Big players making farms. Sure. Everyone can see that. Specialized silicon that would lead to 1 or 2 large players controlling bitcoin. No.
The intent was a decentralized peer-to-peer system. Failing to adapt the core to that end put bitcoin on a path of greater and greater consolidation that will eventually make it vulnerable to a number things and non-viable. It will be replaced by a version 2.0 that is peer-to-peer decentralized and probably has other fundamental innovations.
The intent was a decentralized peer-to-peer system. Failing to adapt the core to that end put bitcoin on a path of greater and greater consolidation that will eventually make it vulnerable to a number things and non-viable. It will be replaced by a version 2.0 that is peer-to-peer decentralized and probably has other fundamental innovations.
Remember there is an economic incentive for players not to collude and respect decentralization of the system.
Moreover you are also underestimating the prospects of commoditized ASICs and development of p2p mining pools.
