From the discussion in this post about ZFC consistency, I've extracted the following hopefully accurate (I think?) summary conclusions:
I) Consistency of the ZFC axioms can never be definitively proven by formal axiomatic system(s) alone. For example, if you use Morse-Kelley set theory to prove Con(ZFC), then you're left with the issue of proving the consistency of the Morse-Kelley axioms. You could prove this within some other formal axiomatic system Foo, but now you have to worry about proving Con(Foo) via yet another formal axiomatic system Bar whose own consistency remains unproven, and so on. Thus at the top of any such "hierarchy" of axiomatic systems, there's always that last one whose consistency remains unproven.
II) However, ZFC axiom consistency can be proven "informally" (i.e. not via a formal axiomatic system) with a level of rigour sufficient to convince most set theorists to not seriously worry about the possibility of ZFC being inconsistent (the top-voted answer implies one such "informal" proof is based on showing that Con(ZFC) is logically equivalent to demonstrating non-existence of positive integer solutions to a fairly straightforward Diophantine equation).
Hence two concrete questions:
Are these summary conclusions (I & II) as I've described them in fact correct?
Does anyone happen to have a reference to a book or paper or something with concrete detail about the concept of reducing proof of Con(ZFC) to solving a Diophantine equation? That sounds intriguing, but what I've found online is relatively vague. Has someone actually worked out the specific polynomial and then solved it?