The dollar (or any fiat currency) could never be pegged to #Bitcoin.
Even if a government was dumb enough to attempt it, the peg would quickly break.
Numerous fiat currencies tried--and failed--to stay pegged to #gold... which is only a stable store of value!
#Bitcoin is an appreciating store of value and is therefore incompatible with a fiat peg, as fiat is always and everywhere a depreciating store of value over time.
They can’t stop themselves printing 🤷‍♂️
Governments just can’t give up the desire to have their own currency. Gollum and the ring vibes.
Reject pegs. Use the money itself. 
Totally agree. All these politicians that talk about pegging the dollar to something (gold, #bitcoin, commodities, etc) are just pandering and don't understand the heart of the problem.
Is it simply rewinding all monetary inflation?
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?
Is it the idea of being entirely pegged? What are your thoughts on the recent statements of RFKJr in relation to a basket of commodities such as gold bitcoin silver etc. I believe he was suggesting a small percentage rather than 100%.
It’s not an unreasonable idea.
Idk, I think they could try something like that. With Bitcoin’s increasing value overtime, that would allow the Fed to keep printing. Theoretically they could print the same % that Bitcoin’s value increased to establish a kind of stable dollar value.
