Quote from: RustyShackleford1950 on October 31, 2017, 11:24:48 AM

Come on we're playing semantics. Yes, obviously a SPV wallet doesn't fully verify like a full node does, but it does simply verify transactions which is the point. It has limited trust to a third party and since the information it receives from a third party is cross verified with others and

The point is that SPV wallets can't and don't "simply verify transactions". There is no verification that can be done without having the transactions that a transaction spends from.

Quote from: RustyShackleford1950 on October 31, 2017, 11:24:48 AM

it is deep in the blockchain, there's a fair assumption of truth in it.

That's also not true. A transaction is not necessarily deep in the blockchain. SPV wallets allow you to receive unconfirmed transactions and sometimes spend from them. You can also spend from transactions with one confirmation; those are definitely not "deep in the blockchain"

Quote from: RustyShackleford1950 on October 31, 2017, 11:24:48 AM

The point is that every person isn't going to run a full node, and you want all users to have a decentralised self verifying experience. SPV nodes on mobile are the best answer to this.

Yes, I agree that not everyone is going to run a full node, but current SPV wallets are not a decentralized self verifying experience at all.