6-3b2.3 Dollar is state network for payment

Bitcoin is decentralized peer-to-peer digital payments network
Ethereum is smart contract and dapp platform that goes far beyond just a payments network and even money altogether
https://docs.base.org/base-camp/docs/introduction-to-ethereum/intro-to-ethereum-vid

6-3a2 How you have something can (and will) matter more than what (you think) you have (e.g., DEX vs CEX - DEX will counter Maximalists movement)

• It can’t do away with the politics

  • Or maybe it cancontingency
    • 11-3 資本主義が自慢する「合理性」には、必ずや「ゆらぎ」「欠陥」「誤謬」「たまたま」が巣くっている
      • 11-3a Explanation of equity market requires knowing about other parts of market. Explanation of market in general requires knowing about non-market bits.
        • 2-1d ‘Ecosystem’ & ‘Thermodynamics’ & ‘Double-entry bookkeeping’ - Everything is connected, there is no free lunch

• FDR can de-platform sister networks as well (BoJ, Canadian)

  • I.e., remote kill button (6-3b2.4 Decentralization is security)
    • 1-2g2s7c Very unlikely event certainly happens somewhere in the multiverse
      • 5-1b1a2c1 Principles are meta-contingency. Whatever can happen can happen regardless of how.
        • Remember how Hitler came to power because the law allowed it!
  • Which US physically did push with Middle East
    • But 10-1a3a The US doesn’t want you to remember what happened recently (4-1a4b2b1 ‘One-of-those’ over one-off - Learn from history (not just from your ‘own’ experience) + [Importance of having single standard]develop)
      • Only BLM gets attention
      • “Illegal” invasion of Iraq and Ukraine
  • Non-sister networks:
    • 6-3b2.7 International Intermediate (e.g., Indian network) vs Chinese state (2040s)
      • Chinese digital yuan
      • Indian Rupee
        • 6-3b2.5 India (or any other country-company-community) can act as the tech-media superpower of de-Americanization-dollarization movement
    • 12-1a2b Crypto is the new ‘nation’ that can take over the US, 12-1a2a Crypto is network-ideological movement and doesn’t differentiate Chinese and Americans
      • Bitcoin
      • Ethereum

• Most Americans and people overseas are hit by inflation and unlikely to be enthusiastic for the stability and supremacy of the dollar

• US is the exporter of US dollar

  • Factory is in China
    • 6-3b2.6 China is the manufacturing superpower
  • Supply-chain is outside
    • That’s where the real world is
  • 無知な金持ちが搾り取られているようなもの
  • Inherited vs Founder
    • 7-1d2a2 Founders must be legitimate and competent. Pay attention to the selection mechanism, and be aware if otherwise.
      • US is like CEO, but unnecessary one
        • 2-1a0c1h Small countries (or any community) must be convincing. Presidents and mayors must act like CEOs and turn their communities into startup countries-counties.
  • Abundance-arrogant-infinity mindset
  • 7-1a4a1 Wealth created ≠ the P&L of a business. Remember - you get what you measure. 3-1a4b4a Financial cycles ≠ Product cycles.
    • US has only financial wealth
    • China has real wealth

• The US social security is a Ponzi scheme

  • It can divide the young and the old
  • Don’t assume long-term contracts will be honored
    • 6-3b2.3a Credit is not money