No, a tether is not accompanied with an iou to the "bank". In fact it's the other way around. If they're not fully covered its simply theft.

Yes

I just checked a map. I disagree.

That being said, coverage outside of key population dense areas isn't particularly great. Not that there are many people there to complain about it...

I cannot understand this point of view. In what world will you keep enjoying your digital cosmetics after the USA army is dissolved?

They were independent statements. But yes, if for some reason the USA dissolved their army I would still enjoy playing video games.

Maybe that was a bit facetious, my point was that there are no digital assets without a physical guarantee

I don't quite understand what you are getting at. Could you explain a little more of what you mean? If I have a CSGO knife why would I care about anything physical?

Because CS had physical offices and servers behind that digital knife. Lacking a physical security guarantee like the army, some armed group or nation state can simply take or destroy the physical things from CS and there goes your digital possessions too.

It's hard to imagine, but basically a state does need some level of force to be able to protect property rights. Without that you can't have much of an economy period, nevermind a digital economy.