Row 25880

Row ID: 25880 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 25880 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

1) Divisible - many have already provided the pizza analogy.

2) Bitcoin is already expensive such that many people cannot afford a whole coin. But it’s divisible so you can buy a fraction. The fact that it’s divisible doesn’t change the total ownership. If you own one btc you own 1/21m of total supply. That’s the same as 10/210m or 100/2.1bn so on.

3) it has no use - ask any refugee how much they would pay to have the privilege of memorising their wealth and flee their war torn country. Bitcoin has plenty of uses, perhaps less so in developed countries. But since it’s a global money, its uses in Africa would drive price up in the States just the same.

4) not backed by anything - he needs to understand money. It’s tricky. I bet most of us didn’t understand it until bitcoin came along. The question to ask is: gold has been the hardest money for thousands of years, what backed gold? It’s not any gov or entity or legislation that’s for sure. It’s a certain set of qualities that makes gold a good money. Now bitcoin beats gold on almost every one of those qualities.

5) it’s not real - I assume he means it’s not tangible. You can’t hold it in hand or touch it and feel it like a coin. Tell him it is the digital era now, many things we use everyday are no longer physical and tangible. When was the last time he bought a physical street map? A real photo album in a book format? When was the last time he developed a roll of film and print the pictures out? Most people no longer do these things and instead it’s the digital version of these things took place. The same will happen to money. It already has. Vast majority of our US dollars, Euro, yen etc is already digital. They aren’t tangible. Bitcoin is just taking one step further removing the human decision and corruption - a better money than any money we know of.

FieldValue
text 1) Divisible - many have already provided the pizza analogy. 2) Bitcoin is already expensive such that many people cannot afford a whole coin. But it’s divisible so you can buy a fraction. The fact that it’s divisible doesn’t change the total ownership. If you own one btc you own 1/21m of total supply. That’s the same as 10/210m or 100/2.1bn so on. 3) it has no use - ask any refugee how much they would pay to have the privilege of memorising their wealth and flee their war torn country. Bitc…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9Tdm9BR0o0eGl4TFg3WXlwS2xDdXhKZlVkVWRwX2F3cDNaYlFzQU9FbHVjb2l6Y1ByQmdGR3pybGFuaFFnN0dZcWJvZVdGVVA0ZlVpNnMxMVJRdm9mUGtycG9xeXFiXzJFeU9ONHZpZy1aQWQ2YnBoX0RzLUdlYUtYNENVUHZiTTFfR1FaeUFjMlkzZ0hWUnRkTFFJYVRRT29iZ3FpZzNIQ044Q1RQX3VYX2hiM0gxQ2tBRF9pRGptekZpQkRyUEZhRGFybUdTeHZlTWJ2Y3NtWDNFd2pMZz09

Raw Record

{
  "text": "1) Divisible - many have already provided the pizza analogy. \n\n2) Bitcoin is already expensive such that many people cannot afford a whole coin. But it’s divisible so you can buy a fraction. The fact that it’s divisible doesn’t change the total ownership. If you own one btc you own 1/21m of total supply. That’s the same as 10/210m or 100/2.1bn so on. \n\n3) it has no use - ask any refugee how much they would pay to have the privilege of memorising their wealth and flee their war torn country. Bitcoin has plenty of uses, perhaps less so in developed countries. But since it’s a global money, its uses in Africa would drive price up in the States just the same. \n\n4) not backed by anything - he needs to understand money. It’s tricky. I bet most of us didn’t understand it until bitcoin came along. The question to ask is: gold has been the hardest money for thousands of years, what backed gold? It’s not any gov or entity or legislation that’s for sure. It’s a certain set of qualities that makes gold a good money. Now bitcoin beats gold on almost every one of those qualities. \n\n5) it’s not real - I assume he means it’s not tangible. You can’t hold it in hand or touch it and feel it like a coin. Tell him it is the digital era now, many things we use everyday are no longer physical and tangible. When was the last time he bought a physical street map? A real photo album in a book format? When was the last time he developed a roll of film and print the pictures out? Most people no longer do these things and instead it’s the digital version of these things took place. The same will happen to money. It already has. Vast majority of our US dollars, Euro, yen etc is already digital. They aren’t tangible. Bitcoin is just taking one step further removing the human decision and corruption - a better money than any money we know of.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1ET0N2Z2xxMEZUMU1OS1Uzd21lTlVDd0xrbW1WbERZSkFMOVdYRndmTHJGZE4ydUp2TWNsbnRYdU5jSF9VV0otS3UxRVU2VlNCU3dMWmt5Z0VPOEhub1FlQ0tHbTFyWWpJdUlfcXU1U0hMQjg9",
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}
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