> yoh are referring to a hypothetical future

I’m referring to the present state of their reserves. A present state which almost deterministically implies a future state under certain conditions.

> Do these companies likely have reserves to back their coins? No. Are the pegs currently holding just fine? Yes.

Fair enough. (Though I’m unconvinced of the value of a peg that can’t be redeemed against, à la Tether.)

That hypothetical is reality. And sometime today, tomorrow or 10 years from now it’s gonna finally collapse. Crypto was and always will be a giant scam.

Sure, it’s a scam. But the pegs are easily observed to be holding at the moment. There is no doubt about this. One’s beliefs need not detract from basic reading comprehension.