Row 1594

Row ID: 1594 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 1594 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

No, I don't play online poker. "The underlying value" is not really a term that makes sense. The "value" of money for instance always is in flux, even gold or silver, to say that it has some underlying value appears to mean something immutable about money , but that isn't the case. I am not projecting either.

People like to give some mystical value to money and it's just not as complicated as all that.

Money is simply a medium of exchange that both parties agree to, in that setting, value is subjective depending on either or both parties particular viewpoints, goals and experience, which is why negotiation happens.

To suggest that there must be something underlying money is a myth. The federal reserve notes are simply backed by the full faith and credit of the US, but to many people they don't have faith in us or really know what to make of the US's "credit", still use it. A person who actively believes that there is no faithfulness to be had by the US and does not believe that a dollar is officially "backed" by anything will still offer prefer it.

It is preferred, simply because it is preferred by those they wish to purchase goods or services from. Getting technical and splitting hairs about terminology does nothing to change the facts on the ground.

Usually the argument about backing comes from gold or bitcoin enthusiasts, and it would be great if there was some physical good actually backing money, it would likely protect it against inflation, but if you want to insinuate that money must be backed? it's just a poor argument. Go try to pay for your groceries at Walmart with a 1/10th Oz gold coin minted by the US Mint and see how far that gets you. It's not money because it's not mutually agreed to.

FieldValue
text No, I don't play online poker. "The underlying value" is not really a term that makes sense. The "value" of money for instance always is in flux, even gold or silver, to say that it has some underlying value appears to mean something immutable about money , but that isn't the case. I am not projecting either. People like to give some mystical value to money and it's just not as complicated as all that. Money is simply a medium of exchange that both parties agree to, in that setting, value i…
label r/deepstate
dataType comment
communityName r/deepstate
datetime 2022-12-30
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url_encoded Z0FBQUFBQm5Lak9Ea05aVnVyc3J0SWZVeDhfc3NVdGY5bWxtdkZCdDRuNlpCMms2Wjh6RGE3RmpTeHZPZ1J6dXRuVXVrZGVhemRheDhJZTZtTmVNcUdibVlHQVdLMk0tT0tVakYyREN6azVUVzc4LVVrRk41RWVJWjFxSS1qQTJNRjJQMHBYSDMwS3ppVEw2T1Z1TVJMbzhnYUpVRkpiRXE3WkpTNEo1TjdZeVhFU2hsZml0cUV4Mm9lRERzQ3lYWW5DWnllalQ2N2FP

Raw Record

{
  "text": "No, I don't play online poker. \"The underlying value\" is not really a term that makes sense. The \"value\" of money for instance always is in flux, even gold or silver, to say that it has some underlying value appears to mean something immutable about money , but that isn't the case.  I am not projecting either. \n\nPeople like to give some mystical value to money and it's just not as complicated as all that. \n\nMoney is simply a medium of exchange that both parties agree to, in that setting, value is subjective depending on either or both parties particular viewpoints, goals and experience, which is why negotiation happens. \n\nTo suggest that there must be something underlying money is a myth.  The federal reserve notes are simply backed by the full faith and credit of the US, but to many people they don't have faith in us or really know what to make of the US's \"credit\", still use it.  A person who actively believes that there is no faithfulness to be had by the US and does not believe that a dollar is officially \"backed\" by anything will still offer prefer it.\n\nIt is preferred, simply because it is preferred by those they wish to purchase goods or services from. Getting technical and splitting hairs about terminology does nothing to change the facts on the ground. \n\nUsually the argument about backing comes from gold or bitcoin enthusiasts, and it would be great if there was some physical good actually backing money, it would likely protect it against inflation, but if you want to insinuate that money must be backed? it's just a poor argument. Go try to pay for your groceries at Walmart with a 1/10th Oz gold coin minted by the US Mint and see how far that gets you. It's not money because it's not mutually agreed to.",
  "label": "r/deepstate",
  "dataType": "comment",
  "communityName": "r/deepstate",
  "datetime": "2022-12-30",
  "username_encoded": "Z0FBQUFBQm5LakwwcklaaGN4RWZPcVQwN3liTmoyX1BZRnRlYWZWV1lXRkxuZWRiZ01UbWNtVzRIRkhwMEhzMDF2X3hNUnRIdWRYQk12bjFxSF9zMFlLSjQ1MnlHNkJLT0E9PQ==",
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}
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