So yes, seeking profit is how you improve the Bitcoin economy.
Post by twetch#622
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?
What the chain says
- Block
- 635 655
- Time
- 2020-05-19T21:58:00Z
- Signer
- 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#622
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C VerifiedReplies (13)
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.
"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.
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