Yeah, ask. The decision was entirely political, not technical. The French should have known better than to try to sell military hardware to Anglo nations who are probably tied to each other by various secret agreements. If anything it could very well have been leverage the Aussie gov played to get the US to sell them advanced subs.
Digital Yuan
- Thread starter VicBee
- Start date
Ok. Since you are using an energy frame, now replace "Tesla" with "BTC", "Elon Musk" with "Satoshi Nakamoto."
The vertical stack is "MoE, SoV, UoA" applied to the global money supply. (medium of exchange, store of value, unit of account)
Once you have the right frame, the puzzle falls into place quickly. BTC is stored value "energy" that can be transmitted p2p in a distributed, permission-less, trustless and censorship-resistent manner.
https://www.nasdaq.com/articles/a-c...pact-with-that-of-gold-and-banking-2021-05-04
thank you for making the mental transition from Tesla to BTC straight forward 
I wish it was that simple. It's difficult for me to discuss my concerns about BTC (since that seems to be the focus over all other cryptos) primarily because I understand so little about it. Instead I hear what it is meant to do or replace but remain dubious, except that huge money is committed to it and that it's slowly gaining legitimacy in the very system it is meant to revolutionize. It's also why I'm now invested in crypto (including BTC) directly and through related stocks.
It's difficult for me to discuss my concerns about BTC (since that seems to be the focus over all other cryptos) primarily because I understand so little about it. Instead I hear what it is meant to do or replace but remain dubious, except that huge money is committed to it and that it's slowly gaining legitimacy in the very system it is meant to revolutionize. It's also why I'm now invested in crypto (including BTC) directly and through related stocks.
I'm on the mindset that btc is not meant to replace the USD or any fiat currency
It will always be volatile. It is meant to be money in the same way gold is money, i.e. store of value. Gold is not used as currency for daily transactions
Sprout's post is quite loaded. It's concise but there's more to the Bitcoin system. Complexities that cannot be removed, unfortunately, and requires many hours of studies. The good news is that there is tons of material out there
It's difficult for me to discuss my concerns about BTC (since that seems to be the focus over all other cryptos) primarily because I understand so little about it. Instead I hear what it is meant to do or replace but remain dubious, except that huge money is committed to it and that it's slowly gaining legitimacy in the very system it is meant to revolutionize. It's also why I'm now invested in crypto (including BTC) directly and through related stocks.
Yeah, you're right, even with a metaphor, it's not a simple translation. It's a little easier when talking about DeFi, ETH, staking and yield bearing tokens. They can mostly map onto bonds which TradFi understands.
We did have our first fail of PlanB's S2F model, so there's that. The space, even with mainstream adoption, is still (and most likely continue) like the wild west. The amount of scams, rugpulls and malicious code is prevalent and almost seems to increase by the day.
Never-the-less, much like your "tesla moment", there is a "btc" moment and with it a conviction that turns corrections, pullbacks and even bear markets into lifetime opportunities.
BTC is just the gatekeeper. Once assimilated, then the other crypto's can be "seen" in a different light.
MemeFi is a thing, as GME, AMC, DOGE, SHIB, SAFEMOON, et al have illustrated this past year but it was the OG BTC that meme itself into a 1T MC existence.
So the main classes I use for mental models are:
TradFi - Legacy institutions, systems, platforms
Using BTC or ETH as a base, then
BTC Dominance - where is the crypto market in it's cycle
BTC/ETH - premium or discount
Major Alts - L1's
DeFi - L2's, major lending/borrowing protocols, Liquidity Pools, Staking, Yield bearing tokens
MemeFi - The "shitcoins" casino
GameFi - The f2p, p2e, transportable digital assets
SocialFi - The emergence of DAO's, governance tokens
NiftyFi - Fractionalized ownership/premium access
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I love it when you talk dirty to me
jargon is the first means of defining who is part of a group and clearly I'm not there 
but BTC and ETH check, also MATIC, XRP, HBAR, XLM, 1INCH, SOL1, ENJ, DOT1. Not sure why those, but there you are. Oh, and MARA and MSTR to round up the crypto portfolio.Ready for the moon...