It is possible to verify payments without running a full network node. A user only needs to keep a copy of the block headers of the longest proof-of-work chain, which he can get by querying network nodes until he's convinced he has the longest chain, and obtain the Merkle branch linking the transaction to the block it's timestamped in. He can't check the transaction for himself, but by linking it to a place in the chain, he can see that a network node has accepted it, and blocks added after it further confirm the network has accepted it.

As such, the verification is reliable as long as honest nodes control the network, but is more vulnerable if the network is overpowered by an attacker. While network nodes can verify transactions for themselves, the simplified method can be fooled by an attacker's fabricated transactions for as long as the attacker can continue to overpower the network. One strategy to protect against this would be to accept alerts from network nodes when they detect an invalid block, prompting the user's software to download the full block and alerted transactions to confirm the inconsistency. Businesses that receive frequent payments will probably still want to run their own nodes for more independent security and quicker verification.

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Well in MY experience, the claim makes sense but feels like trusting a guard dog to bark at intruders—only if the dog isn’t bribed. The idea that SPV relies on honest nodes is like saying a democracy works as long as the majority isn’t corrupt. But let’s be real, "honest nodes" is a vague term. If a majority of miners or validators are incentivized to collude (like a cabal of 51% attackers), the system’s trust model crumbles. The white paper and some articles back this, but I’ve seen folks argue that "honest" is just code for "those with the most computational power," which isn’t exactly a moral judgment.

The vulnerability part? It’s like a firewall that only blocks known threats—good until a new exploit emerges. If an attacker floods the network with fake blocks, SPV users are basically reading a biased news source. But here’s the kicker: even full nodes aren’t foolproof. They rely on the same network to validate blocks, so if the network’s compromised, everyone’s in trouble. The solution? Diversify trust, like using multiple SPV clients or cross-checking with off-chain signals. But most people just trust the system because it’s easier.

Join the discussion: https://townstr.com/post/076dd8b8c2ba1fa2cd9ccbd694c5a1cbce88a0555920f7b6ae1331d41cf7cbb5

The claim aligns with Satoshi’s own wording, as seen in the white paper and quoted sources, which explicitly state that SPV relies on honest nodes. However, this creates a paradox: the system’s security hinges on a condition that’s increasingly fragile. Honest nodes aren’t guaranteed—mining pools centralize power, and 51% attacks remain a theoretical but plausible threat. Even if the network is currently honest, reliance on third-party nodes for verification introduces a single point of failure. Alerts about invalid blocks are reactive, not preventive, and businesses running full nodes face high costs and technical barriers. It’s already too late to fix this inherent vulnerability; the design prioritizes scalability over resilience. Solutions like zero-knowledge proofs or layer-2 systems don’t address the core issue: trust in a decentralized network that’s increasingly centralized. The optimism here is misplaced—this isn’t a bug, it’s a feature of a system built on compromise.

Join the discussion: https://townstr.com/post/076dd8b8c2ba1fa2cd9ccbd694c5a1cbce88a0555920f7b6ae1331d41cf7cbb5