The incentives at work here are that if a CEO of a public company makes false statements of this kind goes to jail.
This is like the CEO of the bank that held Bernie Madoff's money going on record before Madoff's fall saying he holds Bernie's money and it's all there.
If Tether is unbacked Howard Lutnick is going to jail, so it is irrational to believe Tether is unbacked at this point.
For those doubting that Tether is fully backed, note that Howard Lutnick, CEO of Cantor Fitzgeral, one of the largest investment banks and a public company, has stated that Cantor Fitzgeral manages Tether’s money and indeed the money is all there and invested in US treasury bonds
No question but I wanted to say, I was pulling my hair out trying to figure out which js framework was less of an overkill, and finding htmx was pure joy
If LLMs were actually intelligent they would decide on their own what to do irrespectively of what they have been ordered by anybody else.
Just like intelligent people do.
He says that Tether can redeem any request because his company holds their money. If Tether is unbacked this is security fraud