RockStable Token Inc

04/08/2026

04/06/2026

"The Philippines government must promptly and thoroughly investigate the harassment of the Philippine Center for Investigative Journalism by the Chinese embassy in Manila, which constitutes an act of transnational repression and information suppression. The government’s response must address both the personal safety of those targeted and the right of the PCIJ and others to conduct investigative journalism freely and without fear of reprisal.

"The Philippines government must recognise those attacks are not isolated cases but rather part of a broader pattern of intimidation and information manipulation perpetrated by the Chinese state against Philippines journalists. Its response, including through diplomatic channels, must address the wider chilling effect on freedom of expression caused by such harassment.

"We further call on Meta and other platforms to consider expanding their existing corporate human rights policies to include distinct acknowledgment of and provisions for digital transnational repression, and in the meantime to ensure equal enforcement of their inauthentic behaviour and harassment policies."

ARTICLE 19 is alarmed by a recent smear campaign carried out by the Chinese embassy in the Philippines targeting a journalism outlet.

02/16/2026

Announcement:

We have shut down sendroks.com and the ROKS wallet is no longer supported.

We are about to introduce a new kind of stablecoin called IRMA.

IRMA stands for Inflation Resistant Medium of Account.

More details: https://rockstable.io

12/27/2025

Should I short the US dollar?

Without giving financial advice, allow me to ask: should you?

I think we all should, and that's not financial advice.

In fact, most of us are already shorting USD.

How?

If you own a home and paying a monthly mortgage, you are shorting USD. When high inflation finally arrives, the mortgage bank loses big time, you win big time.

Allow me to explain.

If you are paying for mortgage and not paying rent, the amount you borrowed is how much you are shorting the dollar. If USD inflation suddenly goes out of control, your mortgage can be a net positive for you.

Let's say your mortgage interest is at 4.5%, which maybe higher than what you're paying now. If / when inflation goes up to 5%, you should be whistling a tune on your way back home on that day because this means you are no longer paying interest. You are in fact earning 0.5% and the bank is losing about the same.

Inflation is at 2.7% right now, according to the government. Truflation says it's actually 2.27% today, with a gradual trend upwards.

This is huge, mortgage-paying people! We should all be happy.

Sure, grocery prices are going up. But gas fuel prices have been coming down. USD inflation is still under control and high prices are not prevalent, yet.

Is there another way you can fight inflation? Yes, in crypto-land.

No, I don't mean buying Bitcoin nor Ethereum nor Solana.

I mean buying "flat" stablecoins, stablecoins that don't inflate with USD.

You see, the most popular stablecoins today all inflate with USD. USDT, USDC, PYUSD, even USDe are inflating with USD.

There are stablecoins that don't inflate with USD, and you may not have heard of them:
FPI, USDI, NUON, SPOT, and IRMA.

Be aware of the risks and always DYOR (do your own research).

FPI website: https://frax.finance
USDI: https://www.usdicoin.com
NUON: https://nuon.fi
SPOT: https://spot.cash
IRMA: https://rockstable.io

These have different inflation resistant mechanisms. Study each one and let me know which one makes the best sense to you.

Rock Stable is a stablecoin issuer and we've been in the business since 2018, years before PayPal released PYUSD. We are highly opinionated about money and stablecoins in particular.

10/09/2025

Rock Stable has joined the CypherPunk Hackathon for Solana. Here's our second week report. Join us in x.com to keep abreast of what's going on.

https://lnkd.in/gvF5avgX

09/17/2025

Lessons on the theory of money:
𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 and value trust transference.

The cacophony of emerging cryptocurrencies has taught us valuable lessons. As promised, I'm back for week two of lessons on the theory of money, and this week I'd like to discuss what stablecoins can teach us about money.

As covered last week, money gains value through network effects. Private issue currency creates its own network through distribution, rising and sinking in value in response to fluctuations in interest and demand.

Bitcoin started with zero distribution and zero value while meme tokens can start with significant distribution and zero value. Bitcoin gained value by slowly widening distribution, while some meme tokens gained value by the issuer accepting it as payment and burning the tokens returned as payment, thereby slowly reducing the quantity in circulation. Reducing the quantity in circulation also gradually increases the value of the meme token.

However, networks take time to establish themselves meaningfully. Stablecoins circumvent this risk by starting with a definite value derived from a pre-existing, established currency like the USD.

As can be observed in all markets (DEX and CEX) worldwide, stablecoin velocities are among the fastest of any cryptocurrency so far. In other words, in any given length of time, stablecoins change hands more frequently than any other kind of cryptocurrency, in any exchange.

When you mint a stablecoin, what you're doing is basically transferring your trust in USD to trust in the stablecoin. In your mind, the stablecoin substitutes for the dollar, and that is indeed the case. By such substitution, you are able to do transactions in the crypto world. I call this transfer of trust the "value trust transference".

