Trust, don't verify.

#asknostr 👀

How do we know Tether has any treasuries. Trust-me-bro-conomics

How do you know Jane Mcdonald will be on your cruise?

AFAIK Coinbase was the repository holding company. Tbh I think the way it works is almost fractional share accounting, and they just "show" the numbers when required, but circulate the same coins

We don't. I used to be vocal about this on X. Bitcoin is built for transparency. How we are overlooking the ability to keep every company accountable to their word is beyond me.