Ethereum founder Vitalik Buterin wrote an
medium trying to explain the concept of "decentralization".
Correction: Vitalik wrote something to play with words and justify the centralization of his own shitcoin called Ethereum which is very much centralized.
a large amount of new computing power is pouring into Bitcoin mining, and the mining competition has become increasingly fierce.
Or better said, bitcoin's network security has grown tremendously.
When the computing power of the entire network is increased to a single node or a small number of nodes cannot obtain block rewards in the Bitcoin network,
Nodes could never "obtain block rewards" the "work" that the hardware performed did. And the way Proof of Work is designed is increasing the required work with the number of users (adoption) hence it requires more specialized hardware.
When there is a bug in the Bitcoin program or new features need to be added, the Bitcoin core development group , will propose a solution.
Misleading.
Core developers are a handful of people, contributors are a lot more. Any contributor can propose a change to bitcoin protocol not just the core devs.
1Bitcoin program fixing bugs or modifying the protocol is determined by the Core development team
2Whether the Bitcoin program update takes effect is determined by the mining pool.
3You don’t have the right to vote if you own Bitcoin.
4Core development team and miners can jointly modify the program.
This is misleading too.
What happens is that any change from anyone first has to be proposed publicly and will be discussed among those with technical understanding of how Bitcoin works. Then if the proposal is deemed worthy it would be implemented as code and then the testing starts to find any possible problems with the code or improve it. Again this happen publicly and anyone can contribute.
Finally after enough time has passed and the proposal is well tested and accepted by "experts" it will be merged into reference implementation for the public to approve which includes miners voting and node owners upgrading their software to show their support.
Suffice it to say that any proposal can fail in any of the above steps if it is not accepted.
But the user who suffers is the user who has no right to participate, only the right to use it.
The "user" who has only bought some bitcoins hoping to make some profit and doesn't even understand how the protocol works doesn't get to participate in any of the steps including development or signalling.
Of course, ordinary users themselves can also compete for computing power with major mines.
but...you know ) A large number of transactions are blocked, transactions have not been confirmed for a long time, and transaction fees have increased.
In my opinion, Bitcoin is not completely decentralized. But it is still the most important step in the decentralization process.
There is no relationship between these 3 statements that you posted one after the other.
- A major miner is just an ordinary miner who were willing to take a much bigger risk and make a much bigger investment. It is only fair for those taking bigger risk to have more hashrate.
- We can not have blocks with infinite capacity, there will have to be a cap and as long as there is a cap there will be a fee market and competition over that space.
- Decentralization of bitcoin has nothing to do with any of that.