Confidential Information Memorandum Subject: Governance Structure of the Pegged System Author: Alias Audience: Selected team members and future DAO participants 1. Executive SummaryThe Pegged System is a decentralized financial mechanism composed of a synthetic stablecoin ($PEG), a globally accessible lottery framework, and a non-meritocratic governance layer (PegDAO). This memorandum outlines the principles, architecture, and boundaries of the system’s governance design, rooted in irrevocabi...

Date: May 17, 2025Status UpdateThe Pegged Saga writing project remains on track, entering the high-stakes phase of Act 3 serialization. Scene B1A3S10 v.2 was published April 30, marking the formal beginning of the Act 3 confrontation arc. Scene 74 has been released on paragraph.xyz/@pegged, bringing the total to 74 public scenes. The Pegged universe is now live and reactive—reader interaction is becoming part of the unfolding meta-narrative.Narrative ProgressPrologueComplete. Establishes Ava’...

The handwriting was his usual: sharp, angular, efficient. The title was underlined twice, in pencil. LOTTONOMICS (Alias' working notes) "Lotteries are not games of chance, they are systems of allocation without mediation. Their efficiency lies not in hope, but in their capacity to bypass negotiation, hierarchy, and bargaining. They eliminate the costs of decision-making. No adjudicator, no appeals, no lobbying. They unmask the farce of meritocracy." Alias had double underlined that line. "In ...

Dear readers, First, thank you. Your attention, your curiosity, and your provocations have meant more to me than you know. Pegged is not a project—it’s a reckoning, and you're part of it. Over the coming weeks, I’ll be working on Act 3 of the story. This is the moment the mask comes off. The moment the forces that oppose the system no longer pretend to tolerate it. As Alias once warned me: "A system like Pegged does not fail. It gets killed." And so the question becomes—how does Steenberg kil...

He didn’t blink. Three terminals lit up in front of him, each running a hardened local node. There was no internet yet. No Bluetooth. No Wi-Fi. Each machine operated in complete isolation, like sentries awaiting a synchronized signal. Chang adjusted his gloves. Latex, then leather. Not a single fingerprint today. He ran through the checklist in his mind.Lottery core – compiled and sealed.Payout module – randomized, tested, memory-hardened.PegStable oracle interfaces – spoof-proof.DAO voting c...

Ava did not vanish. The system tried to make her irrelevant—politely, algorithmically. But Ava understood erasure as a tactic, not fate. She did not panic. She documented. When her payment systems faltered, she annotated the timestamps. When her invitations were withdrawn, she preserved the headers. When her access to institutional networks began to degrade, she mapped the patterns. It was not that the world had forgotten her. It was that it had been instructed to look away. --- She had publi...

The draw in Dakar failed to load. The screen blinked once, then froze. The boy waiting for it didn’t say anything. He folded the slip of paper into his pocket and walked home. In Buenos Aires, PEG had lost seven percent over the week. Some vendors still accepted it out of habit or principle, but most hedged immediately. It had become a currency of uncertainty—still circulating, still alive, but not believed in. In a roadside school in Uganda, the Raspberry Pi node that once ran weekly lottery...

Madrid – Journalist Briefing "Anonymous crypto-anarchists engineered a self-sustaining stablecoin designed to bypass state control." "The DAO behind the system has collapsed. Law enforcement is still pursuing key figures." The feed freezes. In the comments, someone writes: “What if they wanted it to collapse?”Buenos Aires – Market Scene A vendor takes $PEG for empanadas. He shrugs. “It’s just money, no?” Later that night, the same vendor is questioned. He says he was “only using what works.” ...

Tangier A man matching Alias’s description was seen drinking mint tea near the port. He wore a green scarf and wire-frame glasses. He paid in cash, tipped in silence, and vanished before anyone could ask a question. Two hours later, the same man was reported in Oslo.Montevideo An address linked to a dormant academic publishing account posted a new file titled Fragments on Finality. It contained seven aphorisms, each referencing non-custodial timekeeping, Babylonian number theory, and Borges. ...

Status Update The serialised publication of Act 3 is coming to a conclusion. Two more scenes to be released. The objective to release a fully edited draft version by September is on schedule. Narrative Progress Prologue:Finalized, anchoring Ava and Alias in emotional isolation and philosophical paradox.Act 1:Fully structured (15 scenes), 12 scenes complete.Team introduced in isolation; foundational themes established: irrevocability, lotteries, governance as risk.Act 2:Structure locked.Drafti...

The apartment was not hers. It belonged to a friend of a friend who hadn’t asked questions. It was too central. Too visible. She’d only planned to stay two nights. This was the third. Ava sat at the table, scrolling through her NOSTR feed. Half her posts from the past week were gone. Not deleted—scrubbed. Removed from indexing, orphaned from their relays. Her account still existed. It was just... dimmer. She ran a query on @dao_meta. Shadowbanned. Another name in a long list. She moved to her...

The room was smaller than the one in Basel. No map. No projection. Just a plain table, a steel carafe of coffee, and four men who would never appear in any document together. Steenberg sat at the head. His tie was off. His tone was unchanged.“Disrupt hasn’t failed,” he said. “It’s simply found its limits.”Across from him, the man with the slicked-back hair—older, leaner, expensive suit creased at the cuffs—said nothing. He hadn’t moved since sitting down. Another man, younger, tapped an encry...