We all know centralisation trend in btc is a problem (talk about chinese miners and so on).
Here is the deal: when btc mining becomes indsutrialised in large miningoperations it looses it's value. The coin will be dumped into oblivion until these large operations go broke. Price could crater, hashrate and difficulty drop. But be not afraid. As the largest operations will go bankrupt and everyone panics smaller miners will fill the gap and the network will return to a more decentralised state.
So in effect btc will swing between decentral and central.
Once greed makes people invest in football-fields of mining hardware it's time for a reverse to liquidate these operations. It's an automatism. A feature, not a bug
Thoughts on this?