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Joe Burnett 2y ago 💬 3

Bitcoin mining is about distributing coins without seigniorage.

Miners do not "secure" the network.

Miners build digitally verifiable walls of energy around transactions to provide confidence that your transaction settled.

More confirmations = more digital walls of energy.

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Discussion

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Bc1qt1 2y ago

Water is not wet. It just gets everywhere and makes things wet.

Sir how high are you ?

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Yzfmonster 2y ago

Wall of energy secures transaction from attack, thereby securing bitcoin

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StStolz 2y ago

Point of view. Would argue that miners secure the network from double spend being possible. As more Hashrate miners supply as less confirmations are needed to be safe of double spend to occur.