I put this out as a serious question:
If the block size is pushed upward, then fewer individuals can afford to mine, and there are centralization risks with mining hardware ownership.
If the block size is kept the same, or pushed downward, then fees increase, and low cost transactions are forced to move off chain, and there are centralization risks. (Examples: BlockStream, Lightning Network service provider).
Assuming that Decentralized Consensus is required for Bitcoin to provide its unique value to the world, which form of centralization is better or worse than the other, and why? Is some “Centralized Consensus” with BTC now mathematically necessary?
Source: James D’Angelo
http://www.slideshare.net/jamesdangelo9883/a-pen-should-write-satoshis-fatal-mistake-wrt-decentralized-consensus
Topic: Bitcoin Centralization -> Whether Block Size Goes Up or Down !!! - page 2. (Read 874 times)
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