[CryptoPunk]

Libertarian ideology has resulted in Tether being replaced by USDC in Ethereum DeFi. Your claim is based on the bizarre premise that people are only intelligent when formulating mandates for otherd, while they can only exercis if formulating a course of action for themselves

[wbsss4412]

> Your claim is based on the bizarre premise that people are only intelligent when formulating mandates for otherd, while they can only exercis if formulating a course of action for themselves

I’m not sure where my statement implied what you are assuming here. I think you may have your dogmatic blinders on.

Both tether, and crypto unrelated to tether are implicated in what I stated. That doesn’t make tether any less a result of libertarian ideology drawn to its conclusion.

[CryptoPunk]

The last sentence of my last comment has a mistype. It should be "while they can only exercise naivety when formulating a course of action for themselves."

As for my point, it's pretty simple: the market moves away from tether on its own just as libertarian ideology suggests it would.

Those who use tether are aware of the risks and are choosing to use it anyway, and if they lose money no one will bail them out.

I suggest you reevaluate what you think a libertarian market, where adults are treated like adults and not like children who are subordinate to high up regulators, evolves into.

And really, that's what you're implying: that certain people, should control other people, for their own good, and I find it bizarre that any one would advocate for that when you can see the extreme inequality and dysfunction this approach has produced in traditional finance.

I think it's holding to your belief - not to the belief in a free society - that requires having ideological blinkers on.