Row 27236

Row ID: 27236 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 27236 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

When 1 satoshi = 1 dollar, the market cap of Bitcoin will be $2.1 quadrillion. Or even if 1 sat = 1 cent, but we all know that a cent is worthless and becoming more worthless by the day, that's an equivalent total supply of $21Trillion.

Let's be honest here... we ain't runnin' out of units.

Regarding that it isn't backed by anything, I don't think it is easy to fight this one because they'll say "gold is physical" and "the dollar is backed by the might of the US government".

These are not sensical arguments, they are regurgitated nonsense. Nothing is backed. In fact the dollar USED to be backed by gold which means it was just waiting to get rugged, being backed by something means it is a promissory note and promises are always worthless until you redeem them. Even if you have done it 100 times before, each new note is still a promise.

Bitcoin has never been backed by anything, it is the money.

Most people don't even know what they mean when they say that. Before engaging, be sure to figure out if your father in law is being out right dismissive. If he is playing fair, ask what being backed means and why it is important.

My guess is it is all about the double spend problem. Who or what ensures that no random guy on the street can print more for nothing?

So then maybe it feels scarier if someone else does it, but since we have appointed the Government as in charge, it is okay if they do it? Why? They'll print trillions in a year, why is that good at all? Because they do it for us? Do they though?

Would a medium that cannot be inflated or debased really be that bad? Could it be that we have been brainwashed by the people that benefit from the reallocation of wealth as inflation occurs, that inflation is good for us when it is really just good for them?

Did you know that when people say that a deflationary system would be a disaster in a debt based economy, they are explaining that every cent in existence is DEBT?!?!

I mean, our money is worse than fairground tickets.

Check out my article that tries to explain and compare bitcoin as a candidate for money as a medium: https://habla.news/a/naddr1qvzqqqr4gupzqrvhh6h9vl7we8r9wncudmmpym4fd82fjtp3nrj3crav2tzjwjs5qqxnzde3xcer2v3jxgursvfnljtn30

Field	Value
text	When 1 satoshi = 1 dollar, the market cap of Bitcoin will be $2.1 quadrillion. Or even if 1 sat = 1 cent, but we all know that a cent is worthless and becoming more worthless by the day, that's an equivalent total supply of $21Trillion. Let's be honest here... we ain't runnin' out of units. Regarding that it isn't backed by anything, I don't think it is easy to fight this one because they'll say "gold is physical" and "the dollar is backed by the might of the US government". These are not …
label	r/bitcoin
dataType	comment
communityName	r/Bitcoin
datetime	2024-05-21
username_encoded	Z0FBQUFBQm5Lak1EVzEzVzk5LTBtSmVzVmJ5QUNoWm40RDJoVWw5OGNhUEcxUkhXNFljWXpFa3VSSkV0a0N2ekJfeWpZRFM0Nld3b0NDMTVCYnVfZV9aY0RsZ2ZOc3dDd0E9PQ==
url_encoded	Z0FBQUFBQm5Lak9UdU5FeURPa2g4bW1PekJ4bGFmcXBMSzJnc2V2TnJmemU0ZXkwVmhuaS1rTzNFZGkxTFJhV2oyU2dyVEFxUVJKZkVNYThWTVU0dTdzdXVWWFFxVjAzcHhZZjBOeTJNZUF0SS1zSlZLRWx5bnlaUlUxQW9nb1hWYklwdjlpLUNkOUVPMGtzVmZiSXAxcWl1ZjNJNkhzOEhtSWF0cWVRUG1NTkJ6bGdvS2F3eFQtNnhsQkRidWxLaE5tdjJvaFdjQVhxQmdxN1RYa0pIclZCWmxHZTdGUVNxQT09

Raw Record

{
  "text": "When 1 satoshi = 1 dollar, the market cap of Bitcoin will be $2.1 quadrillion. Or even if 1 sat = 1 cent, but we all know that a cent is worthless and becoming more worthless by the day, that's an equivalent total supply of $21Trillion.\n\n\nLet's be honest here... we ain't runnin' out of units.\n\n\nRegarding that it isn't backed by anything, I don't think it is easy to fight this one because they'll say \"gold is physical\" and \"the dollar is backed by the might of the US government\".\n\n\nThese are not sensical arguments, they are regurgitated nonsense. Nothing is backed. In fact the dollar USED to be backed by gold which means it was just waiting to get rugged, being backed by something means it is a promissory note and promises are always worthless until you redeem them. Even if you have done it 100 times before, each new note is still a promise.\n\n\nBitcoin has never been backed by anything, it is the money.\n\n\nMost people don't even know what they mean when they say that. Before engaging, be sure to figure out if your father in law is being out right dismissive. If he is playing fair, ask what being backed means and why it is important.\n\n\nMy guess is it is all about the double spend problem. Who or what ensures that no random guy on the street can print more for nothing?\n\n\nSo then maybe it feels scarier if someone else does it, but since we have appointed the Government as in charge, it is okay if they do it? Why? They'll print trillions in a year, why is that good at all? Because they do it for us? Do they though?\n\n\nWould a medium that cannot be inflated or debased really be that bad? Could it be that we have been brainwashed by the people that benefit from the reallocation of wealth as inflation occurs, that inflation is good for us when it is really just good for them?\n\n\nDid you know that when people say that a deflationary system would be a disaster in a debt based economy, they are explaining that every cent in existence is DEBT?!?!\n\n\nI mean, our money is worse than fairground tickets.\n\n\nCheck out my article that tries to explain and compare bitcoin as a candidate for money as a medium: https://habla.news/a/naddr1qvzqqqr4gupzqrvhh6h9vl7we8r9wncudmmpym4fd82fjtp3nrj3crav2tzjwjs5qqxnzde3xcer2v3jxgursvfnljtn30",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1EVzEzVzk5LTBtSmVzVmJ5QUNoWm40RDJoVWw5OGNhUEcxUkhXNFljWXpFa3VSSkV0a0N2ekJfeWpZRFM0Nld3b0NDMTVCYnVfZV9aY0RsZ2ZOc3dDd0E9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9UdU5FeURPa2g4bW1PekJ4bGFmcXBMSzJnc2V2TnJmemU0ZXkwVmhuaS1rTzNFZGkxTFJhV2oyU2dyVEFxUVJKZkVNYThWTVU0dTdzdXVWWFFxVjAzcHhZZjBOeTJNZUF0SS1zSlZLRWx5bnlaUlUxQW9nb1hWYklwdjlpLUNkOUVPMGtzVmZiSXAxcWl1ZjNJNkhzOEhtSWF0cWVRUG1NTkJ6bGdvS2F3eFQtNnhsQkRidWxLaE5tdjJvaFdjQVhxQmdxN1RYa0pIclZCWmxHZTdGUVNxQT09"
}

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Entry Information

Entry ID: 27236
Repository: Axioma AXP
Dataset: arrmlet/reddit_dataset_36
Total Entries: 100,000