I think what you're saying here is that if there was a run on tether, bitfinex might stop supporting it. And sure, I think that's probably true. But I'm asking how much of a role do they play in actively supporting it day to day. Are they the principle buyer of the currency when people want to liquidate? Or is it other people?
If you asked Bernie Madoff on December 10th 2008 how well his investment fund was doing, he would say "Excellent, thank you."
The set of people who have inside information on how tether functions and the set of people who would actually tell the truth about it are entirely disjoint.
