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.
Post by twetch#3375
There has to be a double coincidence of wants for a transaction to happen. What did someone want with fiat?
What the chain says
- Block
- 635 669
- Time
- 2020-05-20T02:14:05Z
- 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 (4)
Do miners typically pay for electricity in fiat, or Bitcoin?
Why does the power plant want fiat?
To pay their creditors who want fiat.
Ask them. I am in no position to decree what ought to make a fellow man happier.