If nobody can declare a block invalid, then why can't I mine a block that pays myself 1,000,000 bitcoins?
Because Segwit removes signatures from the blockchain!! Bitcoin Jesus told me so, in a vision.
(There is a problem with ir.hn having spread this garbage across multiple threads, then pretty much completely ignored the substance of all intelligent responses. P.S., thanks for your intelligent response.)
A question you should ponder: Why dont miners skip verifying all signatures, altogether? That could be really profitable. That way, they could seize and spend Satoshis coins!
Oh, wait: They couldnt do that, because the resulting blocks would be rejected by nodes as invalid.
But according to you, nothing whatsoever could stop them. A miner could simply seize Satoshis coins with a consensus-invalid transaction, and other miners could build on that chain, and full nodes would be forced to follow along because they have no hashpowerright?
Segwit makes absolutely no difference whatsoever, in this regard. The signatures are still there; they just got moved around a little bit. Verification of the signatures is still required by consensus rules. No substantive change has been made as to the security properties of Bitcoins signature verification.
Oh, wait: They couldnt do that, because the resulting blocks would be rejected by nodes as invalid.
But according to you, nothing whatsoever could stop them. A miner could simply seize Satoshis coins with a consensus-invalid transaction, and other miners could build on that chain, and full nodes would be forced to follow along because they have no hashpowerright?
Segwit makes absolutely no difference whatsoever, in this regard. The signatures are still there; they just got moved around a little bit. Verification of the signatures is still required by consensus rules. No substantive change has been made as to the security properties of Bitcoins signature verification.
The risk of 51% is always on the line, but it's less possible and almost irrelevant for small holders like me with just few btc.
I'm much more worried about the Ver-BCH attack at the moment. They are doing bad to the whole community.
I'm much more worried about the Ver-BCH attack at the moment. They are doing bad to the whole community.
Segwit sinner, dare ye blaspheme Bitcoin Jesus? If you squint at it hard enough, you can see a 666 in the Segwit logo. It is hidden and double-crossed inside itself within an ancient Satanic symbol called the Iron Knot of Thermopylae:
And if you play the Segwit jingle backwards, you can hear it say, Hail Satan!
The number 51 is also clearly a reference to Area 51. If Segwit is a 51% attack against Bitcoin, as OP so cogently explained, then how could the grey aliens not be involved!? Try explaining that away, Segwit shill.
I know this is all true, because I read it on /r/btc.
But thats not the worst. There is a frightening secret to Segwit; but I cant tell you about it, because theymos would ban me.