Row 8215

Row ID: 8215 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 8215 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I have entertained the idea of having some small change that could be used like we use dollars today. Closest thing was Opendime but I don't quite thing is the same concept.

My idea would be to create physical tokens of specific denomination 100 sats, 1000 sats, etc. that were backed by actual sats in a controlled address pool. Each token could have an address link you could check to ensure the token is really backed. If someone were to return this physical token to an entity it could exchange them for a sat transfer, but since the amounts would be small it won´t make much sense to exchange these all the time as it would be used as pocket money. Of course this doesn´t replace the idea of bitcoin and you would have to trust a third party that would guarantee those sats, but it would allow for off-chain transactions that don´t really need them.

Just a thought

FieldValue
text I have entertained the idea of having some small change that could be used like we use dollars today. Closest thing was Opendime but I don't quite thing is the same concept. My idea would be to create physical tokens of specific denomination 100 sats, 1000 sats, etc. that were backed by actual sats in a controlled address pool. Each token could have an address link you could check to ensure the token is really backed. If someone were to return this physical token to an entity it could exchan…
label r/bitcoin
dataType post
communityName r/Bitcoin
datetime 2024-05-18
username_encoded Z0FBQUFBQm5Lakw0TlpSZWs3bmgtZ1lUNkpFbTlvTk1iS2ZwS3JieDhOWG5WZGllQlJ5MVpXLVU3Nnl1WXM4T3VXakdsLU4zekhHQ2NIVUZrODdsSVZITnV4U1F0QllwY1E9PQ==
url_encoded Z0FBQUFBQm5Lak9IS0JpTWMzb1ZESXdMLVhZRDF1cVUtVjZ5Njd6ZVpIcmVtOVl1WmhSN3RUZUNLNEYyN3FnSTRjZ1lYTzNYN1RQZ1FyaGNKRVA4V2ZkTmVxQ3hxeDN1NnMwTEhlQkRfemtLdl93S1ZVdFN4TXA0UERpODBpcmZ5RUFMcTdjWDFaTm9KanpmNTFHTnM3NnY4Y3J3ZzBBM0EzSEpKSmNyanp3eGZ1Y1p5ZzJDZE92VUxkNWpyR0NNNlQyR3ZUUlZLS0Vf

Raw Record

{
  "text": "I have entertained the idea of having some small change that could be used like we use dollars today. Closest thing was Opendime but I don't quite thing is the same concept. \n\n\n\nMy idea would be to create physical tokens of specific denomination 100 sats, 1000 sats, etc. that were backed by actual sats in a controlled address pool. Each token could have an address link you could check to ensure the token is really backed. If someone were to return this physical token to an entity it could exchange them for a sat transfer, but since the amounts would be small it won´t make much sense to exchange these all the time as it would be used as pocket money. Of course this doesn´t replace the idea of bitcoin and you would have to trust a third party that would guarantee those sats, but it would allow for off-chain transactions that don´t really need them. \n\nJust a thought",
  "label": "r/bitcoin",
  "dataType": "post",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-18",
  "username_encoded": "Z0FBQUFBQm5Lakw0TlpSZWs3bmgtZ1lUNkpFbTlvTk1iS2ZwS3JieDhOWG5WZGllQlJ5MVpXLVU3Nnl1WXM4T3VXakdsLU4zekhHQ2NIVUZrODdsSVZITnV4U1F0QllwY1E9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9IS0JpTWMzb1ZESXdMLVhZRDF1cVUtVjZ5Njd6ZVpIcmVtOVl1WmhSN3RUZUNLNEYyN3FnSTRjZ1lYTzNYN1RQZ1FyaGNKRVA4V2ZkTmVxQ3hxeDN1NnMwTEhlQkRfemtLdl93S1ZVdFN4TXA0UERpODBpcmZ5RUFMcTdjWDFaTm9KanpmNTFHTnM3NnY4Y3J3ZzBBM0EzSEpKSmNyanp3eGZ1Y1p5ZzJDZE92VUxkNWpyR0NNNlQyR3ZUUlZLS0Vf"
}
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