Catesby on Nostr: Thinking that way will just lead us in circles. If the miners fail to put the bitcoin ...

Thinking that way will just lead us in circles. If the miners fail to put the bitcoin into your address right then and there, which you can sit there and confirm, then it’s no deal, right? It’s like seeing that someone is trying to hand you counterfeit cash, it’s deal off. And anyway, miners are simply assembling blocks, encrypted in a chain that they can not alter. They’re just powerless intermediaries regarding the actual content of transactions, and are only concerned with collecting fees/rewards. The ‘trusted party’ that’s spooking you out here is actually the entire network, which is bitcoin’s strength. It’s the centralization of mining that’s the real threat, but that’s a whole other subject, 51% attacks and all that.