Row 49309

Row ID: 49309 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 49309 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

> The only purpose it could have is a global currency

BTC's sole and only purpose is to be a currency for the Bitcoin network. Period. End of story. If people want to use it for *anything* else, that's their prerogative, but nothing will change this base utility of BTC.

> There's nothing to understand

Well clearly, you don't understand the fundamental aspect of what BTC even *is*, so...

The Bitcoin network produces a product: blockspace. This blockspace is in very high demand. The *only* way you can use the Bitcoin network blockspace is by using BTC the token. These are facts. Therefore, BTC is a currency for the network. The demand for blockspace is only as speculative as everything else in the stock market. If people want to use a product, they'll pay for it. A lot. If they don't, then they won't. There's no need to complicate it any more than that.

Speculative bubble? Maybe. **That's truly of any early tech.** We're seeing real adoption from big players (Visa, JP Morgan, Blackrock, Reddit, MC, SAP, EIB bonds, Paypal, the list goes on and on).

FieldValue
text > The only purpose it could have is a global currency BTC's sole and only purpose is to be a currency for the Bitcoin network. Period. End of story. If people want to use it for *anything* else, that's their prerogative, but nothing will change this base utility of BTC. > There's nothing to understand Well clearly, you don't understand the fundamental aspect of what BTC even *is*, so... The Bitcoin network produces a product: blockspace. This blockspace is in very high demand. The *only* way…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1SdGNuMFBVOTRIWXN1T2t1ZnFFSS1mbEVtcDF5SHhhRmtzQW5QMFJULTNVclNMbnM3SjcyQVkwNFBPN29GaUxPOXc3cXh3WEJLbEZBQlk0MVd3TVdyWHc9PQ==
url_encoded Z0FBQUFBQm5Lak9oTGNOQnRaUXdYMFNlUDA4Q1ltdFNJWUIzMC1YWmZpT2d2NVFXYnhIaDdKUWZKTFplcmx2ejU2em9oQWNvM3ZZdVRKM1V1dWRtbnpRdXFYNWpMazdWMk8xSVpEdjB0SjJ6VFlTc2lGVmdod0NwZXNjTmhpVlB0NmttU2xiREhBWmgzSzEwVHd6eHROUWprWWNJYzBqeGFwYWUweXJteFF1SEtoTmRpNmxvNjNkdncza0tBVWFNTFM3VlBTaFRhWVoy

Raw Record

{
  "text": "> The only purpose it could have is a global currency\n\nBTC's sole and only purpose is to be a currency for the Bitcoin network. Period. End of story. If people want to use it for *anything* else, that's their prerogative, but nothing will change this base utility of BTC.\n\n> There's nothing to understand\n\nWell clearly, you don't understand the fundamental aspect of what BTC even *is*, so...\n\nThe Bitcoin network produces a product: blockspace. This blockspace is in very high demand. The *only* way you can use the Bitcoin network blockspace is by using BTC the token. These are facts. Therefore, BTC is a currency for the network.  The demand for blockspace is only as speculative as everything else in the stock market. If people want to use a product, they'll pay for it. A lot. If they don't, then they won't. There's no need to complicate it any more than that.\n\nSpeculative bubble? Maybe. **That's truly of any early tech.** We're seeing real adoption from big players (Visa, JP Morgan, Blackrock, Reddit, MC, SAP, EIB bonds, Paypal, the list goes on and on).",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1SdGNuMFBVOTRIWXN1T2t1ZnFFSS1mbEVtcDF5SHhhRmtzQW5QMFJULTNVclNMbnM3SjcyQVkwNFBPN29GaUxPOXc3cXh3WEJLbEZBQlk0MVd3TVdyWHc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9oTGNOQnRaUXdYMFNlUDA4Q1ltdFNJWUIzMC1YWmZpT2d2NVFXYnhIaDdKUWZKTFplcmx2ejU2em9oQWNvM3ZZdVRKM1V1dWRtbnpRdXFYNWpMazdWMk8xSVpEdjB0SjJ6VFlTc2lGVmdod0NwZXNjTmhpVlB0NmttU2xiREhBWmgzSzEwVHd6eHROUWprWWNJYzBqeGFwYWUweXJteFF1SEtoTmRpNmxvNjNkdncza0tBVWFNTFM3VlBTaFRhWVoy"
}
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