Thread by @lawmaster

I used to be one of the leading voices of Tether criticism but I can say with 100% honesty that the vast majority of Tether critics don't understand crypto market structure and it's making them make bad assumptions. They also don't have the network to figure out the nuance.

So much of the Tether criticism is just lazily jumping to conclusions these days. And I've now blocked most of the accounts that spread this shit without even understanding how to get the correct data to support their arguments.

Most of them also think that the only reason I've changed my mind is that I've somehow been paid off by Tether, it's ridiculous. It's just that most of the concerns I've had have been addressed either publicly or privately. There are reasons for things they do

Can Tether be affected by U.S. regulators for the previous issues or other reasons? Probably but I think it's a relatively low chance but definitely something to be wary of. But do I believe that Tether is misappropriating the funds or acting fraudulently? I really don't.

You can listen to the recent podcast I did on the topic with likely the best Tether critic out there @BennettTomlin

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