What does $P_c (\vec{x})_c = \vec{x}$ mean in plain english?

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Based on a 3 Blue 1 Brown explanation, a matrix of x (ie. $P_c \vec{x}$) , where $P_c = \begin{bmatrix} 2 & -1\\ 1 & 1 \end{bmatrix}$ and $\vec{x} = \begin{bmatrix} 1\\ 2 \end{bmatrix}$, it does two things:

  1. Geometrically: it allows us to transform our grid into someone else's grid(In this example someone = Jennifer).

  2. Numerically: it transforms Jennifer's language into our language. Meaning, exact same vector but, written like how we(in the standard basis) will write them.

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My question is, is that logic correct, and can that same logic apply if we sub $\vec{x}$ with $(\vec{x})_c$ like so: $P_c (\vec{x})_c = \vec{x}$?