Quote from: Wind_FURY on Today at 06:15:27 AM

Quote from: aliashraf on April 02, 2020, 07:27:47 PM

Miners are reliable as far as:

1- Provably, they are not inflating the supply of bitcoins by breaching the regulations built into the protocol.

2- There is proof that any incoming fund to a wallet approved by miners, comes with an equal deduction from the ledger maintained by them.

3- There is a safe threshold for the number of confirmations where the costs of rewriting the blockchain outperform any criminal incentive for defrauding users by orders of magnitude.

It's actually because of the full nodes. They secure the network, to make sure the miners are following the rules, and make sure to mine the type of blocks that the full nodes demand.

Plus, https://twitter.com/bitcoinmagazine/status/1197161029832265729

Cool

You are rehashing the same argument the old "Don't trust, verify" thing which has fed the community up. It'd be a good occasion to make a re-assessment, I suppose and will do my best to help.

look, God is dead, and with him the absolute, eternal, big picture view of the universe. There is no highly privileged point of view, nobody is in charge of everything, Satoshi is gone and there are only millions of users, individual users and they should take care of their security, one by one, there is no community, we are not members of a sect.

Your notion about full nodes and how they are securing the network is misleading, full nodes are not securing anybody other than themselves, their own wallets and their own mining resources (for solo miners), this is it!

Now, please read my 3 above conditions and tell me from YOUR very own personal point of view: IF a hypothetical system could be able to fulfill all three of them do YOU or do YOU not feel absolutely secure?