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
Everyone says they are on board with supporting the little guys, until they hit bugs and start complaining.