ITO ALWAYS APPEALS TO LOGIC

And, above all, to the right kind of logic😂. Because this is the home of the right kind of Logic.

I recommend reading this text, just as I recommend reading all the others. You will get a REAL degree in economics and finance, for free, without paying pointless tuition fees, without paying rent, without buying books that say absolutely nothing, and without having to listen to puppets who, at best, are ignorant and, at worst, complicit😂.

Today I am answering an important question. A question that is just as important as it is completely incomprehensible to most people😂.

The question is this: why, given that the GENIUS Act talks about stablecoins and links them to US debt, does Ito not believe that stablecoins will be the true engine and driving force of the crypto sector, and instead places greater faith in coins with different characteristics (whether they are PoW, above all, or PoS, to a lesser extent)?

I will start with two premises.

1. What is a stablecoin?

According to the indecent😂 and unworthy definition provided by ChatGPT (I wonder whether one day people will understand that information produced by artificial sludge should be taken with a grain of salt):

“A stablecoin is a cryptocurrency designed to maintain a stable value over time, because its price is pegged to an asset in the real world, such as a fiat currency (the dollar or the euro).”

When someone tells me that the euro or the dollar are stable currencies, I obviously laugh my ass off.

So I will offer a definition that is closer to actual reality, rather than the illusory reality people cling to every second😂:

“A stablecoin is a cryptocurrency created by a private financial institution and designed to maintain a value pegged to fiat shitcoins.”

2. What is the GENIUS Act?

The law, passed in July ’25, requires that, when you want to buy crypto (whether PoW, PoS or stablecoins), in the exchange (a bank exchanging crypto for stablecoins and therefore for dollars), the bank must hold dollars as backing, using those dollars to purchase US debt.

Brilliant. A masterstroke.

Today, nobody wants US debt. That is why the interest rate is so high.

For this to happen... I say it and I repeat it... SOMETHING BIG MUST HAPPEN IN THE REAL WORLD, because, as of today, nobody is buying US debt (otherwise the interest rate would be much lower).

With that premise established — which I copied from another one of my texts, because consistency is a quality of this house (and therefore I can afford to copy things written long ago because time does not change them😂), along with modesty😂 — let us return to today’s question.

There are three major reasons why stablecoins should be regarded only as a means of passage and not as a store of value.

1. They are crypto assets issued by a centralized entity that has the ability to freeze funds, providing justifications that are often rather questionable.

2. They are crypto assets issued without any underlying asset, without energy, without the solving of any algorithm governing their production.

As I said above, they are also pegged to the value of the dollar or the euro: two currencies that are less banana-like than the Argentine peso and the Venezuelan bolívar, but no less banana-like for that😂.

3. And then there is the third reason, the most important one, and the most complicated to understand — even for those who actually want to understand.

This transition to the crypto-dollar has as its primary objective the liquefaction of debt (if you do not understand this point, you cannot understand much of what follows).

To liquefy debt, you need to DIVIDE by numbers greater than one.

If stablecoins are pegged to the dollar, there is no division because, precisely, their value is tied to the dollar. You are simply moving from one dollar to a digital dollar. There is no change in the number. It is simply a technological change.

The GENIUS Act’s primary objective is to make people buy US debt through a change in the unit of measurement.

Because changing the unit of measurement liquefies the value of fiat currencies — that is, the “old” currencies, the ones that have been screwed by excessive issuance.

To give an example that even a complete idiot could understand... if I want to buy XRP, and XRP is worth 4 USDT, I have to give 4 USDT (the most famous stablecoin), which means I have to give 4 dollars.

In other words, 4 to 1.

And that, already, is liquefaction.

Obviously, XRP is just an example I chose because it is well known, not because I particularly like it.

In this way, we support the debt, but not in dollars; rather, we support it through crypto assets characterized by ratios more favorable than the 1-to-1 exchange rate I mentioned above.

This is the change in the unit of measurement I have always been talking about.

A scam (fiat money) that ends with an epic scam (the GENIUS Act and crypto).

Long text, magical text, complicated text.

But if you have studied — or, in most cases, claim to have studied😂 — bullshit for years... you can certainly “waste” two hours reading it and actually understanding it.

That’s all from the House of Logic.