It's still cocked. There is nothing 'half' or 'safe' about it.
If the trigger is pulled, the firing pin will still fall and you are relying on the weight of the bolt and handle to provide enough resistance required to retard the firing pin's forward motion. It will still strike the primer but maybe not hard enough to set it off...
Guess what happens when you perform bolt lightening mods like lightweight firing pin, fluting the bolt handle and body?
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