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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. xrp is a scam‏ @xrpisgarbage 14 Jun 2019
      Replying to @dividebynine

      What about eth ?

      1 reply 0 retweets 0 likes
    2. dividebynine‏ @dividebynine 14 Jun 2019
      Replying to @xrpisgarbage

      Would total supply be reduced if burned? It's still at 660 M.

      1 reply 0 retweets 0 likes
    3. xrp is a scam‏ @xrpisgarbage 14 Jun 2019
      Replying to @dividebynine

      I haven't looked just suggesting. It's on two chains after all

      2 replies 0 retweets 0 likes
    4. xrp is a scam‏ @xrpisgarbage 14 Jun 2019
      Replying to @xrpisgarbage @dividebynine

      @paoloardoino what's going on here

      2 replies 0 retweets 0 likes
    5. Paolo Ardoino‏Verified account @paoloardoino 14 Jun 2019
      Replying to @xrpisgarbage @dividebynine

      We simulated small burns sending to bitfinex cold wallet during the previous days (1.1 value to bitfinexcw55). The actual burns are the tx sent to bitfinexleo1 and that can be tracked on http://leo.bitfinex.com 

      1 reply 0 retweets 0 likes
    6. dividebynine‏ @dividebynine 15 Jun 2019
      Replying to @paoloardoino @xrpisgarbage

      I think I'm confused on what the Daily LEO Burns (Week Period) metric represents on the tracker page.

      1 reply 0 retweets 0 likes
    7. Paolo Ardoino‏Verified account @paoloardoino 15 Jun 2019
      Replying to @dividebynine @xrpisgarbage

      1st circle represents number of LEO we are buying from the market in the current H. At the end of every H, we move the amount bought into the pending burn (2nd circle). Every 3h the pending burn is moved on chain. 3rd circle should the 24h stat

      2 replies 0 retweets 1 like
    8. Paolo Ardoino‏Verified account @paoloardoino 15 Jun 2019
      Replying to @paoloardoino @dividebynine @xrpisgarbage

      Happy to expand if needed

      1 reply 0 retweets 0 likes
    9. dividebynine‏ @dividebynine 15 Jun 2019
      Replying to @paoloardoino @xrpisgarbage

      Appreciate. Thank you. I was reading the bar chart to be representative of daily burns.

      1 reply 0 retweets 0 likes
    10. dividebynine‏ @dividebynine 15 Jun 2019
      Replying to @dividebynine @paoloardoino @xrpisgarbage

      In the case of buy backs, are these happening on both chains (Eth and EOS)? Are the burns chain restricted (buy and burn EOS only on EOS)? Or is this similar to an Omni/ETH tether chain swap, where you may buy back LEO Eth and burn LEO EOS?

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino 15 Jun 2019
      Replying to @dividebynine @xrpisgarbage

      The bar chart indeed also represents the daily burns because we burn everything we buy every 3h. Also we started on EOS and we have two options. We'll start burning on ETH too to keep availability on two chains reasonable.

      6:11 AM - 15 Jun 2019
      • 1 Like
      • dividebynine
      0 replies 0 retweets 1 like

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