Very interesting topic. The ultimate problem, as you know, is that maintaining a peg can be very difficult. That's because a peg is basically an artificial rate of exchange that carries a very real cost to maintain. Such an artificial construct is very vulnerable once speculators sniff weakness and turn against it. Also, as you said, it is impossible to know if self reported balance sheets showing reserves are real or fantasy. As the crypto market matures we will likely reach a point where certified public accountants will have to get involved to audit financial statements and lend credibility to these type of financial reports. Nice video. Incredible backdrop.