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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. SBF‏Verified account @SBF_FTX 16 Aug 2020

      SBF Retweeted John Brown

      True for ETH; not necessarily for faster chains.https://twitter.com/john_j_brown/status/1295231224219410432 …

      SBF added,

      John Brown @john_j_brown
      The future of Dexes lies solely in Layer2. Layer1 Dexes are either too uneconomical or too centralized.
      17 replies 8 retweets 104 likes
    2. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda

      1/2 Eventually a L1 will saturate. Only way to increase throughput is to use L2 solutions. Even if you have a L1 chain that can do 10M txs second, it will just delay the moment it will saturate and you'll have to move to L2.

      4 replies 1 retweet 21 likes
    3. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @paoloardoino @SBF_Alameda

      2/2 Why it happens? If L1 is fast and cheap people will think they can use it for anything: storage, gambling, sending money, selling horses and sheeps. Then you'll need anyway L2 solutions to break bottlenecks. It's just a function of time and success

      1 reply 0 retweets 13 likes
    4. SBF‏Verified account @SBF_FTX 17 Aug 2020
      Replying to @paoloardoino

      True, but I also think that there's a huge difference between 10m and 7. If you can get to 10m then you can get a TON more infrastructure up which is fast,

      2 replies 0 retweets 8 likes
    5. Decentral Station‏ @DecentralStn 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda @paoloardoino

      I think we can live with 10M based on the current demand.

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @DecentralStn @SBF_Alameda

      Note that when I've said 10M it was purely hypothetical. Hard to get that throughput today on a L1.

      12:35 AM - 17 Aug 2020
      • 2 Likes
      • Mark @Bitfinex Decentral Station
      1 reply 0 retweets 2 likes
        1. New conversation
        1. Decentral Station‏ @DecentralStn 17 Aug 2020
          Replying to @paoloardoino @SBF_Alameda

          I understand your point and agree inprinciple. Also understand the current throughput of L1 chains. The comment was a mild satire.

          1 reply 0 retweets 1 like
        2. SBF‏Verified account @SBF_FTX 17 Aug 2020
          Replying to @DecentralStn @paoloardoino

          I think 10m isn't totally out of the question. Solana is at 100k right now, and there's about a factor of 100 of moderately low-ish hanging fruit I think? IDK for sure, @aeyakovenko / @seb_alameda would know more

          2 replies 0 retweets 2 likes
        3. Show replies

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