It’s matured to the point where centralization has emerged from decentralization. Bitcoin’s original premise was P2P, one computer amongst a sea of computers. Nowadays, there are mining farms spread all around the world that outpace the hashing power of a single miner and the only way to stay competitive is to scale upwards.
edit: stumbled upon this article (2020/01/20) that might clarify my concern
It’s matured to the point where centralization has emerged from decentralization. Bitcoin’s original premise was P2P, one computer amongst a sea of computers. Nowadays, there are mining farms spread all around the world that outpace the hashing power of a single miner and the only way to stay competitive is to scale upwards.
edit: stumbled upon this article (2020/01/20) that might clarify my concern
https://decrypt.co/54650/china-bitcoin-market-report