Row 49622

Row ID: 49622 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 49622 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

There is buzz all over the place about CBDCs.

What comes to mind when you hear Digital Commodity Backed Digital Currency (DCBDCs)?

Basically our "commodity" (sic: web traffic/web adverting) is a digital product in big demand by businesses. And a basic consideration of a business considering accepting Solana is what can they do with it. The current standard answer is to convert it to fiat.

BUT if the business could use it to purchase their supplies then it would be more like "real money". I believe the future of crypto is that a business will pay all their suppliers (and employees) with it and we are offering a product with nearly universal demand as a guaranteed "backing" of the crypto.

The past has proved that "backing" a currency with a physical commodity is primed for fraud so I don't believe CBDCs will be any different. The benefit of a Digital Commodity Backed Digital Currency (DCBDC) is that it can be redeemed instantly and on demand.

Your thoughts?

FieldValue
text There is buzz all over the place about CBDCs. What comes to mind when you hear Digital Commodity Backed Digital Currency (DCBDCs)? Basically our "commodity" (sic: web traffic/web adverting) is a digital product in big demand by businesses. And a basic consideration of a business considering accepting Solana is what can they do with it. The current standard answer is to convert it to fiat. BUT if the business could use it to purchase their supplies then it would be more like "real money". I b…
label r/solana
dataType post
communityName r/solana
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9oLXdPdVE4ek84ZWpEQzJQVGM0SVhrUjZBMEg1UjZSTGJKa2tPak1FaGkzVGp3QTQtcVJ6X2Roc1htdGNwenlIOXB5Ykdsa2lPS2FIQkVoWEpkS2lHWlRzeVFfam5GRTFUa0J2czRoZzd0QVdfamFSMlc0VEtMRzNnbFdyXzhMZ0FyYzRqMFhTNjczUUdvcEJqeDNXN3poSUJjV0hjajBBQmFLamNNUjdpRVRULVczVEZqZTE0UXhXQlR5c01VYWVwSWJKR3JZMnFydFFzSV84S3F3ZjAwdz09

Raw Record

{
  "text": "There is buzz all over the place about CBDCs. \n\nWhat comes to mind when you hear Digital Commodity Backed Digital Currency (DCBDCs)?\n\nBasically our \"commodity\" (sic: web traffic/web adverting) is a digital product in big demand by businesses. And a basic consideration of a business considering accepting Solana is what can they do with it. The current standard answer is to convert it to fiat.\n\nBUT if the business could use it to purchase their supplies then it would be more like \"real money\". I believe the future of crypto is that a business will pay all their suppliers (and employees) with it and we are offering a product with nearly universal demand as a guaranteed \"backing\" of the crypto. \n\nThe past has proved that \"backing\" a currency with a physical commodity is primed for fraud so I don't believe CBDCs will be any different. The benefit of a Digital Commodity Backed Digital Currency (DCBDC) is that it can be redeemed instantly and on demand.\n\nYour thoughts?",
  "label": "r/solana",
  "dataType": "post",
  "communityName": "r/solana",
  "datetime": "2024-05-22",
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  "url_encoded": "Z0FBQUFBQm5Lak9oLXdPdVE4ek84ZWpEQzJQVGM0SVhrUjZBMEg1UjZSTGJKa2tPak1FaGkzVGp3QTQtcVJ6X2Roc1htdGNwenlIOXB5Ykdsa2lPS2FIQkVoWEpkS2lHWlRzeVFfam5GRTFUa0J2czRoZzd0QVdfamFSMlc0VEtMRzNnbFdyXzhMZ0FyYzRqMFhTNjczUUdvcEJqeDNXN3poSUJjV0hjajBBQmFLamNNUjdpRVRULVczVEZqZTE0UXhXQlR5c01VYWVwSWJKR3JZMnFydFFzSV84S3F3ZjAwdz09"
}
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