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That’s a gross oversimplification. There are thousands of Bitcoin nodes running right now who verify that the miners are honest. Miners could refuse to include
by runeks 9y ago
That’s a gross oversimplification. There are thousands of Bitcoin nodes running right now who verify that the miners are honest. Miners could refuse to include any transactions at all, but that would amount to a sort of constant denial-of-service attack, and could be resolved by moving to a new proof-of-work function (thus rendering all current Bitcoin mining hardware worthless).