Tony Arcieri on Tether

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Tony Arcieri is a software engineer, and has worked at companies like Square and Chain. He's currently the president of iqlusion, a company that provides infrastructure for cryptocurrency projects.

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Tether is a cryptocurrency that represents real-world assets like the Dollar and Euro on cryptocurrency markets.

Stablecoin

Tether reviews by Tony Arcieri

🔑 0 positive | 💩 2 negative

2018

  • 💩

    Tether is kind of like USD, except instead of being backed by the United States government, it was created by a guy who fled the U.S. following allegations of raping children and who claims if he needs more money, he just invents a new token.

    2018-11-25 | Full Review

  • 💩

    True to at least some of their words, Tether does provide transparency into their USDT issuances. But if we actually scrutinize them, we find a sort of transparency that is no better than Donald Trump Jr. tweeting incriminating emails.

    2018-01-19 | Full Review

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💩

22 days until Monero has Ed25519 bulletproofs. But the real question is, how many days until a critical vulnerability arising from the naive repurposing of Ed25519 “ref10” arithmetic is discovered?

2018-09-27 | Full Review

🔑

I am excited to see how zero knowledge cryptocurrencies like Zcash interact with the extant regulatory landscape. I think it’s important to remember that these techniques provide privacy that (IMO) is a *requirement* for a *business* use case..... With zero-knowledge proofs, privacy and transparency are very much compatible. You can prove properties of transaction flows in zero knowledge.

2018-07-13 | Full Review

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🔑

The success of Tether, despite severe flaws in centralization and lack of transparency, is the only rebuttal necessary. There’s strong demand from the crypto community for a decentralized stablecoin; that is undeniable.

2017-12-16 | Full Review

💩

If Tether can't just publicly show their bank statements, accounts, signed powers of attorney docs, and executives' authorized signatures against issued tokens, then it's very likely it's a fractional reserve gone *very* wrong.

Lesson: Trusted third parties are security holes.

Donald McIntyre, Co-Founder of Global Financial Access and Business Development at ETCDEV

2018-06-20 | Full Review

💩

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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