>Beyond the fraud allegations, the idea that an organisation can just print extra money as they see fit, doesn’t that go against the principles of crypto finance?
or maybe the crypto community isn't a monolith, and all the cryptoanarchists aren't the people who hold/support tether?
They might not be a monolith, but I've yet to see participants advocating for Tether to show audited financials like anybody else in their position would be obliged to.
They appear to all be playing by the rules Tether is setting.
> What makes you sure that at least some of the "tether is a scam (or is at least shady)" people aren't also crypto "participants"?
I imagine there are many people that believe in crypto and participate in the markets, but dislike that Tether is behaving like the fiat central bankers they abhor so much.
> Or maybe they're voting with their feet and moving to an exchange that doesn't deal in USDT, and so won't be subject to tether's rules?
Unbacked Tether inflates the price of any coin that it's used to purchase, so what you're describing would have no effect. When Tether's $1bn pump pushes up BTC's price from it's 20% overnight decline, are the theoretical USDT-free exchanges going to reflect bid/ask prices as they were pre-pump? Of course not.
or maybe the crypto community isn't a monolith, and all the cryptoanarchists aren't the people who hold/support tether?
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