I've been thinking about this for a few months, and then even longer than that going back to Bitfinex's 2016 incident. The only definite conclusion I've come to

I've been thinking about this for a few months, and then even longer than that going back to Bitfinex's 2016 incident. The only definite conclusion I've come to is that something is going on that they are trying to hide. May be it is solvency based, may be it is regulatory. At the least I can describe with certainty that Tether is the exact opposite of Bitcoin: centralized, opaque, and trust-based. Ironic.