I hear a lot about how big blocks will reduce decentralization and make things harder for I dividual miners.
Mining is already pretty centralized, almost no blocks are mined by miners outside of pools... The difficulty is so high it's hard to mine on your own. But even with bigger blocks, how would that prevent someone from mining like he does now? If someone is going to invest hundreds of thousands $ in mining equipment, are we to assume that they can't invest at an internet connection that is at least at ADSL or 3g speeds?
mining has nothing to do with blocksize and blocksize has nothing to do with mining
mining hashes a blockheader.. blockheaders and hashes remain the same size no matter the blockdata part containing transactions becomes
people can still mine from home. they can buy their own full size asics or USB miners. the hashrate reward is linked to difficulty but difficulty is not related to blocksize.
here is the thing if bitcoin transaction users have to pay more per fee.. less people want to use bitcoin, less want to buy bitcoin. less people want to transact with bitcoin.. this is a bad economic game like only having one table in a restaurant thinking the restaurant can stay profitable serving one customer a day by charging that one customer huge price for a meal..
however more transactions per block does not harm miners or break miners but does allow more transactions and more users and more opportunity to get profit from more people without charging people outrageous prices.. thus more sustainable economic model
Can somebody show me some data or a paper to support this?
I am genuinely curious, bitcoin's block size from 1 MB going to 4 MB didn't cause any such issues. Propagation time on Bitcoin is already pretty good. We are not talking about decreasing block times here.
the 6 trolls against blocksize increases are not thinking with their head about benefits for bitcoin. they instead are thinking using their training on how to promote that people should use other networks.
the fun part is their other network promotions/training admits that nodes can handle relay/verification of millions of transactions a second.. so there is no node problem for dozens of thousands per second reasonable request