Replying to Avatar ₿itcoin ₿ombadil

Miners, Full Nodes, & Private Keyholders run #Bitcoin  cooperatively.

The Segregation of Duties of each constituency is essential to maintaining internal control & order over BTC's ledger.

It’s important to keep in mind that at least some of the system security of #Bitcoin emerges from the checks and balances created by Bitcoin’s various constituencies.
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cryptoshi2k21.bitcoin 2y ago

Very well explained and it's easy to understand as well.

#BTC #Zap #Nostr #Bitcoin

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RealJohnDoe 2y ago

#Bitcoin IS! the #fullnodes and the Bitcoin loyalist, period. They are the ones responsible for the #quality and #purity of the Bitcoin protocol, and the Bitcoins that get Minted.

There are no checks and balances. Bitcoin is governed by the self-interested consensus above.

We're not inventing Bitcoin. Satoshi already did that. We're just maintaining and strengthening it for our benefit.

It was given to us..🧡👑🗽

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₿itcoin ₿ombadil 2y ago

Miners, Full Nodes, and Keyholders each have their own important role in making #Bitcoin what it is today.

Yes Full Nodes’ duties are governance oriented.

But Miners duties are way the rubber meets the road. They are the ones who channel energy into the whole system.

Nodes have no work to validate without the Miners.

And Miners have nothing to Mine without Full Nodes broadcasting the Keyholders transactions.

I see a beautiful harmony that emerges from different players in the game.

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₿itcoin ₿ombadil 2y ago

Where the rubber meets the road*

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₿itcoin ₿ombadil 2y ago

Thanks for the feedback