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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. Grant Gulovsen, Esq.‏ @gulovsen Jul 16

      Grant Gulovsen, Esq. Retweeted Stuart Hoegner

      This right here. The fact that the guy who is the #1 candidate for being Satoshi (which may or may not be true I don’t know) vigorously defends Tether and refuses to even acknowledge the findings in the NYAG settlement shows how deep this cartel runs. Tragic.https://twitter.com/bitcoinlawyer/status/1416071318768869382 …

      Grant Gulovsen, Esq. added,

      Stuart HoegnerVerified account @bitcoinlawyer
      Replying to @ZevFima @adam3us and 5 others
      If there's one person who cares about the community, it's @adam3us, who's a leader in this space. He doesn't like people lying and misleading others in the community. Seems pretty straightforward. #BITCOIN #Tether
      14 replies 2 retweets 34 likes
    2. Adam Back‏ @adam3us Jul 16
      Replying to @gulovsen

      the NYAG did not find that tether is fractional, and also did not allege tether price manipulation of bitcoin. it only argues about whether tether adequately disclosed lending money to bitfinex (which is now repaid in full). and even that was settled without admitting fault.

      7 replies 1 retweet 54 likes
    3. Grant Gulovsen, Esq.‏ @gulovsen Jul 16
      Replying to @adam3us

      Your summary is accurate. The only findings by the NYAG related to the fact that Tether/Bitfinex misrepresented its reserves/backing on several occasions. However, the fact that Tether neither admitted nor denied those findings doesn’t make them any less true.

      1 reply 0 retweets 3 likes
    4. Grant Gulovsen, Esq.‏ @gulovsen Jul 16
      Replying to @gulovsen @adam3us

      Many of us who support Bitcoin but don’t support Tether do so based on this history of misrepresentation. Phil Potter lied multiple times about the relationship between the two entities & that Tether was fully backed 1:1 by US dollars (when it wasn’t).

      3 replies 0 retweets 5 likes
    5. Grant Gulovsen, Esq.‏ @gulovsen Jul 16
      Replying to @gulovsen @adam3us

      If someone lies to me over and over I’d be a fool to suddenly believe them because that person says I should. If they can’t provide evidence to back up their claims after demonstrating their lack of credibility I’m going to assume that they are full of it. It’s common sense.

      1 reply 0 retweets 4 likes
      Paolo Ardoino‏Verified account @paoloardoino Jul 16
      Replying to @gulovsen @adam3us

      1. There is an attestation now 2. We went one step further with the breakdown of reserves (we did not have to, yet we did) 3. NYAG case was announced in 2019. Tether grew 60B since then -> Tether is trusted. Tether keeps the peg with 1$ everywhere -> Tether is trusted.

      11:19 PM - 16 Jul 2021
      • 4 Likes
      • 🐧Trader Trust.eth🦇🔊 Daniel Adam Back CookieCryptoMonster
      1 reply 0 retweets 4 likes
        1. New conversation
        1. CookieCryptoMonster‏ @CookieCryptoMo1 Jul 16
          Replying to @paoloardoino @gulovsen @adam3us

          👏👏 My grandma always said, "Your character shows when you do things when others aren't looking. When you don't have to."

          1 reply 0 retweets 1 like
        2. CookieCryptoMonster‏ @CookieCryptoMo1 Jul 16
          Replying to @CookieCryptoMo1 @paoloardoino and

          Is my memory bad or did the terms of the settlement require disclosures? I'm curious if you and @bitcoinlawyer reviewed or was a part of that process because it seems no one remembers what was required.

          1 reply 0 retweets 0 likes
        3. Show replies

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