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Paolo Ardoino πŸ•³πŸ₯Š Profile picture
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Oct 29 β€’ 5 tweets β€’ 2 min read
#lugano Plan B drone show #bitcoin πŸ‡¨πŸ‡­

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Keep Current with Paolo Ardoino πŸ•³πŸ₯Š

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More from @paoloardoino

Paolo Ardoino πŸ•³πŸ₯Š Profile picture
Oct 30
1/
 Humbled to have taken part to the Cypherpunk panel with the two giants @adam3us and @NickSzabo4
The spirit of Cypherpunks is well alive.
While #bitcoin solves financial freedom, our battle for freedom of communication is still at the beginning Image
2/
 Big tech companies are obsessed with our data, craving for more photos, messages and other content we create daily, to squeeze every single drop of value out of it.
That's the next big fight.
We have to regain the freedom of our digital personal life, our privacy.
3/
 Tools like @keet_io and @Synonym_to slashtags are pure, tokenless, unstoppable, blockchain-less, encrypted, uncompromising communication protocols that enable free interaction with all your peers, without passing via datacenters, never on a server.
Read 4 tweets
Paolo Ardoino πŸ•³πŸ₯Š Profile picture
Sep 7
El Salvador #bitcoin law 1st anniversary πŸ‡ΈπŸ‡»

1/
 El Salvador has been extremely brave in adding Bitcoin as legal tender.
2/
 While some financial reporters have been calling this an experiment, a failed one, they actually fail to recognise the right of a sovereign country in building its own future. A different future for its citizens, built on math money, a currency that can't be inflated.
3/
 But El Salvador citizens and government are brave. They know that change won't happen in a day.
It requires time, love, effort, vision and passion.
Patience and discipline will drive the progress for the next years, from tech to infrastructure development.
Read 7 tweets
Paolo Ardoino πŸ•³πŸ₯Š Profile picture
Jun 27
1/
 I have been open about the attempts from some hedge funds that were trying to cause further panic on the market after TERRA/LUNA collapse.
It really seemed from the beginning a coordinated attack, with a new wave of FUD, troll armies, clowns etc.
2/
 Tools: USDt/USD perps (the perfect attack vector that offers an asymmetric bet), spot short selling, DeFi pools unbalancing, ...
Goal: create enough pressure, in the billions, causing ton of outflows to harm Tether liquidity and eventually buy back tokens at much lower price.
3/
 These hedge funds believed and helped all the FUD spread by the truthers in the past months / years:
- they believe/d that Tether was/is not 100% backed
- they believe/d that Tether has/had exposure to Evergrande
- they believe/d that Tether has/had 85% exposure to Chinese CP
Read 12 tweets
Paolo Ardoino πŸ•³πŸ₯Š Profile picture
Jun 7
1/ Thread of @bitfinex liquidations

--- summary ---
data aggregators have been misreporting liquidation data, misinterpreting the amount field in the API documentation available here: docs.bitfinex.com/reference/rest…
---
2/
 @bitfinex liquidation APIs work differently from other platforms.
While competitors provide just trade executions, Finex reports actual positions (with their internal position id, size and base price) and streams updates while the position gets liquidated through the market.
3/
 The doc (screen attached) is quite clear, especially referred to the `amount` field.
Read 7 tweets
Paolo Ardoino πŸ•³πŸ₯Š Profile picture
Apr 10
1/ πŸ‡ΈπŸ‡» πŸŒ‹
Bitfinex and Tether have set up a relief fund to help the families of the people affected by the pandillas in El Salvador.
2/
 Both companies once again stand with the disadvantaged and have donated 25 #bitcoin (~1M USD equiv now) to bootstrap this initiative (tx: 16dfd73fb9e9fe1e1c47eaf9e55e15066a80936a9c80cfc507b7555effdb2cea )
3/
 Since 2021, many #crypto influential people and companies have applauded the heroic fight for financial freedom that @nayibbukele , its govt and population has initiated, investing in #bitcoin as a better, fair and resilient monetary system for the future of the country.
Read 8 tweets
Paolo Ardoino πŸ•³πŸ₯Š Profile picture
Jan 5
1/
 Finex has moved successfully many internal operations that required multiple review/approval on a permissioned decentralized consensus system.
++Security
++Team Scalability
This is a good day.
2/
 Most of websites (including most CEXes) use a centralized admin interface where admins/operators/support can perform actions on user accounts.
Centralized admin UIs are an attack vector.
3/
 Our solution:
- a permissioned append only Merkle Log published on a decentralized bittorrent-style network, all proposals/messages signed/verified, all votes signed/verified.
- desktop UI to participate to the network, internally and 3rd party audited, reproducible builds
Read 5 tweets

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