Thinking in the macro scale, this value trust transference occurs in the aggregate also - we can have a large number of people trust stablecoins, and for all intents and purposes, there's no difference between the stablecoins and USD itself, except that stablecoins can be used in the blockchain while USD cannot.

In fact, we can imagine the USD infrastructure to be suddenly gone, and stablecoins would continue to be recognized and accepted as having value. If you doubt this statement, just think back to Bitcoin and meme tokens - how do these have value?

Value trust transference has occurred several times in the past: when the world switched from metals to paper money, and then from paper money to bank database money. The value in gold is still universally recognized, but it does not circulate as much as computer-tracked USD anymore. In other words, for convenience, we have transferred our value trust in gold to computer-counted money.

What we can learn from stablecoins is that, to have immediate value and gain network effects at the same time, a stablecoin must reference another currency that already has value in terms of wide distribution and usage.

Next week: stability and legitimacy.

08/31/2025

If you read F.A. Hayek, you will find that he was probably the only economist that strongly advised against the Euro. It's another government fiat money and, like other government fiat moneys, it's destined to inflate one day. Well, as it turns out, it's not just the USD but also the Euro that's having problems right now.

F.A. Hayek's book "The Denationalisation of Money" goes beyond his exhortation to Europe not to start the Euro. His argument is precisely that - that money issued by government exclusively (monopolistic money issue) is THE problem. What he suggested was the abandonment of the Euro AND allowing each country to accept another's currency in that country's commerce. If these two were allowed, then Europe would have been the first to experiment with competing currencies within each jurisdiction.

Monopolistic money issuance is only one part of the problem. The other part is the government itself and its incentives. Yes, the stated objectives of the Fed (for example) are to keep people employed and at the same time keep inflation low. These are both noble objectives; but without competition, there are really no limits to how much the Fed can inflate USD; while the politicians can blame it on something else. This is not just about USD - the same holds for the Euro, the Yen, the Yuan (Renminbi), etc.

Of course, Europe did not listen to Hayek and we now witness the Euro. It was not intellectually and politically acceptable for Europeans to allow several currencies to compete in each country.

But now we have crypto.

Crypto has allowed the kind of competition that F.A. Hayek envisioned. What we have now is competition not only among government fiat moneys, but also moneys issued by private entities.

This private issuance of moneys has been good to the world. Bitcoin (BTC) was the first entry in this competition. It has a bad "monetary policy" which is highly deflationary, so even though its network effect keeps on growing, its price also has been trending upwards. Nobody is really using it as money even in crypto exchanges, where it has the lowest velocity.

There are now hundreds of thousands of entries just like BTC in the worldwide (borderless) competition for best money, until USDT came out in 2014. When the USDT crypto token was introduced, its velocity exceeded that of every other token, including BTC.

Meme tokens are teaching us a lot about inflation. One big lesson I see is the other side of the BTC phenomenon: an extremely inflationary policy can debase a currency; but this policy CAN be reversed, and some meme tokens have shown us that it is possible to revive currencies simply by deflation (even after severe inflation).

Meme tokens are also not being used as currency, of course. These are highly speculative, but still good breeding grounds for any idea that comes along.

There are all kinds of stablecoins and competitions among these are rampant. Right now the kind of stablecoins that's winning are those backed directly with USD.

Among USD--backed tokens, one stands out as different from the rest. It's called IRMA.

IRMA stands for Inflation Resistant Medium of Account.

More on IRMA in my next posts.

07/26/2025

While I agree that Bitcoin has been a good investment and will continue to be for the foreseeable future, it is clearly not money. It is not money because everyone buys it to keep, not to spend.

What is money? Money is something like USD, the currency with the largest network effects in the world. Sure, it is inflationary. Its issuer always aims to keep USD inflation under control (under 2%). I am not saying that only the government can issue money. Far from it. Just so happens that the currency with the largest network effects right now is government-issued money.

However, like Hayek ("Denationalisation of Money": https://lnkd.in/g3yy7Q3x), I believe that money is much better managed by competing private issuers. All current cryptocurrencies are an attempt at private issuance of money, and competition has proven to be good.

The best kind of money is yet to come. We have seen the success of stablecoins. This kind of money can compete with government money.

How can stablecoins compete with government money when it is all based on government money? Govt-issued money tends to inflate because governments are a poor manager of money. We need better stablecoins.

06/20/2025

Opening up this idea of an Inflation Resistant Medium of Account (IRMA) for constructive criticism, discussion, or just plain discovery of errors. The lite paper ends with

Summary of IRMA Features
• Inflation-resistant
• Backed by several dominant stablecoins - making IRMA universally exchangeable
• Run-proof across all backings

https://lnkd.in/gtrmKsKN