Home Altcoins News Paolo Ardoino Expresses His Reservations Versus Vitalik Buterin’s Views

Paolo Ardoino Expresses His Reservations Versus Vitalik Buterin’s Views

Paolo Ardoino Tether

Paolo Ardoino Expresses His Reservations Versus Vitalik Buterin’s Views that was expressed in theTim Ferriss Show Transcripts: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant) (#504)

Paolo stated, Vitalik Buterin: Yeah. I’d agree with that, with one reservation, which is that I think the Bitcoin ecosystem does have its own ticking time bomb demons too, like Tether is one example. I thought a lot from what to say but this comments by itself on so many levels.

No matter if you root for Bitcoin, Ethereum, doges, horses, apes, shrimps, the level of hypocrisy of that statement is sure out of bounds.

It real feels like. “Yeah there will be many hacks on ETH projects, doom and locusts, scalability will arrive only after we do serious stuff like NFTing all the cat species but Bitcoin has problems too! And Tether is (looks at his hand notes) bad!!!”

Many were not in agreement with Paolo’s views and stated:  This is when you know someone might not be as smart as they seem. To draw such a flawed conclusion like this betrays his thinking capacities.

There were other users who went to the idea of:  Vitalik – tries to make blockchain useful while admitting that it has many flaws (such as electricity waste, hacks, Tether). Paolo – publicly brags about printing unbacked Tethers.

Those who were in agreement with Vitalik expressed, Buterin is working on creating an infrastructure that roots out fraud. You are encouraging it by partnering with criminals and blatantly counterfeiting money. It’s intellectually dishonest to claim you are his peer.

Some of them when taking about Bitfinex opined, Bitfinex is a goddamn great exchange but the Tether house of cards will fall at some point because it is centralized! And, so the earlier it falls, the better

Yet others went to the extent of pointing to asking Paolo to bring proof about how tether is backed. Further stating, probably at this level you don’t release how bad unbacked Tether could be for this market. Also expressed, I’m pretty sure you believe in what you do. But it’s just too much fog man. Without an audit, he is more credible than you are – thus supporting Vitalik.

It is just nice to see how mature the cryptocurrency investor space is.  Users are not going to simply take opinionated ideals, they are going to think and reflect!

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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