why do people do non-currency transactions on it at all? what does it accomplish?
#educateme
Discussion
technically all transactions are monetary transactions, they are paying the miner to include it in a block, whatever it is.
but why?
I know I sound like a toddler asking like that. is it pointless to add that stuff?
here's an interesting use case
nostr:note1u305a0g52sfcwmmwsrcawfa0d7flutdkexhshw97sj4kqp25a5tqf3ju06
OK I see. thanks!
Check out the OpenTimeStamps project.
A decentralized & permissionless time chain has many potential uses. Money is the best one IMO, and without money other uses likely don’t matter… but emergent use cases of a decentralized ledger that are “arbitrary” to Bitcoin’s primary function may not be arbitrary to humanity.
The statement commits the fallacy of equivocation by ambiguously shifting the meaning of “monetary transaction.” In the context of Bitcoin, this term typically refers to transfers of value (e.g., sending BTC between parties as a form of payment or exchange). However, the statement redefines it to include any transaction that incurs a fee paid to miners for inclusion in a block, even if the primary purpose is non-monetary, such as embedding arbitrary data without value transfer. This equivocal use of the term makes the argument appear valid when it isn’t.