More FIAT to bail out an underwater fiat sponge garden fire?

Which is really a government organized crime move to erode everyone's buying power even more.

Yup, Build and Back your own Stablecoin, better than ever before.

Just what we need, the ability to rapidly fill up and extract fiat out of what are an 'underwater' garden full of alt-coin fiat sponges called cryptocurrency projects, so it makes it harder to pay bills and buy groceries every week. (BTC included).

Let's start with the recent claims on Cointelegraph by ETH aficionados with bald heads and beer guts (Does Joe Lubin Qualify?)  pumping the big FAT ETH fiat sponge up as the next big safe place to stuff your fiat 'hard store of value'.

Seriously I am going to bust a gut laughin' if I keep this dialogue up with the readers, so I am going to change gears. ;)

Look anyone believing ETH is money well, good luck with that.

Hard store of Value ETH is not. Safe? Hardly. Speculator's wet dream? Sure, as long as there is transaction volume and enough political agitation to see the price yoyo up and down to trigger automated trading big buy/sell placements.

To be clear ETH is a fiat currency, part of a "Mad Money Matrix" collection made up of 'alt-coin sponges' that sop up hi risk placements pushed out there by automated trading machines,

which as we have seen using fiat everyday,  that ETH is just part of that Mad Money Matrix  which is very effective at keeping the 'haves' in control, as we the 'have nots', scramble to keep up with higher prices/inflation, while wage increases are always lagging.

ETH, like all the other alt-coins

can be pro-grammatically, VERY Fast, squeezed, moving the (rapidly eroding) fiat value stored in those sponges back into US $ stablecoins as quickly as they filled those sponges up with 'fiat value' in the first place, in order to move that fiat around to cover or deal with calls, or exploit some other opportunity.

Same goes for MOST all the alt-coins out there. (Some of the early RWA Real World Asset alt-coins do a get a pass, sort of.)

Most all alt-coins are Fiat sponges, so be careful.

WHY be careful?

One can be certain regardless  of the monetary or interest rate policy currently ruling the fiat world at the time ,  that changes in same,  will trigger the programmatic trading bots to move that fiat around.

BTC is no different. SOL, Cardano, etc, most all of them are the same.

Witness TACO Friday, October 10th, 2025. Nuff said. ;)

Sure additional value in the form of Smart Contract controlled engagement via Web Apps might add value, even main st. value into their offer. But it does not means these alt-coins are a safe haven, hard store of value, far from it. 

Be sure though, when one plays the alt-coin game,

they better be equal to the task of programming their gambling bet moves,

because that is all it is, a speculator's garden full of casino tables,

each with their own 'value offer' and these days the TVL Total Value Locked game of staking fiat liquidity behind some Web App 'value offer' run by SCs offering 'some return' now,

being increasingly driven by AI and third party market oracle information about prices (true price discovery? maybe),

with TVL being  the current  'front and center' darling of the cryptocurrency world,

where anyone paying attention can also see  DEFI loans making a comeback as well, with few exceptions.

(Because banks are making it harder to get loans for anything.)

The Wild Wild West of Alt-coins- ETH as DATs "digital asset treasuries (DATs)

Lubin does his pitch to Wall Street big money, DATs a fact! 

When in reality, nothing has changed.

Trading in Cryptocurrencies and stashing in Stablecoins, with one trying to figure out what to do next remains the wild, wild west out there in FINtech land is still 'par for the course'.

Get over leveraged and,  one will likely get shot down and,

lose a lot on some short or long position 'put' or 'call' in the alt-coin markets,

as was witnessed by all last Friday, 

play the above game on your ill equipped system and one can rest assured a 'big loss" is coming their way, especially if one is trying to engage in the markets manually from their desktop, watching screens all day.

Enter DAT (((White))) Knight on his Fiat Bloated ETH Dragon. Joe Lubin Champion of ETH!

So Lubin, like most crony capitalists of his ilk, never letting a disaster go to waste, rides in on the bloated fiat dragon called ETH to save the Wall Street Investors as the self appointed middle aged fat balding knight of DAT crypto he is. lol. 

Lubin is 'Positing his DAT Thesis for ETH no less directly at Wall Street. Lubin's got Gnads that's for sure, Brain not included.

(Is this a resurgence of Ebonics at the same time?)

'DAT ETH Thesis make me BARF.'  :)

Lubin now wants to be the Warren Buffet of ETH, well he's got the physicality but needs a rug, to go with his smug. ;)

Ok Lubin will make hay, let's face it, as there truly is a sucker born every minute, especially on Wall Street.

