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> If all full nodes are miners, then there is no one to keep the miners to respect the protocol. If none of them has more than 50% of the total hashrate, then
by hggh 6y ago
> If all full nodes are miners, then there is no one to keep the miners to respect the protocol.
If none of them has more than 50% of the total hashrate, then there is not such threat.
- littlestymaar 6y agoBut by definition the miners collectively have 100% of the mining power. Miners as a group have converging interests, which doesn't align with users' interest. Remember, bitcoin ain't really a cryptographic money (there's little crypto involved, not much more than when using PGP signed-commits in git) but more of a game-theory money, and as such it's extremely important to maintain a balance of power between miners and users.