My opinion is that "2-way pegs" are incoherent to economics. Money scales in layers not lateral pools. The asset is pegged to thermodynamics and physics. The coupon/currency is pegged to the asset. And credit is pegged to the currency. Drive chains misunderstand the nature of the asset by creating their own existent ledger outside of the timechain. Writing one transaction to the timechain to account for multiple transactions on the same chain by "correcting the record" assumes all subsequent transactions were valid. Which the timechain seeks to verify.

Now, I don't know if this is a good argument but the proposition seems ripe for folly.