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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 Jul 16

      Tether truthers: "tEthEr iS nOt tRustEd" - since 2019 (NYAG) tether grew from 3B to 63B - Tether maintains the peg of 1$ on all exchanges - competitors could have had the chance of their lifes to outgrow Tether but the didn't Checkmate dudes. The market speaks louder than you.

      54 replies 20 retweets 319 likes
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    2. Paolo Ardoino‏Verified account @paoloardoino Jul 16

      These truthers can't simply understand how free markets work. Anyone holding USDt and thinking it isn't fully backed, would sell it on the market pushing the price down. Yet the price is 1$. Everyone knows Tether is fully backed. There is a public attestation from a top firm.

      6 replies 3 retweets 68 likes
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    3. Paolo Ardoino‏Verified account @paoloardoino Jul 16

      They just prefer to follow and believe couple of guys that for years said that Tether is not backed, and then turned to be a lie and they shifted their attack goal to "bUT BUt TETHer iS mEAN".

      11 replies 5 retweets 66 likes
      Show this thread
      Paolo Ardoino‏Verified account @paoloardoino Jul 17

      Moreover some of these truthers go with personal attacks, either racists or doxing or threats. It's always ok to pose questions and want answers. It's not ok to threat or disrespect people.

      12:04 AM - 17 Jul 2021
      • 5 Retweets
      • 64 Likes
      • MIDNIGHTITY horizen coin DAN Meolo HugoS B0t Telésforo Loly super-coder ⚡️🌋 ☣️ 🇸🇻 Pinkman BTC
      10 replies 5 retweets 64 likes
        1. TRXTrader77‏ @trontrader77 Jul 17
          Replying to @paoloardoino

          Agreed🙌

          0 replies 0 retweets 0 likes
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        1. Kmpec  ⚖️‏ @K_mpec80 Jul 17
          Replying to @paoloardoino

          Totally agree, Tether build an amazing business and I always said, it would be the stupidest thing to do to risk this business with not being backed or trying to break laws! And after all, if Tether would fail, all of DeFi would be fucked anyway

          0 replies 0 retweets 2 likes
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        1. Egregious Legend‏ @egregiouslegend Jul 17
          Replying to @paoloardoino

          Sorry to say this but Tether is a massive risk for the entire crypto space, seems like the truest form for shitcoin there is. Without tether, #BTC would be much higher right now.

          0 replies 0 retweets 0 likes
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        1. Sue Me For Your Ape‏ @Evanwillfitz Jul 17
          Replying to @paoloardoino

          Okay, here's a question, rather a series. Can you provide a list of CUSIPs or ISINs for the commercial paper backing Tether? Or, failing that, tell us where it is custodied and provide custodial statements? Or if none of this applies, explain why?

          0 replies 0 retweets 3 likes
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        1. Non-Fungible Toker‏ @DMTboofDaddy Jul 17
          Replying to @paoloardoino

          I have a question, when will you release a full audit?

          0 replies 0 retweets 2 likes
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        1. New conversation
        2. Хавидж Наффи  🥕‏ @nnwakelam Jul 17
          Replying to @paoloardoino

          What about the attorney general literally saying tether was unbacked for most of its history? These are just talking points. Producing a pie chart predominantly comprising of “commercial paper” and trying to say you are backed is laughable.

          1 reply 0 retweets 0 likes
        3. Хавидж Наффи  🥕‏ @nnwakelam Jul 17
          Replying to @nnwakelam @paoloardoino

          Hey @paoloardoino - can you address my points? Why did the AG fine tether?

          0 replies 0 retweets 0 likes
        4. End of conversation

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