Replying to Avatar Jordan Eskovitz

I'm not interested in defending a fiat peg, but as a point of curiosity: were a government to attempt it, wouldn't the currency by definition not be fiat any longer? And, therefore, when pegged to btc, it would no longer be endlessly depreciating?
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less 2y ago

The issue is the debt payments, which would quickly become insurmountable, forcing the peg to break.

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Jordan Eskovitz 2y ago

Ah, I see, so because all fiat regimes are in so much debt, the actual act of pegging a currency is impossible. Interesting.