it would be a scam if they did it dishonestly (like banks do).
tether explains what it is pretty well. you can choose to buy the product or not, but they don't scam you.
it is easy to walk around and yell scam at everything, but to qualify for a scam, you need to actually mislead people, which Tether is not doing.
You seem to have some insights. So far I haven't seen any external public audits.
So it's a lof of trust me bro, at the risk of getting your money confiscated.
Your lack of trust because you don't like audits they publish is not enough to call someone scam. there's no indication they are doing something fishy.
You can say you don't trust them. I short them :)
For something to be a scam, it is not enough that you don't feel well about it. It means they are defrauding people and there's no indication of that.
If it is delivered as promised, it's ok from the scam-no scam scale. People use the word lightly these days, but they should not.
You are either an insider or you trust without being able to verify.
I really don't understand where you are coming from. To me this looks unprincipled and therefore doesn't make sense at all/is dangerous.
It reminds me of another self-proclaimed cypherpunk (Adam Black) who always defends Tether.
His position however makes perfect sense to those who know Tether is a leading investor in Blockstream.
What should we know about you, that we currently don't?
