoted Israel and Palestine director at Human Rights Watch Omar Shakir, who said, “Everyone uses the figures from the Gaza Health Ministry because those are generally proven to be reliable. In the times in which we have done our own verification of numbers for particular strikes, I’m not aware of any time which there’s been some major discrepancy.” It is not logical, not possible, and not the case that everyone at HRW agrees with its pre- and post-October 7 Israel work or feels safe. Instead, it is a deeply worrying indication that staff are self-censoring because they fear isolation if they speak and that nothing will be done even if they do. It is a warning that they are cowed by the way in which critics of Human Rights Watch are talked about internally, and by the tone and content of banter before and during meetings, in listservs, and in message chats. Maybe they’re also not reassured by responses like the one senior management sent me regarding a recent email I sent them, in which they said they “appreciate” my “feedback” and “learn” from it. I hope so, but I doubt it. The serious professional concerns I raised over the years with the Program Office, General Counsel, and MENA managers never went anywhere. They were always received – it appeared – through a filter of me being a Jew and/or Israeli, even though Muslim and Arab staff and those with overt political backgrounds are trusted as advocates and to oversee research. Also, my comments are not “feedback.” Rather, they amount to a charge and a challenge to Human Rights Watch: tackle the long-standing issues infecting your Israel work and the hostile internal climate that Hamas’ attacks brought into sharp relief but did not birth. Face down the conscious and unconscious biases that inform them. Address inaccuracies by omission. Do so not because you are under pressure to be seen to be listening, but because you respect the professionalism and expertise of your many thoughtful, serious colleagues from diverse backgrounds who cannot do their work without fear of stigma and retaliation if they speak. Do so because you care about the health of the organization, upholding your internal standards, and ensuring human rights advocacy is not a fig leaf for political beliefs, or worse. Do so because you want not just to claim your mantle of moral authority, but to earn it. Dani
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Rates go up, banks go down Rates go down, inflation stays up, voters get destroyed The defining debate of the next few years
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You can see the "story arc" play out in these bank stocks as they pump because of the risks they've taken... And then collapse when those risks cause losses.
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This banking crisis summed up: Treasury rates > Mortgage rates = bad news
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A lot of people who got discouraged by crypto last year are suddenly going to be checking their wallets to see if they get the Arbitrum airdrop. Will they make any trades while they're firing up their wallets?
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Balaji and the crypto community rn
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The flip side of this is that a lot of airdrop farmers messed around with Arbitrum last year but won't stick around. Take the free $$ and run.
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Another portion of capital flowed into the ecosystem in anticipation of the upcoming airdrop. (see the last spike) Plus, look at GMX dominance. When do those people sell?
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My guess is DAOs will hold airdrop, but traders in a PVP environment will be flighty.
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Dave Shafrir retweeted
Someone needs to tell Saylor to chill on the Midjourney prompts
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Are BTC and ETH "too big to fail" in crypto? Would the industry survive if they were defunct? Would the industry try and save them if major structural issues were revealed that made them infeasible?
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Maybe Balaji has BTC calls for a much lower strike price...?
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Dave Shafrir retweeted
Sending thoughts and prayers to all the scammers who can't run their (fake) Arbitrum airdrop scans anymore
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Dave Shafrir retweeted
Going hyper-risk-on and being deep in altcoins only makes sense if you think the Fed is going to lower rates... otherwise BTC/ETH is the best risk/return ratio
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Someone needs to tell Saylor to chill on the Midjourney prompts
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Going hyper-risk-on and being deep in altcoins only makes sense if you think the Fed is going to lower rates... otherwise BTC/ETH is the best risk/return ratio
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Sending thoughts and prayers to all the scammers who can't run their (fake) Arbitrum airdrop scans anymore
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They cracked down on BUSD (higher % backed by US treasuries), yet it was USDC that stumbled.
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Right now, Bond villains everywhere are checking up on the unmarked bearer bonds they have deposited in their Swiss bank accounts.
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