[pdog]

Not sure how to interpret these tweets:

> A person I have known for more than ten years, who I consider trustworthy, is convinced the cryptocurrency economy will shortly experience a systemic risk. I don’t know anything concrete, but if I were exposed, I would be concerned.

https://twitter.com/paulg/status/1594446009010212865

> I didn't write that. He did. Since I don't know any details, I didn't feel I should edit it. And because I don't know any details, it's no use asking me what he means. If you've read the preceding tweet, you know as much as I do.

https://twitter.com/paulg/status/1594447689961377795

[zeven7]

What's the point of even tweeting that? If someone is exposed and following PG, are they just supposed to panic sell now?

[dzamo_norton]

Presumably he hoped to warn his network that they should lower their risk profiles and get into a defensive position. Without specifics no one knows if that means withdraw from exchanges or trade into fiat but people do have some general idea of where safety is and isn't.

[bookaway]

As I mentioned in my previous post [0] (now flagged), pg seems to be going out of his way to contribute to the ongoing negative signal of the crypto crash, despite him, YC, and his some in his network having a vested interest in a entity that may continue to be significatly affected (coinbase).

I mean,the out-of-context mainstream media headline writes itself:

“Early Coinbase investor says Crypto ecosystem facing systemic risk.”

As someone who would want to do right by the founders that he invested in, I can’t imagine he didn’t run this tweet by Brian Armstrong, the CEO of Coinbase.

[0] https://news.ycombinator.com/item?id=33693012

[mikequinlan]

All we know is that some anonymous person told Paul Graham "the cryptocurrency economy will shortly experience a systemic risk" and Paul decided to echo that statement without any explanation.

[roflyear]

PG not that smart need to me.