Look on the bright side, it could be worse. 

You could be a Tether truther.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

My gut-feel hypothesis on Tether is that they did start out as a shady, if not outright fraudulent house of cards, with nowhere near the 1:1 collateralization required to operate a stablecoin sustainably.

But then the money started coming in & they’ve since been able to vastly improve their reserves with actual cash

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Something to this. Feels like Tezos went the same fake it to make it pathway