A subset of the Bitcoin community has had an allergic reaction to the concept of Digital Money being used to refer to something other than Bitcoin. I think that completely misses the point. Nothing competes with Bitcoin. 17 years into Bitcoin’s monetization, roughly 99% of the world still does not think Bitcoin is money. We’ve spent years explaining Bitcoin’s superior monetary properties, yet most people still define money as something stable, USD-denominated, and yield-bearing. That’s where people are today. Digital Credit and Digital Money, which is effectively a senior tranche of Digital Credit, do not replace Bitcoin. They meet the people who control the vast majority of the world’s wealth where they are today. Over time, many of them may come to recognize Bitcoin as the superior form of money. Until then, Bitcoin remains in its monetization phase where volatility is high and its long-term trajectory is only obvious to those with a time horizon measured in years. A senior tranche of Digital Credit that behaves like Digital Money does not compete with Bitcoin. It only accelerates hyperbitcoinization by creating a bridge between the existing financial system and Bitcoin.(Joe Burnett, MSBA)