GM
#peggedsaga #peggedprotocol #lottonomics
Looking at the issue of the adoption of blockchain based technologies from a generational perspective is flawed.
Few millennials have a longer term financial perspective, even fewer have ideas about the potential impact of these technologies on their future daily lives. But this is not a feature specific to this cohort alone.
Most people, whatever their age, are only interested in stability, quick gains and comfort.
Neither NOSTR or bitcoin offer an adequate response to these expectations.
GM
#peggedsaga #peggedprotocol #proofofluck
GM
#peggedsaga #peggedwhitepaper #lottonomics
Well, you seem to be in a very soft mood today, my friend.
🤣 whowith can one share joy with today? We seem to have collectively chosen to become #schopenhauer and #cioran addicts.
I asked an AI to analyze the possible reception of Pegged as it stands at this stage.
It responded that the main concern is "Pegged could be considererd as if it were a failed DeFi product, rather than a post-cypherpunk experiment in anti-entitlement architecture."
The answer exceeded my expectations, but it's making me more weary of the reception of Pegged by humans than by AI.
This is gibberish to me. What is foss? Something you clean your teeth with?
🤣 I remember you once told me that the worst thing about cancel culture is that it renders irony toothless against the cynicism of the power seekers.
A quote from "Pegged" catching Alias' rant on how managerialism ruins apps.
"They’re built as perpetual money machines, engineered for endless upgrades, subscriptions, and feature creep. Every update adds friction, every redesign extracts a little more. What could be simple tools become unusable labyrinths, serving investors and managers instead of users."
Pegged, act II
GM
#peggedsaga #peggedprotocol #proofofluck
The USA is the leader in the field and played it clever. USDT, USDC, you name them, are privatised CBDCs running on FED issued bills.
🤣 free speech is not equal to frank speech. I like the latter better, and I think it is still being cancelled (as it always has been)
The question wether it is morally right to make money with (saved) money will remain a tough nut to crack.
Lotteries solve that allocation and redistribution problem.
Read https://acrobat.adobe.com/id/urn:aaid:sc:EU:a48c2250-4afc-45c1-b108-a7193a8fac0a
Is the use of "zappy me" an offence liable of cancellation?
You're right as well 🤣. This all is a big show about states trying to keep control over money. I will not make a bet at this stage, but I think #PEG is in a good position to win the race 😎
JUST IN: Chairman of the SEC Paul Atkins announces "Project Crypto."
Project Crypto is meant to aid President Trump "to make America the crypto capital of the world."
#Bitcoin #BTC #UnitedStates #US #Nostr #Damus
https://video.nostr.build/54c2343b164cd458122737632e9112af893a8dd13460832b3ba191069077fcf8.mp4
The CBDC capital of the world!
When algorithmic stablecoins de-peg ...
This is not only an attack on free and frank speech. It is an attempt to control the decentralisation process enabled by blockchain technology.
Maybe, but less thoroughly. Think about Zarathustra descending to the town. He meets all kinds of herds: democrats, drunks, libertarians, hodlers, maffias, greens, religious fanatics, lasereyes, do-gooders, ... The lot. Stirner doesn't provide an overarching panorama, he still is too kind to humanity.
https://en.wikipedia.org/wiki/Royal_prerogative?wprov=sfla1
Regal functions in my mind are the last ones that will be decentralised. I doubt that they ever will be distributed.
All the rest could be handled by protocols with sufficient coherent coordination.
Provocative thinking... But I don't see the ontological coherence.
🤣 so you seem to imply that decentralisation is an forever uphill battle!
FIVE FUNDAMENTAL REASONS WHY PUBLIC BLOCKCHAINS FAIL TO DELIVER DECENTRALISATION
1. SHORTCUTTING. Centralization is cheaper and faster for coordination.
Institutions already control infrastructure, compliance, and liquidity. Public #blockchains are slow, costly to coordinate at scale, and socially fragile without shared incentives.
2. LAZINESS. Users trade sovereignty for convenience.
Most people do not want to manage private keys, verify chains, or operate nodes. They prefer custodial wallets, exchanges, and #banks—creating a natural pull toward central hubs.
3. CAPTURE. Liquidity and regulation favor big players.
Capital pools, fiat on/off ramps, and regulatory approval flow to large, centralized intermediaries. #Institutions can consolidate control where network effects and legal clarity exist.
