Quote from: DeathAndTaxes on November 28, 2013, 04:49:28 PM

Quote from: AnonyMint on November 28, 2013, 11:44:50 AM

STILL WRONG.

ALLL NODES AS IN ALL 100,000+ ON THE NETWORK REGARDLESS OF IF THEY ARE MINING OR NOT VALIDATE ALL TX AND ALL BLOCKS. That is the security model of Bitcoin. No node trusts the output of any other node. So miner makes a block giving him a single extra Satoshi and relays it to his peers. Guess what? Those peers validate the block and the block is invalid. It is simply dropped. It never becomes part of any chain.

Already refuted upthread, c.f. my rebuttal of luv2drnkbr.

Quote from: DeathAndTaxes on November 28, 2013, 04:49:28 PM

A BLOCK WITH MORE COINS THAN ALLOWED BY THE PROTOCOL IS INVALID. PERIOD. 1+1 = 3 is still invalid even if it is the longest chain. Nodes (once again ALL NODE not just miners) use the longest (most work) VALID chain. A chain which contains blocks which mint extra coins is ALWAYS invalid and thus will NEVER be picked by any node.

Incorrect. You have a very narrow (myopic) view of the situation, which thus is erroneous. Read my rebuttal of luv2drnkbr. Try to wrap your mind around the reality.