The CEO of Tether, the company behind the world’s largest stablecoin (USDT), believes that Bitcoin stands alone as the only truly unstoppable and decentralized cryptocurrency.
Paolo Ardoino, Tether’s CEO, highlighted Bitcoin’s unique status among the more than 14,000 different cryptocurrencies, asserting that Bitcoin is the sole cryptocurrency that is not controlled by any central authority.
On June 13 during the Bitcoin-only conference BTC Prague, Ardoino stated, “Bitcoin is the only example of a currency that is governed solely by math and cannot be altered.” He contrasted this with other cryptocurrencies, which he said vary in their levels of centralization.
Ardoino pointed out that many other cryptocurrencies are subject to frequent changes by developer groups who regularly update software, alter monetary policies, and adjust inflationary or deflationary measures. “With other currencies, there’s a group of developers coming out with new software releases, changing the monetary policy, and making other adjustments,” he noted.
Bitcoin is About Certainty
In contrast, Bitcoin offers a predictable and immutable structure: there will always be only 21 million Bitcoins, and the network undergoes a halving event approximately every four years until all Bitcoins are mined. “Bitcoin is about certainty,” Ardoino emphasized. “It’s like a clock that keeps ticking forever. When it comes to truly unstoppable or decentralized products, Bitcoin is the only one.”
While acknowledging that his view might be controversial, Ardoino also candidly stated that Tether, unlike Bitcoin, is centralized.
Additionally, Ardoino expressed his skepticism about the booming market for memecoins—cryptocurrencies inspired by internet memes or trends. “I like memes, but not memecoins,” he said, suggesting that Bitcoin and memecoins occupy completely opposite ends of the cryptocurrency spectrum.
Summary Review: Ardoino‘s comments reinforce the idea that Bitcoin’s decentralized nature and immutable characteristics set it apart from other cryptocurrencies, which are more susceptible to changes and central control.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