Now let's return to sanity.

Keep in mind, it's the exact creation of a 'fiat sponge alt-coin play' aka a cryptocurrency project which actually expands the fiat money supply and erodes the average person's buying power materially every day, as their wages can't/don't keep up with rise in prices/inflation that excess glut of 'Mad Money' fiat currency growth creates.

That said, I am all for fintech innovation, but not the one's designed to erode my buying power. 

'Hard' Stores of Value are things that are physical, gold, silver, your house, your land, physical things  people value for their durability and utility.

Heck even computers and smartphones are a semi-durable and have utility, purchased with fiat ironically, to become a harder store of value than fiat itself that is not easily expanded into more fiat currency.

So in effect that hard store of value locked in your notebook or laptop, could actually be the new basis of full reserve digital money, matched to dynamic liquidity as we see in the LRT liquid re-staking tokens market space, to actually convert Layer 3 alt-coin currencies into full-reserve currencies with dynamic liquidity to deal with spiky transaction volumes.

Hmm. Maybe some wise crack/super sharp cryptocurrency developer READING THIS will actually get the above one day?

Likely? Don't count on it. 

Imo, developers (and I am one of them)  are lazy beasts and stick to what they think they know.

If a few cryptocurrency developers ACTUALLY do get it, 

that is come to the conclusion such full reserve dynamic liquidity transformations (described above) will ACTUALLY extinguish fiat as we know it,

We might actually realize a world of prosperity for all, one day.

BREAKING OUT OF THE MAD MONEY MATRIX:

A CRYPTOMONEY RECIPE?

Transforming RWAs into full reserve forms of mobile digital money that move to where they are needed like LRTs (Liquid Restaking Tokens)  so as to timely serve their Web App Smart Contract(Customer) liquidity needs on request, for a fee can be 

A TRANS-FORMATIVE, WORLD CHANGING  MOVE, 

which in THEORY, could ironically will get us out of this Mad Money Matrix AND,

stop the buying power erosion theft OF the middle and working classes, in this game we call cryptocurrencies.

The above simple transformation of digital fiat into digital money,

if ever implemented,  means cryptocurrencies really transform into cryptomonies,

backed by Real World Assets 'RWAs',

where value creation by Webs running Smart Contracts offering  useful services or selling RWA products

actually creates a world of prosperity,  built on a series of  full-reserve backed service and product creation set of events, 

where the former works with LRT 'Liquid Re-staking Token' tech bound to RWAs.

OMG , lord help us if the world became sane again in this regard as a result of such a transformation!

Something useful to think about investors and developers of the cryptopshere?

Likely.

In the mean time enjoy the Lubin Comedy Show. 

TK over and out.

ps- for a deeper dive beyond LRTs "Liquid Re-staking Tokens" and more information on how RWAs "Real World Assets" fit into the concepts bove,

check out and comment on my 'WIP'  DLO 'Dynamic Liquidity Ocean' White Paper refining the above concepts here

Learn more about TACO below: (AI Assisted Brave Search output)

As of October 10, 2025, the term "TACO" was not specifically associated with a new event on that date, but the acronym "Trump Always Chickens Out" (TACO) remained a prominent label in financial and political discourse, reflecting President Donald Trump's pattern of announcing significant tariff threats only to reverse course shortly afterward. This pattern, which has been observed since May 2025 when Financial Times columnist Robert Armstrong coined the term, describes a recurring cycle where market volatility spikes after a tariff announcement and rebounds when Trump withdraws the threat. The TACO label has become a shorthand for this behavior, with investors and analysts referring to a "TACO trade" that capitalizes on the predictable market reaction to Trump's policy reversals.

• The term "TACO" originated in May 2025 when Robert Armstrong of the Financial Times used it to describe Trump's repeated pattern of making aggressive tariff announcements—such as a proposed 50% tariff on European imports or a 145% tariff on Chinese goods—only to delay or cancel them in response to market turmoil.

• The acronym gained widespread attention after Trump reacted defensively to the label during a White House press briefing, dismissing it as a "nasty question" and asserting that his actions were part of a strategic negotiation process, not a sign of weakness.

• On October 11, 2025, Trump threatened a new 100% tariff on Chinese imports, causing the S&P 500 to drop 2.7%, its worst day since April, but the market's reaction was tempered by the expectation that the threat might not be implemented, reinforcing the TACO narrative.

• The TACO label has been used to critique Trump's trade policy as inconsistent and damaging to global economic stability, with critics arguing that his repeated reversals undermine American credibility in international negotiations.