Are you really trying to defend Tether by saying they are no different than the banks and that they are applying the same tactics from the fiat-system?
By your own standard, if the existing system is so broken and morally corrupt, why do you think it is right to defend Tether?
Tether started with the promise they were fully 1:1 backed with USD. They broke this promise. Later they came up with "collaterized with a basket of assets", which was also a lie and they required re-capitalization [0]
How long are you going to keep lying to yourself and trying to defend a company that is run by criminals?
No, this is not a Taco Bell. This is HackerNews, and while it may not be exactly a graduate-level economics classroom, we do try to have serious discussions here. You are not adding to that in any way.
If you think that something someone says is wrong, then address it (and/or downvote). If you think that something someone says is breaking the rules, flag it.
Don't mock the very idea of meaningful discussion just because you don't like what someone trying to be sincere says.
