Do you trust the miners?

[kpitti]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

I don't trust anyone with my coin specially miners, Im sure they'll use it for their own good. Of course who wouldn't but I don't trust them. 

Miners are good for bitcoin itself; they are the ones who creates new bitcoins in circulation and help process transactions all over the network. What's bad is when miners use their mining power into something fishy, like a 51% attack.

The make sure miners do not unite against the network.

Network, you probably mean Blockchain will not work without Miners. There will be no single transaction confirmed. Of course there were situations in the past when one of major Pools come close to the 51%. I would wonder what do you suggest to do against it. 

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[Hugroll]

ofcourse i trust the miners  , i mean we are forced to trust them lol without them bitcoin would just fall apart. thank you miners

[RKing]

ofcourse i trust the miners  , i mean we are forced to trust them lol without them bitcoin would just fall apart. thank you miners

Yes, we are forced to trust them as they got the mining power. Miners control the transaction network. We need to work with miners closely.

[coinplus]

ofcourse i trust the miners  , i mean we are forced to trust them lol without them bitcoin would just fall apart. thank you miners

Yes, we are forced to trust them as they got the mining power.

Many people here worry on bitcoin miner like comparing them to meaningless government rules or central banks. More over, the halving also may get post pond if the miner unite against the halving. But we need to stick with Satoshi's plan. We need to bleive miners as a part of bitcoin eco system.

[mirana12345]

ofcourse i trust the miners  , i mean we are forced to trust them lol without them bitcoin would just fall apart. thank you miners

Yes, we are forced to trust them as they got the mining power.

Many people here worry on bitcoin miner like comparing them to meaningless government rules or central banks. More over, the halving also may get post pond if the miner unite against the halving. But we need to stick with Satoshi's plan. We need to bleive miners as a part of bitcoin eco system.

I don't think we should look at it from such a fixed point. As bitcoin is "changable", there just may come a point in time when miners could get even replaced by changing pow to pos.
I know it sounds unreal now, but when the reward falls down to dust, and if the price doesn't pick up by then (and transaction fee's with it) there will be no "miner incentive", so the
most logical thing to do would be to change it to pos. I don't really like where mining has gone, ever since asic's came out, it somehow feels wrong that the mining process is taken from
individual users and changed to industrial (corporative) area..

[DeathAngel]

I have no control over the miners so my trust means nothing either way.

[Amph]

also it's not like being a miners is exclusive for only a few, you cn be a miners also, just don't assume that you would rich roi so fast, if you join any legit cloud you're automatically part of the miners club

i'm sure that you would trust them more if you were a miners yourself...

[Mickeyb]

ofcourse i trust the miners  , i mean we are forced to trust them lol without them bitcoin would just fall apart. thank you miners

Yes, we are forced to trust them as they got the mining power.

This is the thing. We shouldn't be forced to do anything. Bitcoin was designed to be trustless meaning that Bitcoin system isn't supposed to allow to be cheated.

And this works very well so far. The only problem we had was with the mining pools, when one of the mining pools has reached dangerously closely 50% of the hashrate, but even this was solved by the good miners that switched pool right away.

So yes, I trust the miners but before all I trust the system.