Jeff Dorman ✓
@jdorman81 · Los Angeles, CA · joined 24 Dec 2010
CIO @arca - digital assets investing | Former COO of Harvest Exchange | Former Lehman, Merrill, Citadel | Huge Cleveland Sports Fan | CFA charterholder
48 276Followers
1 649Following
11 338Posts total
1.3MViews on collected posts
Derniers posts
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There's a quiet irony watching Senators slowly walk to a podium to place an in person vote while some secretary calls out their name to verify the vote... while that vote decides the fate of a new technology (blockchain) dedicated to improving record keeping and asset transfer
5.5K views · 106 likes
· 10 reposts · 4 replies
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That’s because lockups are dumb and pointless, and always have been. Obscuring reality, and then obscuring it out further, doesn’t help anyone.
2.7K views · 9 likes
· 0 reposts · 0 replies
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Can’t think of a single instance when extending the lockup schedule worked well for a crypto team
We need more investor activism in this space
13.8K views · 73 likes
· 2 reposts · 30 replies
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@jdorman81 Said the same thing: https://t.co/Q3mSSh63wG
224 views · 1 likes
· 0 reposts · 0 replies
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@jdorman81 Don't get caught up in the numbers and focus on the political realities. The chance of a hike is as likely as Scump's cabinet resigning en masse.
0% chance of a hike pre election. He even has JD Nonce calling for a rate reduction.
334 views · 1 likes
· 0 reposts · 1 replies
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@jdorman81 Higher variance but same coin toss
Sounds like my trading strategy
800 views · 3 likes
· 0 reposts · 0 replies
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Every FOMC decision is a 50/50 toss up now that the Fed doesn't explicitly tell you what they're going to do, but 60% odds of a hike seem wrong. Treating Warsh’s lack of guidance as inherently hawkish is a mistake. There is a higher variance around outcomes now, but that
19.9K views · 41 likes
· 2 reposts · 7 replies
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Will Kevin Warsh announce a hike at next week’s FOMC meeting?
My analysis of a nailbiter interest rate call👇
👉 The objectives, constraints, and decision rules of Fed Chair Warsh
👉 The September FOMC voter math
👉 My thesis on the September decision
https://t.co/z5DAIZXVPt https
7.7K views · 13 likes
· 2 reposts · 2 replies
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16) I've been pitching crypto as an investable asset class for ~10 years. The below explanation has the best success rate in terms of helping new investors understand this asset class. If you want more money invested in this industry, please educate them
https://t.co/bL0M4pZO3G
15.9K views · 19 likes
· 2 reposts · 1 replies
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15) Adding on to (3) above, a broader methodology needs to be adopted that uses "adjusted market cap" -- a metric that falls in between Float (circulating supply) and FDV (max supply)
https://t.co/UtMtnx13NO
13K views · 12 likes
· 1 reposts · 3 replies
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We need to fix the broken, archaic & inconsistent market cap formulas in order for crypto to thrive!
Arca proposes "Adjusted Market Cap", which we feel more accurately reflects a token's true valuation.
We hope this becomes the new standard.
A thread 👇
88K views · 276 likes
· 46 reposts · 29 replies
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14) Complete failure by the industry leaders turning crypto into a macro trading vehicle. $600 tn worth of investors buy CF assets, yet the big exchanges targeted the $10 tn who care about currencies & gold
DeFi, DePIN, etc should have been the focus
https://t.co/U8ncPquQir
15.1K views · 17 likes
· 1 reposts · 2 replies
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13) Token buybacks are by far the best use of capital for protocols, full stop.
https://t.co/ceGyeZCfcl
5.9K views · 16 likes
· 0 reposts · 1 replies
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This recent notion that token buybacks are a bad use of capital is misguided.
Token buybacks are by far the best use of capital for protocols, full stop. Recent discussion against buybacks completely misses the biggest difference between tokens & equities, as I'll explain
👇
166.9K views · 233 likes
· 21 reposts · 17 replies
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The majority of investors buy corporate stocks, bonds, & R.E.
A TINY few buy commodities & currencies.
So why is crypto focused on catering to the tiny sliver of CTAs, macro funds & fast money traders?
It’s illogical
More education needed on revenue companies with tokens htt
43.9K views · 25 likes
· 2 reposts · 0 replies
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12) crypto is a wrapper that houses all asset classes (equity like tokens, debt like tokens, currency like, etc).
Saying we invest or don’t invest in “crypto” is akin to saying “we’re ETF investors” - Which makes no sense. What’s inside the ETF matters, not the ETF itself
8.6K views · 19 likes
· 2 reposts · 2 replies
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@jdorman81 Sounds like you need a bit of @ChintaiNetwork @ChintaiNexus $CHEX in your life Jeff - only honest hard work here from serious investment industry professionals, 2 x @MAS_sg licences, and projects $1b+ already on chain with MANY more in the pipeline 👇
https://t.co/13d
991 views · 11 likes
· 1 reposts · 0 replies
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11) We are on the cusp of leaving the "dot-crypto" phase of blockchain
We are about to enter the new phase where regular, 100-year old companies use blockchain
No one is a "dot-com" anymore, because every company is. Same thing will be true for crypto.
