In the footsteps Tether: is it possible to audit stablon? The opinion of the Winklevoss brothers
Source:
Recently, the community of day traders Whalepool on Twitter that not a single dollar stabilin not conducted a full audit. The charge was probably sent to the address TrueUSD, Paxos and Circle. And accuse them that as they are «only a certification» reserves.
Cameron Winklevoss responded to the accusations. According to him, Whalepool throwing accusations around with no awareness of important facts. The term "audit" applicable to stabilium because they can be "certified".
theThank you for continuing to talk about what does not make sense. Statements Whalepool that they do not criticize us for the lack of audit was insincere because he heard the phrase “mere certification”. This meant that we had a choice, but it was not.
What's wrong with Tether and other stablename
Whalepool retorted. The representatives stated that Cameron does not understand the essence of the publication, and invited him to join the discussion about the ecosystem of cryptocurrencies. Then he added:
We say USDT, GUSD, PAX, USDC, and other, as a rule, are not a full audit, but only certification. We tried to beat the hype around the Tether and to dispel inaccurate beliefs that the company does not meet the required standards, just «audit». At the very least, these facts indicate that today information. This is what we're talking about. Not so much about Gemini, but about stalking in General.
In response, Mr Cameron chided Whalepool:
You don't seem to protect the product issued by the Issuer without a license, which is not able to tell you where to store the reserves and whether they do that is to arrange the deck chairs on the Titanic?
According to Winklevoss, in the context of tablconv there is no such financial statement, which would correspond to the concept of auditing. Therefore, it is impossible to audit stablein, therefore, involved intermediaries to carry out "certification".
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