So firstly, they'd have to take account of the lessons of history. In my experience, the bitcoin subculture is really bad at doing the reading, and accepting a

So firstly, they'd have to take account of the lessons of history. In my experience, the bitcoin subculture is really bad at doing the reading, and accepting any version of history that doesn't reinforce their assumptions that they're going to get rich for free. There's a history of extremist libertarian ideology in bitcoin, and that's still how the subculture talks about their common beliefs. But the subculture's behaviour is more accurately predicted if you assume their only interest is "number go up." So printing billions of "dollars" of questionably-backed digital wildcat banknotes is good news for bitcoin, if it keeps number going up. The noisy online cultist sort of bitcoiners will swear everything is fine with Tether, but the traders know damn well it's going to explode some time. The only bright side is that crypto is not systemic to the real economy, even the paper economy. So if Tether and/or a major exchange blew up - Binance is looking like a hot prospect, with the amount of regulatory heat it's been getting in just the past few weeks, and with multiple reports of people unable to get their money or even their cryptos out - and bitcoin crashes, then the rest of the financial world will barely be affected.