"Free" tx on chain, with payment made off-chain. And in that case, I agree, the "need" isn't there, except that the only way to provide the service that's paid for is through the maintenance of the network... Many possibilities exist. Not all are equal.
Post by twetch#75
IMO any miner that profit seeks in fiat can be outcompeted by miners who profit seek in Bitcoin. The Bitcoin profit seeking miners can use certain strategies that give them a big advantage. Miners who profit seek in fiat don't really understand Bitcoin
What the chain says
- Block
- 635 657
- Time
- 2020-05-20T00:12:12Z
- Signer
- 1NPRovajrDDsYNKBiYhrhQL398QAD79fVo
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#75
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1NPRovajrDDsYNKBiYhrhQL398QAD79fVo VerifiedReposted by (1)
Replies (12)
Profit seeking in fiat circumvents the need to buy BSV for those who don't yet have it. Do not be so quick to dismiss strategies. Think them through. Use your imagination.
They DO need to buy it.
Why? Because they need to have UTXOs to spend? Who says those have to be their UTXOs? Who says they can't be tokens? I see a lot of claims about what can't be done, but I can think of simple examples that contradict those claims.
Consider this use case: I am buying a house. It is listed on chain. I have no BSV. I pay in fiat to have the transaction made, and the record updated. I am now tied into the BSV economy, yet I have paid no BSV to anyone.
Because there is on reason for anyone to want dollars. Thus if they have dollars, they have nothing to offer us.