Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
I don't believe this is true. A government (or any other entity) cannot maintain a peg indefinitely unless they have a indefinite amount of resources with which to do it (and no, money printing doesn't count 
).
). Panamá and Hong Kong have their currencies pegged to the USD for decades now, don't they?
AFAIK, all cases of failed pegged currencies were in situations where the money issuers also attempted to use money creation to manipulate interest rates (or any other price). As long as it only creates and destroy currency with the goal of keeping a parity price with a foreign currency, I fail to see what's the great danger.