a photo of crypto expert reviewer Preston Byrne

Preston Byrne

Preston Byrne is an independent consultant that advises law firms, corporations, and the public sector on cryptocurrencies. He co-founded and worked as COO of Monax Industries, a blockchain infrastructure provider.

Reviews by Preston Byrne

🔑 0 positive | 💩 5 negative

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Litecoin, a cryptocurrency nobody uses, is now comparable in notional value to the silver market.

2017-12-12 | Full Review

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In crypto it makes sense to do things like MakerDAO which is 300% collateralized while the price of everything goes up. In a black swan, however, this arrangement means the holder of a CDP loses money 3x as quickly on the way down.

2018-04-21 | Full Review

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Just because a document shows a certain bank balance amount on a certain date doesn't mean the funds are unencumbered/free and clear. An audit, which Tether refuses to provide, and which companies large and small undertake on a regular basis, would answer that question.....Additionally, assuming, arguendo, that Tether is backed 1:1 (which I otherwise do not), that much cash sitting in a bank should trade not at par, but at a discount commensurate with the credit rating of the bank.

2018-06-20 | Full Review

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Cardano and Marmotcoin currently processing roughly the same number of on-chain txs.

2018-03-10 | Full Review

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Cardano and Marmotcoin currently processing roughly the same number of on-chain txs.

2018-03-10 | Full Review