Replying to Avatar vinney...axkl

why is it worthless and how is it unusable?

it pays fees to miners. this is identical to their main service: collecting fees to order things.

the person making the timestamp has the private key and can recover some of their funds (again, less the miner fee, as is proper).
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El presidente Eloy Musketti 1mo ago

It's not worthless. It costs two txs and creates tiny utxos. Hence my note about pure monetary use.

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Alexander Hoff ❍ 1mo ago

yeah i agree this is probably the closest version to "monetary use" for including hashes on-chain. earlier i did not yet understand that the derived address is actually spendable.