FoxByte on Nostr: Isn't that the point of the block reward? To incentivize the miners to secure the ...

Isn't that the point of the block reward? To incentivize the miners to secure the network until such a time that transaction fees will be enough?

A bitcoiner only needs the security provided by miners while a transaction is being added to a block. After that, its in the blockchain and secured by nodes... Not miners. So if anything, running validating nodes provides the security for hodlrs...

What's the incentive for running a node?

- Being able to privately inspect and verify the block chain

So when I drive my car down the toll road, I pay the toll. When I park my car in the parking lot, I can park it for free somewhere and hope their security and privacy is good, or I can park it in my own garage I maintain and keep it secure and private on my own.

I don't need to pay to maintain a road I'm not driving on directly. I do pay indirectly because of inflation, as block rewards are mined my share in the network shrinks relative to the whole. This is the price I pay until there's enough drivers to upkeep the road.