During an interview at BTC Prague’s Bitcoin-only conference, Paolo Ardoino, CEO of Tether, said he recognized the exceptionality of Bitcoin as the only currency that is not centralized.
A faceless Bitcoin is a Bitcoin independent of any censorship
Paolo Ardoino, the CEO of Tether (the company issuing USDT), was at the BTC Prague event to speak about technical challenges and technological breakthroughs that have shaped Bitcoin mining. It is in this context of Bitcoin-only that the head of the stablecoin Tether spoke about the mother of cryptocurrencies.
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The first thing that the CEO of Tether wanted to highlight is the total independence of Bitcoin. Paolo Ardoino effectively highlighted the importance of decentralization which makes technology immutable.
Bitcoin is the only example of a currency that is only governed by mathematics that cannot be changed
.
The second perspective concerns the uniqueness of Bitcoin in its decentralization among 14,000 cryptocurrencies. Indeed, an entire sector of the industry is dedicated to decentralized finance (DeFi).
Nevertheless, it is difficult to envisage a completely decentralized cryptocurrency when the coercive power can blame a legal or legal entity. Only the uniqueness of a faceless Bitcoin seems to be able to satisfy the requirements of pure and perfect decentralization.
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BTC is a scientific reality, according to Paolo Ardoino
Paolo Ardoino also highlighted the fact that there is no single entity that is in charge of controlling the issuance and distribution of BTC. With Bitcoin there is no room for uncertainty, we know that there will never be more than 21 million Bitcoins.
These are buried and just waiting to be discovered, the rules are clear from the start, there are no surprises.
With other cryptocurrencies, you see that there is a group of developers who come every month. They release a new version of software, they change monetary policy, inflationary, deflationary, and they continue to change things
.
Aware that in the cryptocurrency industry many use terms whose scope they do not understand, the CEO of Tether explains that the term “ decentralized ” is a feature that only Bitcoin can rightly boast of using. He therefore humbly recognizes that Tether’s USDT is a centralized cryptocurrency.
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“ Compare yourself to know yourself better »: Paolo Ardoino applied this quote to the letter by putting Bitcoin and the crazy memecoin industry side by side. He explains enigmatically that he “ like memes, but not memes ” and BTC and memes are like night and day, they have nothing in common.
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Source: Cointelegraph
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