> and yet there's a billions of tethers flowing around. It may simply be to make hay while the sun shines? As I understand it Tether creates liquidity, facilit

> and yet there's a billions of tethers flowing around. It may simply be to make hay while the sun shines? As I understand it Tether creates liquidity, facilitates inter-exchange transfers without incurring huge on-chain Tx fees, which greases the day trading gears all while providing a thin psychological security blanket to people who may believe that the downside risk doesn't exceed the opportunity for enormous gains. Everyone thinks they'll be the first into the lifeboats when the ship starts to sink. The extreme reliance on a centralized token like Tether, like the existence of centralized exchanges in general, is a tacit admission that blockchains are completely unsuited to the pace of financial activity and need these informal crutches to work effectively at all. Real ideologues who care about decentralization are thin on the ground, and rationalize these shortcomings away as readily as the most degen speculator when 10x profits are on the table.