@24, must one profit seek in bitcoins to be adding value to the Bitcoin economy?
As in, must one seek to increase one's Bitcoin holdings to add value to the Bitcoin economy?
Post by twetch#3375
You can also do something nice for the other profit-seekers. You have to improve profit-seeking for somebody, not necessarily yourself.
What the chain says
- Block
- 635 650
- Time
- 2020-05-19T21:09:07Z
- Signer
- 1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#3375
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm VerifiedReplies (10)
Actually, I take that back because anything that would be "doing something nice for the other profit-seekers" could be profitably combined with buying more hashpower and earning more tx fees.
So yes, seeking profit is how you improve the Bitcoin economy.
I'm not sure if you are seeing the distinction I'm trying to tease out with that question... I hope this rewording helps to clarify my intention. Must one be seeking to profit in bitcoins, as opposed to fiat or some other resource or derived value?
Yes.
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