Yes you're right. But people's first analysis is to give too much weight to miners The protocol decides what is a valid transaction and the users enforce it.

Yes you're right. But people's first analysis is to give too much weight to miners The protocol decides what is a valid transaction and the users enforce it. If miners decide what is valid the price of bitcoin goes to zero. They are a slaves to the protocol and that is the only reason that the mining mechanism works. Miners disempower themselves by competing