You're saying that everybody should be sending their BTC, ETH and Ripple to bitshares.org via blocktrades etc. and change them into bit$ there after blocktrades changed those into BTS (because there's really nowhere else these bit$ could possibly go, or if they did, why wouldn't anyone have more faith in them as they now have in tether), and as these bit$s are derivatives like bitgold etc., they would have to bind an extra $1.75 of their real dollars to buy one of them, and that to send their real dollars to bitshares, they should NOT be sending tether from the centralized exchange where they are trading now, because tether cannot be trusted ?
And that there is no central authority 'to go after.' You see, as there is no way to get fiat to bishares.org directly, it makes no sense complaining about the necessary intermediaries, as the authorities are controlling people at the other end, where they live, via their banks and the centralized exchanges, as long as you guys don't manage to dream up a way to get the money into a decentralized one, possibly without using a bank or a credit card... this is all rather delusional, even while lots of Chinamen're now dodging frontier guards at Hong Kong wearing body stockings filled with cash.
The way the crypto market is creating its own FUD, it will definitely end up in the hands of central authorities for the simple reason that the way the little boys behave, everybody will be calling for the big boys, to make sure their funds are safe, as the impression that the entire market is a Ponzi made by folks who just dream up virtual products, may be be intensifying rapidly and ruin the entire concept of crypto.
Proposing that customers change one of their hard-earned dollars into 2.75 virtual ones, and to spread that idea, might just topple the vat. That's humanity's tragedy (uh no - lets just call it a burlesque drama) that it keeps complaining about a lack of freedoms, when we're really a bunch of insane, adolescent primates who are using every opportunity in the sandpit to steal each others' shovels the instant big daddy happens to look in a different direction. It's either no trust or too much... ;)
RE: The MASSIVE Tether Ticking Time BOMB