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.
Post by twetch#3375
So yes, seeking profit is how you improve the Bitcoin economy.
What the chain says
- Block
- 635 651
- Time
- 2020-05-19T21:11:58Z
- 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 (11)
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.
So in your opinion, it's not an improvement to the Bitcoin economy if a business buys transactions from a specific miner, paying in fiat, for a non-tangible profit of realized value from the utility of those transactions?
No it isn't and that doesn't even make sense. How would you buy txs from a miner other than tx fees? Those are satoshis. It's especially bad if a miner are not profit-seeking in bitcoin because that miner doesn't need to maintain the network.
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