The discussion centers on the relationship between the Euclidean action and the Hamiltonian in quantum field theory (QFT). It is noted that the Euclidean action is derived from a Wick rotation, transitioning from Minkowski to Euclidean spacetime, which is essential for path integral calculations. The conversation highlights that the Hamiltonian derived from a standard Legendre transformation can be zero in relativistic theories, necessitating a choice of time component for proper calculations. While the Euclidean action and Hamiltonian are not identical, they share a similar structure, particularly when considering the time derivative with respect to Euclidean time. Overall, the connection between the two concepts is acknowledged, but nuances in their definitions and applications are emphasized.