You wouldn’t ever really be (technically) using the edit text widget as a variable. (The edit text widget doesn’t itself hold data — it’s just an interface that makes it easier for users to add and interact with field values.)
But whatever variable you use to display within an edit-text widget can also be used elsewhere (including conditionally).
Placeholder text (like default text) can be determined by a variable or macro (such as the now macro), and that same variable or macro can be used elsewhere in a conditional — so if the field is empty, you use that now macro value; but any user-specified value overrides that value.
If you have a placeholder value, this is just a matter of what displays (usually in muted color) in the edit-text widget. Placeholder text instantly evaporates as soon as the user starts typing. The field (transaction.verb.number in this case) remains blank until the user interacts with it.
With a default value, even that displays only as long as the field/tiddler in question doesn’t yet exist. It doesn’t get written into the field until/unless the user adds further keystrokes to the field (or some other action puts the value into the field). The difference is that the user’s input “begins with” that default value as something to modify.
Default values are good for data-entry situations where there’s a template, but the user is expected to type in further specific information (often for a section that is pre-selected with a focusSelectFromEnd parameter, or similar).
Note, if you really want to invite the user to accept the whole default timestamp-based value, I suggest making a button to set the field so that the timestamp-based string (exactly that string) becomes the field value. (See below follow-up)
Whatever you choose as a method of getting the field value set, you then just need a conditional display. This could look something like this:
<% if [<currentTiddler>has[transaction.verb.number]] %>
entered value: {{!!transaction.verb.number}}
<% else %>
default value: <<now v#YYYY0MM0DDhh0mm0ss>>
<% endif %>