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by baddox 4313 days ago
I still don't see why this is a problem. Even if all the miners don't actually care that they're securing the blockchain, the blockchain still gets secured (assuming there's not a design flaw in Bitcoin, but that's a separate issue).
1 comments

I believe I understood your comment [0] as saying more-less "bitcoin miners work to maintain blockchain security; monetary reward is just thrown in to sweeten the pot", which would not be true because the miners only care about that monetary reward. After re-reading the entire thread I now think you just wanted to say something like "miners get paid to keep the blockchain working, the same way e.g. plumbers get paid to keep the plumbing working", which would be something I of course agree with. Therefore, I apologize for arguing against a point you didn't make in the first place.

[0] - https://news.ycombinator.com/item?id=8243425