It is a human feature to think that once a "difficult" concept has been grasped, it acquires the status of a "holy grail".
The very thought there would be a "beyond" the dearly conquered understanding becomes unbearable and hence is being suppressed.
(Alias, Pegged act I)
The main reason for bitcoin's capture lies in the inability of people -especially hodlers- to accept the fact that money is not an entity separable from human activity.
The idea that money is some "stand alone thing" that could exist outside the reach of the state is mainly spread by influencers claiming to have seen the "Austrian light".
What happens when you remove merit, memory, and entitlement from money issuance?
Pegged is a protocol that doesn’t promise fairness—it enforces it by design.
This white paper outlines a system where chance replaces power, and stability emerges from behavior.
Any feedback is very welcome.
What if a stablecoin didn’t need collateral, seigniorage, or control?
Pegged issues money through cryptographically fair draws. No upgrades. No admin keys. Just structure and chance.
Read the white paper: a launch-and-forget protocol for redistributive, stable currency.
Feedback very welcome!