The centralization of Bitcoin nodes because of block size is a lie.
The assertion that the centralization of Bitcoin nodes is due to block size is a fallacy. During the 2017 split between Bitcoin BTC and Bitcoin BCH, computers were fully capable of managing 4Mb blocks without the need for specialized hardware. Standard home computers and residential internet connections sufficed. Today, the blockchain can comfortably accommodate a 32Mb size without compromising decentralization. With a modest investment in high-end computers, node operators could even support a 128Mb blockchain.
Contrary to claims made by proponents of smaller block sizes, the reality in 2017 was that a $500 computer could effortlessly handle a 4MB blockchain. Adding a separate HDD, and potentially having an extra HDD in a laptop, made it clear that even larger block sizes were feasible. It appears that advocates of smaller blocks employed propaganda and censorship tactics to manipulate the narrative at that time. In 2017, a 2TB HDD cost a mere $100.
If you read the hard drive prices in 2017 2TB HDD cost $100 or less.
https://jcmit.net/diskprice.htm
Fast forward to 2023, and a regular $500 computer equipped with a $300 20TB HDD can sustain the blockchain for a decade. Specialized network connections are unnecessary, as a 200Mbps internet connection can capably manage the network traffic for both incoming and outgoing requests. With an $800 investment, one can enjoy cost-effective transactions for 10 years by utilizing the genuine Bitcoin, BCH. In comparison, the fees associated with current Bitcoin transactions would render just 15 transactions sufficient to offset the costs, provided one runs their own BCH node instead of paying miners on the BTC network.
Moreover, it's noteworthy that a high-end computer, suitable for gaming purposes, can effortlessly handle a 128Mb block size today, with a 200Mbps internet connection managing all traffic even during the node's seeding process. The total cost for such a setup remains below $5000.00.
Given these technological advancements and cost-effective solutions, it is crucial to question why the narrative of small blocks below 4Mb centralizing the network persists. Present-day everyday computers can handle 128Mb blocks, and a 200Mbps internet connection is more than sufficient for the chain and seeding processes. It's time to dispel the unfounded claim that small block sizes compromise decentralization.
So why are we still accepting the lie that small blocks below 4Mb decentralized the network? When Current everyday computers can handle 128Mb blocks and a 200Mpbs internet connection can handle the chain and seeding process.
