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Exactly, and fees are only an incentive. There's nothing stopping miners from discarding your transaction. Therefore trust that miners won't discard your tran
by lottin 5y ago
Exactly, and fees are only an incentive. There's nothing stopping miners from discarding your transaction. Therefore trust that miners won't discard your transaction is required.
- Arnavion 5y agoFees being an incentive == trust is a strange definition of trust. But if that's the definition you want to roll with, sure distributed currencies rely on trust.
- drdeca 5y agothe "only" part before "an incentive" was important. They weren't saying because the fees are an incentive there is therefore trust, but rather, that one is trusting that, essentially, that this incentive will be enough. Of course, the concern that some particular miner might just have it out for you to a degree that outweighs this incentive, or who has some other incentive to not include your transaction, is more mitigated when there are more separate/independent miners/pools .
- deleted 5y ago[deleted]
- rantwasp 5y agoalso, in case of asteroid impact you will lose all your money. what's your point? why would the miners discard a transaction and not another one given that the value they extract is the same?
- lottin 5y agoI don't know why they would discard a transaction. The point is that they can discard transactions, which appears to invalidate the claim that bitcoin payments are "uncensorable" and "trustless".