Increasing blocksize might decentralize Bitcoin. It results in less nodes existing due to higher cost of operating, yes. But this makes UASFs harder, as less potential users can participate, which takes power away from development groups, weakening the prospect of developer capture. The miners are the ones that are supposed to govern Bitcoin anyways, not nodes or developers.
Finally, I don't believe blocksize affects mining distribution. Mining is a game of "do it more and more until it's no longer profitable to do so". For this reason, as the price of running a full node goes up, this just becomes priced into the costs of mining, resulting in decrease of hashpower, but not profitability. Once the block subsidy runs out, the price of transactions will be priced in a little better (it could become slightly more expensive), and mining will be profitable by default, as long as there's a stable network with stable value.
Thoughts?
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source https://www.reddit.com/r/btc/comments/f46m9t/i_had_a_thought_earlier_could_increasing/
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