Why a Bitcoin future will always end up in centralization

In case anyone wants to know about how sizing works in bitcoin, I have written this post [1]<p>250 bytes is the lowest end of a block size. Most of the blocks are nearly 360 bytes in size. Though Segwit should apparently help with the sizing.<p>The most interesting thing is block sizing and transaction ramping are not same. 1GB blocks were tested[2]<p>But, there are multiple bottlenecks which need to be resolved before it is usable. For one the mempool,<p><i>Mempool admission is no longer the bottleneck, as we’ve demonstrated mempool admission rates over 10,000 tx&#x2F;sec already.</i><p>But the same thing has not been achieved in transaction confirmations:<p><i>“Our baseline results with BU essentially ‘as is’ — A few days ago we achieved 300 tx&#x2F;sec sustained thanks to Andrew Stone’s work streamlining mempool admission,” explains Rizun. I think we’ll hit ~1,000 tx&#x2F;sec sustained on the next ramp we attempt.”</i><p>[1]: <a href="https:&#x2F;&#x2F;medium.com&#x2F;@smith.garg&#x2F;fees-calculation-in-bitcoin-and-other-cryptocurrencies-explained-ef2f9ca35320" rel="nofollow">https:&#x2F;&#x2F;medium.com&#x2F;@smith.garg&#x2F;fees-calculation-in-bitcoin-a...</a><p>[2]: <a href="https:&#x2F;&#x2F;news.bitcoin.com&#x2F;gigablock-testnet-researchers-mine-the-worlds-first-1gb-block&#x2F;" rel="nofollow">https:&#x2F;&#x2F;news.bitcoin.com&#x2F;gigablock-testnet-researchers-mine-...</a>

Too bad the author did not mention Lightning Network. The issue covered in this article is one of the reasons LN was chosen as the scaling solution instead of the block size increase (i.e. bcash).

The author takes a large enough block for Visa or Master card volume like transaction and makes an educated guess.<p>His argument is _true_ in the same way saying that you could only fit a calculator in a hangar using vacuum tubes is true. If Cryptocurrencies are to succeed they need their silicon transistor.<p>To me the transistor of crypto is sharding. I&#x27;d bet Vitalik knows that and that is why he is putting R&amp;D into it. I do hope Ethereum (or another one) succeed.

Ctrl+f &quot;lightning&quot;. Zero mentions.<p>This is bad journalism and has nothing to do on HN.

Not having centralization, as with some of the altcoins, has resulted in the price of NVidia and Radeon graphics cards more than doubling and the supply disappearing.[1]<p>[1] <a href="https:&#x2F;&#x2F;arstechnica.com&#x2F;tech-policy&#x2F;2018&#x2F;01&#x2F;cryptocurrency-boom-creates-insane-global-graphics-card-shortage&#x2F;" rel="nofollow">https:&#x2F;&#x2F;arstechnica.com&#x2F;tech-policy&#x2F;2018&#x2F;01&#x2F;cryptocurrency-b...</a>