I’m also of the opinion my paid chatgpt responses have been lower quality.
However users going on multi page rants is so bad. I read 30% through and its like “dude stop”
Its a product and you pay for it, if its not working then express the feedback and move on. Making demands of OpenAI like it is some elected government agency with transparency requirements is outrageous
These funds appear to be specifically for short term redemptions, if they turn over 3B in redemption's every 7 days then how are they meant to keep less then that in the banks
They deposited 3B with this bank for the specific purpose of it being a safe place.
Their 10B in cash was spread over 6 banks to diversify the bank risk.
They have plenty of higher risk investments in their treasury, but these ones were the safe ones intentionally put into banks with insurance. If the government protection wasn't there the investment would’t have been there in the first place
The counter point is everything he said is well known and discussed within the web3 circles, nothing he mentioned was ground breaking.
In general speakers who are talk about their solutions to problems are interesting, while speakers who take a defeatist attitude of course are going to get ignored.
This was my exact thoughts too! surely human beings from the 21st century could have improved on this.
However I'm also pretty sure that lawyers have found a loophole to prevent their jobs from being automated, if you just make using technology illegal/"not to standard" then they can keep billing $500 per hour to use a typewriter
As an accountant it somewhat irks me to open an “annual report” and it only to contain one page related to financials and mostly taken up by a single pie chart.
Gatekeeping is bad, but these annual PR pieces are trying to ride the good reputation that annual reports containing audited financials have.
On a side note the graphic design in this is amazing
I think people dont fully understand the risk of debanking in crypto. If you go to the regular players with a billion dollars in cash, say you are cryptocurrency firm and would like a bank account they will turn you around.
This is such a major factor with every cryptocurrency company. Especially 5 years ago when tether was made.
Tethers ‘dodgy’ investments is partially driven by there being no other options.
Single entry bookkeeping is essentially a list of your income/expenses. A list of this nature means you can't be certain you got everything, if an item is missing or has been double counted it wont be obvious at first glance that it is wrong.
Double Entry bookkeeping adds a layer to your lists to ensure that everything has been accounted for, you are creating the same list but also tracking the opposite side which is what it affected.
The most simple case here is that the income/expense also affects your bank account. By tracking the bank account you now can check that your "Predicted" bank balance according to your list is actually what is in the bank account. If they don't match then you know for certain something got missed.
It doesn't solve all the errors that can possibly occur, but it makes sure that the basics are at least covered.
Probably the more interesting thing about this is the treasury has pushed for Github to delete the open source repo and suspend the developers who contributed to it.
There is a difference between signing a transaction and signing a string. The warning you have linked pops up when a signing of a string occurs and warns that if the person embeds a transaction in that string you are signing whatever transaction they have made.
There is a new method they have for signing strings that does not allow a transaction to be signed so its safer.
The crypto drainer seems to directly be sending the NFTs and assuming that the user cant understand the transaction and what its actually doing.
Everyone says they are on board with supporting the little guys, until they hit bugs and start complaining.