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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
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    4. .__No__.‏ @HuchaNo Jul 16
      Replying to @paoloardoino

      Hey, not sure how accurate these charts are anyway but, assuming it *is* accurate, what would cause Tether to flat-line here while other stables continued to grow? Genuine question.pic.twitter.com/RkhktyjS6o

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino Jul 17
      Replying to @HuchaNo

      Check here on messari. Definitely tether flat lined but our biggest competitor almost did as well (1B in last month). Markets are in a difficult state rigtht now, so everyone is on the sidelines. You can see it also looking at volumes on exchanges.pic.twitter.com/XXj4HicVXe

      12:07 AM - 17 Jul 2021
      • 2 Likes
      • Daniel .__No__.
      3 replies 0 retweets 2 likes
        1. Andy Smith  🌱‏ @smithstock Jul 17
          Replying to @paoloardoino @HuchaNo

          How does the price of BTC affect Tether issuance? It seems that the sideways movement of BTC price and Tether market cap are correlated

          0 replies 0 retweets 0 likes
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        1. .__No__.‏ @HuchaNo Jul 17
          Replying to @paoloardoino

          Thanks for the reply. Had wondered if was related to accounting periods or similar as TRX went down same time as ETH went up then both flat from last day of May onwards. (Aware that Truthers have used dodgy charts as ammunition before so again, not sure how accurate this one is.)pic.twitter.com/spJFvPxVKL

          0 replies 0 retweets 0 likes
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