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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. Antoine Le Calvez‏ @khannib 4 May 2020

      $LEO, a $1B market cap cryptoasset had 0 on-chain usage on either one of its Ethereum or EOS variants yesterday.

      8 replies 11 retweets 134 likes
    2. John Carvalho‏ @BitcoinErrorLog 4 May 2020
      Replying to @khannib

      There are better tokenized alternative monies. Why trade in LEO when you have a market for Tether, DAI, etc?

      1 reply 0 retweets 1 like
    3. Antoine Le Calvez‏ @khannib 4 May 2020
      Replying to @BitcoinErrorLog

      AFAIK, LEO isn't a stablecoin but a mix of a BFX exchange token and a claim on some liabilities of the Bitfinex+Tether system.

      2 replies 0 retweets 0 likes
    4. John Carvalho‏ @BitcoinErrorLog 4 May 2020
      Replying to @khannib

      Right, but tokens as bearer assets would only see use in external trade. LEO issuer offers the best marketplace already, so only reason to transfer token elsewhere is to tap external liquidity. LEO probably doesn't need to be a token, but it might still be more useful as one.

      1 reply 0 retweets 3 likes
    5. Antoine Le Calvez‏ @khannib 4 May 2020
      Replying to @BitcoinErrorLog

      Actually, one of the main on-chain use of LEO was @bitfinex burning it, but that stopped on May 1st. Seehttps://eosflare.io/account/bitfinexleo1 …

      2 replies 0 retweets 1 like
    6. Paolo Ardoino‏Verified account @paoloardoino 4 May 2020
      Replying to @khannib @BitcoinErrorLog @bitfinex

      It accrued 106k unburned, due to an issue with the internal EOS node. Should be fixed in the next hours and the pending burn will include the accrued funds from previous days.

      2 replies 0 retweets 5 likes
    7. Antoine Le Calvez‏ @khannib 4 May 2020
      Replying to @paoloardoino @BitcoinErrorLog @bitfinex

      Thanks for the quick update, I'm curious to know what the issue is with the EOS node. @coinmetrics runs several and it's not been an easy ride.

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino 4 May 2020
      Replying to @khannib @BitcoinErrorLog and

      It was still running on the 1.8.x fork and has been using lot of CPU recently. We're moving to 2.0.x now. We should have upgraded earlier.

      2:38 AM - 4 May 2020
      • 1 Like
      • Antoine Le Calvez
      0 replies 0 retweets 1 like

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