GM #peggedsaga #peggedprotocol #proofofluck

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 ...

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

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GM #peggedsaga #hope #ambition #greed

Why do people play lotteries—even when they know they’ll lose? Because it’s the only door left open. Pegged builds on this logic to create stable money from luck, not control. It’s weird. It’s simple. It might work. Read the white paper:

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Any feedback is welcome. #peggedsaga #stablecoin #lottery

GM #peggedsaga #pegged #peggedprotocol

No KYC. No gatekeepers. No permission. Pegged lets anyone enter draws for stable currency—on equal footing. It’s crypto that works in the margins: minimal, transparent, and irreversible. Read the white paper:

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Any feedback is welcome. #peggedsaga #stablecoin #lottery

GM #peggedsaga #pegged #anonymity

What if money was no longer earned, but drawn? Pegged turns randomness into redistribution. No stake, no story, no governance. It’s not a utopia. It’s a mechanism. Read the white paper that shows how structural indifference might be the fairest system yet. Any feedback is welcome.

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#peggedsaga #stablecoin #cbdc

GM #peggedsaga #pegged #stablecoin