The most comprehensive and forceful statements are in this video:
https://youtu.be/IjR3Hj0aRW4?si=s2D0wjQOIS5uiFKh
8:45
Readit Newsgws commented on Federal investigators probe Tether wsj.com/finance/currencie... · Posted by u/dcgudeman
gws commented on Federal investigators probe Tether wsj.com/finance/currencie... · Posted by u/dcgudeman
What are the incentives at work here? What is their risk exposure to a collapse of tether? What would be the reputation al risk to their firm if tether was a scam?
I personally would take this with a grain of salt as they have a direct financial interest in Tether looking solid and prestigious and continuing its present operations.
I am old enough to remember when investment banks touting their mortgage backed securities business before the collapse in 2008.
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.
gws commented on Federal investigators probe Tether wsj.com/finance/currencie... · Posted by u/dcgudeman
> Howard Lutnick, CEO of Cantor Fitzgeral, one of the largest investment bank 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
Source? I'm seeing Fitzgerald say "Cantor Fitzgerald manages 'many many' of" Tether's assets (not all) and that he can vouch for their balance sheet [1]. But not that Cantor manages all of its assets nor that it's all in Treasuries.
[1] https://www.bloomberg.com/news/articles/2024-01-16/tether-s-...
The most comprehensive and forceful statements are in this video:
https://youtu.be/IjR3Hj0aRW4?si=s2D0wjQOIS5uiFKh
gws commented on Federal investigators probe Tether wsj.com/finance/currencie... · Posted by u/dcgudeman
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
gws commented on Htmx 2.0.0 has been released htmx.org/posts/2024-06-17... · Posted by u/lsferreira42
hey folks, i'm the creator of htmx
this isn't much of a feature upgrade, but we took the opportunity to clean up a few things and drop IE support, which will help us slim down the library over time
hopefully it's an easy upgrade for most htmx users, upgrade guide is here:
https://htmx.org/migration-guide-htmx-1/
happy to answer any questions
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
I’ve withdrawn money from AngelList after distributions, the platform is legit.
“The most incredible and unusual thing that struck me about Google's early culture was the tendency to value employees above all else”
I wish they had valued users above all else
What I am getting is that he simply said that he holds some of tether’s assets. Why and how would that make him privy to the entirety of tether’s balance sheet?
He says that Tether can redeem any request because his company holds their money. If Tether is unbacked this is security fraud