4. CRITICAL MASS. Decentralization is hard to sustain socially.
Public blockchains distribute technical #authority but not necessarily governance or influence. Mining pools, validators, and DeFi platforms quickly accumulate power, reintroducing hierarchy.
5. HABIT MARKETING. Narrative vs. practice.
While blockchain is marketed as “trustless,” in practice, adoption has followed the familiar logic of centralizing around trusted #brands and scalable #custodians.
This doesn't look good ...
This confirms my narrative that BTC is in its centralisation phase. It is already dead as a distributed monetary system.
And ... Hyperbitcoinisating in the form of paperbitcoinisation
Pegged White Paper Abstract
We introduce Pegged, a decentralized protocol for issuing stable-denominated digital currencies through cryptographically verifiable lotteries.
Pegged does not rely on collateral, monetary policy, or governance. Instead, it distributes tokens such as €PEG or $PEG via smart contract–enforced draws, where winners are selected by secure randomness and outcomes are final.
This architecture replaces managerial control with structural neutrality. It makes no attempt to define merit, optimize allocation, or adjust to behavior. Users enter draws voluntarily. Each draw is self-contained. There is no treasury, no upgrade path, and no central authority.
The protocol’s economic foundation is the Pay Out Ratio (POR)—the percentage of total inlay returned to winners after protocol friction. POR reflects how much participants are willing to pay for redistributive opportunity. It serves as both price signal and valuation anchor.
Over time, it allows tokens like €PEG to converge toward credible, behaviordriven stability. Unlike most monetary systems Pegged does not pursue dominance or exclusivity. It blends into existing and evolving monetary environments, adding additional stability opportunity.
Pegged does not simulate fairness. It enforces it through indifferent neutrality. It offers no incentive other than access, and no narrative beyond the draw.
It is not a theory of justice. It is a working mechanism for redistribution— irreversible, minimal, and open.
Read the full text
https://acrobat.adobe.com/id/urn:aaid:sc:EU:a48c2250-4afc-45c1-b108-a7193a8fac0a
So a lot of people seem to have the hope that Trump will pardon the Samourai Wallet developers.
While waiting for the Storm verdict, I took some time to read through the White House Digital Asset Report to see what this administration thinks of financial privacy, and my guys - if you still believe that the Trump WH is in *any* capacity friendly to these undertakings, you are in for a very rude awakening.
nostr:nevent1qqs8l0xmfnwuce7unyqyk2wtlpps0pq8p2wdyj9s9c4ajawgh35z7csfxfmx2
Effectively, the White House urges FinCEN to deem *all* privacy measures in digital assets a “primary money laundering concern” under the PATRIOT Act.
This includes:
-> single use addresses, wallets and accounts
-> swapping between networks & chains
-> mixers, obviously
-> “pooling” or “aggregating” cryptocurrencies from multiple wallets
Many will now say: oh, but there’s so much good language in the report as well, like the protection of self-custody.
That’s true, but the protection of self-custody is contingent on the *lawful exchange* of assets between users.
That’s why the White House additionally urges Congress to *expand the PATRIOT Act* and *amend the BSA to cover “DeFi” services*.
To ensure compliance in “DeFi,” the White House suggests the implementation of digital identities, that would tie all of your transaction history to your name, so that “DeFi” services have the power to approve transactions.
Even when implemented with ZKProofs, as the White House suggests, this would effectively turn a permissionless system into a permissioned one.
I know we live in the age of celebrating all the Bitcoin wins, but sometimes things that glitter are just a massive pile of shit, my dudes.
Naive bitcoiners who still believe that hyperbitcoinisation rhymes with decentralisation are in for a big surprise.
Read the Pegged White Paper for an alternative.
GM
#peggedsaga #hope #ambition #greed
He stopped you to tell you are a little what?
Do you you feel so entitled by your preconceted convictions supported by your larp army that you could challenge me?
Not necessarily permissioned, but taxed.
This makes the valuating CRCL a bit like determining the sex of the angels.
I am nearly finished writing the first draft of the "Pegged White paper". This a key component of my thriller.
If you feel like being a beta reader, please let me know. I am not looking for special skills. Any input would be welcome as the goal is to make the paper as clear as possible to all.
Thanks, have a good day.
That's interesting. But I don't really understand, why a copy? IS it not all the data? Why would that be required?
The idea is poetically interesting though. Imagine everyone having access to the conversation of humankind ...
You're right. Fiat is legal, not fair.
Full control?
GM
#bitcoin #btc #paperbitcoinisation