https://t.co/xcT5OmZaT1
9K views · 51 likes
· 3 reposts · 2 replies
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Twitter / X is a useless forum for constructive conversations. If you want to debate any of these, either sign up for my weekly show, invite me to yours, or shoot me an email.
https://t.co/ilv4naZkV0
10.4K views · 34 likes
· 2 reposts · 4 replies
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10) Crypto as an investment, & blockchain as a use case, is in a binary state
The "Crypto investing paradox"
The tech works, but w/ the wrong assets. We need assets that people care about (stocks/bonds/RE) on blockchain rails.
https://t.co/hSyZXmVzG0
https://t.co/pcqFBrr6Ct
8.2K views · 49 likes
· 2 reposts · 1 replies
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9) Every company, university, municipality, organization, & sports team will issue REAL tokens one day (not memecoins)
The TRUMP token is a step in the right direction for issuance, even if the token itself was poorly constructed
https://t.co/aY62idsZub
https://t.co/wAyoMKxmZu
23.3K views · 41 likes
· 4 reposts · 3 replies
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8) THERE IS NOTHING ILLEGAL ABOUT BEING A SECURITY!
Please stop worrying about if something is a security or not unless you are a token issuer (expensive to register) or an exchange (help fix the rules so you trade securities)
https://t.co/afg7DN1jgT
https://t.co/4uac9l0NFv
8.8K views · 43 likes
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7a) $MSTR is NOT a systemic risk for BTC. There is almost no scenario where they become a forced seller, unless BTC has already fallen so far that MSTR selling is your least concern.
https://t.co/z1b5qr3ioq
https://t.co/IARM8MXEbD
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· 3 reposts · 2 replies
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7b) As an aside, I think a premium to NAV makes sense for MSTR equity.
In theory, they can become the Berkshire Hathaway of crypto & use BTC to acquire companies for discounts (if BTC becomes truly scarce and valuable).
8.4K views · 34 likes
· 1 reposts · 1 replies
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5) Fat protocol thesis has done major damage to crypto. It’s nonsense, it causes every app to try to become an L1, it drives all VC dollars to L1s, & it makes dead L1s worth $1 bn+
A few L1s will win, but none will be worth more than the sum of the apps.
https://t.co/yEln7hy1fD
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· 5 reposts · 4 replies
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6a) Deprecate the term "Alt coins". There are >10 sectors, & hundreds of different token types (asset-backed, quasi-equity, amortizing buyback tokens, debt-like).
Why hurt our own industry by pandering to the uninformed?
https://t.co/1dKkguhmL1
https://t.co/dq7VB5WsmA
5.7K views · 70 likes
· 5 reposts · 3 replies
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6b) Tokens make crypto more akin to fixed income than equities or commodities.
Bonds have different coupons, maturities, call/convert structures, covenants, security, warrants, & trade via fragmented dealers with low liquidity just like crypto (every token is unique).
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3) FDV & market cap are used incorrectly
mkt cap = Total amount issued (including locked tokens to VCs, & employees)
Float = the amount actually trading (excl locked tokens)
FDV = The total amount that COULD be issued (unissued, sitting in Treasury).
Fix it @coingecko et al
28.4K views · 77 likes
· 2 reposts · 2 replies
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Face aux comptes de taille comparable
9 posts des 90 derniers jours, à côté de la tranche de 10K–100K abonnés. diffusé largement, mais peu de ces spectateurs réagissent.
Vues médianes3 081ce compte924médiane pour 10K–100K
Portée, %6.38%ce compte3.62%médiane pour 10K–100K
Engagement, %0.45%ce compte1.52%médiane pour 10K–100K
| Indicateur | Ce compte | Médiane pour 10K–100K | Rapport |
|---|---|---|---|
| Vues médianes par post | 3 081 | 924 | 3.33× |
| Portée (vues ÷ abonnés) | 6.38% | 3.62% | 1.76× |
| Taux d'engagement | 0.45% | 1.52% | 0.29× |
Autres comptes de cette tranche → Comparer avec un autre compte → Comment ces repères sont établis →
Growth & engagement
How the posts we collected actually performed: views and reaction rate post by post, what the audience did with them, and where the follower count goes.
Views per post
15.1K8 Apr
88K1 Jul
13K19 Jul
42.5K6 Oct
15.9K18 Oct
7.7K8 Sep
3.1K9 Sep
19.9K
800
33410 Sep
224
13.8K15 Sep
2.7K
5.5K
Last 14 collected posts, oldest on the left. The scale is logarithmic: one post can outrun the rest a hundred times over.
Engagement rate per post
0.15%8 Apr
0.41%1 Jul
0.13%19 Jul
0.16%6 Oct
0.15%18 Oct
0.23%8 Sep
0.65%9 Sep
0.26%
0.38%
0.60%10 Sep
0.45%
0.79%15 Sep
0.33%
2.22%
Reactions — likes, reposts, replies and quotes — divided by views. Median for 10K–100K accounts is 1.52%.
What the audience does
Likes63.4%1 488 in total
Reposts5.7%134 in total
Replies5.6%132 in total
Quotes2.9%68 in total
Bookmarks22.4%526 in total
Share of every reaction we collected for this account. Replies mean argument, reposts mean endorsement, bookmarks mean the post was worth keeping.
The follower curve appears once this account has two daily snapshots — we take one a day, and this one is on its first.
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