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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. Paolo Ardoino‏Verified account @paoloardoino 11 Sep 2020

      Paolo Ardoino Retweeted Paolo Ardoino

      Use #DeFi projects at your own risk but if you do, at least make sure to user @Tether_to $USDt. 1M $USDt recovered and returned to the legitimate owner(s). https://etherscan.io/tx/0x0b44bf8681cbfb337f1c0f5bdb2b662a070e29eb204ec848a575c8dc3549413e …https://twitter.com/paoloardoino/status/1303239384037289986 …

      Paolo Ardoino added,

      Paolo ArdoinoVerified account @paoloardoino
      Please open a ticket to @Tether_to support service https://app.tether.to/  If it's USDt ERC20 stuck in an address we should be able to recover it, but in order to be sure, please contact our customer support and we'll try our best. https://twitter.com/Crypto_Plato/status/1303235432755294216 …
      Show this thread
      29 replies 30 retweets 214 likes
    2. Gr0kchain  🇿🇦 🤘 South Africa‏ @gr0kch8n 11 Sep 2020
      Replying to @paoloardoino @Tether_to

      Is this recovery feature also available on @Liquid_BTC? @richardbensberg @Excellion

      1 reply 0 retweets 0 likes
    3. Samson Mow‏Verified account @Excellion 11 Sep 2020
      Replying to @gr0kch8n @paoloardoino and

      I don’t think it’s a feature, but more like a proof of burn to the issuer. Anyone issuing their asset on Liquid can determine their own policies.

      1 reply 0 retweets 3 likes
    4. Gr0kchain  🇿🇦 🤘 South Africa‏ @gr0kch8n 11 Sep 2020
      Replying to @Excellion @paoloardoino and

      Gr0kchain  🇿🇦 🤘 South Africa Retweeted Richard Bensberg

      Yeah, similar to the rules for the ERC20 version. Cannot do a chargeback, but can burn and remint. Is the same true for the tether version on Liquid. @richardbensberg seemed to suggest this was not the casehttps://twitter.com/richardbensberg/status/1303313192551100416 …

      Gr0kchain  🇿🇦 🤘 South Africa added,

      Richard Bensberg @richardbensberg
      Replying to @gr0kch8n @bitfinex
      A company can't burn coins (read: a list of digital signatures) which they do not have custody of. They can always refuse to honor a redemption on *any* coins so you will never have true censorship resistance, but with CT the fungibility is such that this is largely impractical.
      1 reply 0 retweets 0 likes
    5. Gr0kchain  🇿🇦 🤘 South Africa‏ @gr0kch8n 12 Sep 2020
      Replying to @gr0kch8n @Excellion and

      TL;DR; Considering that tether is a product of @bitfinex, has their implementation on @Liquid_BTC been written to burn and optionally remint tokens when needing to confiscate, chargeback, reverse or censor any transactions using it? Is the source for this freely available?

      2 replies 0 retweets 0 likes
    6. Samson Mow‏Verified account @Excellion 12 Sep 2020
      Replying to @gr0kch8n @paoloardoino and

      No, they cannot burn tokens they don’t have. The user in the above case effectively burnt it themselves and Tether got the proof from them and reissued. @paoloardoino correct me if I am wrong.

      1 reply 0 retweets 1 like
    7. Paolo Ardoino‏Verified account @paoloardoino 12 Sep 2020
      Replying to @Excellion @gr0kch8n and

      On Liquid we can't do such operations. The only solution would be requiring, for each transfer, an additional signature provided by a Tether watchtower. Such system would allow Tether to "freeze" funds. But burns of tokens on specific addresses are not possible.

      2 replies 0 retweets 5 likes
    8. Samson Mow‏Verified account @Excellion 12 Sep 2020
      Replying to @paoloardoino @gr0kch8n and

      If a user does make some mistake and screws up a transfer, could they provide the blinding key, and Tether would help them recover (or accept it was burned) and re-issue?

      1 reply 0 retweets 1 like
      Paolo Ardoino‏Verified account @paoloardoino 12 Sep 2020
      Replying to @Excellion @gr0kch8n and

      Yes. That would be the smart option

      1:27 AM - 12 Sep 2020
      • 2 Likes
      • Samson Mow Gr0kchain 🇿🇦🤘 South Africa
      0 replies 0 retweets 2 likes

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