Damus
Dr. Jeff profile picture
Dr. Jeff
@DrJeff
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.
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twentyone · 160w
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%.