I recently read 'The block size wars' #bookstr I side with the small block camp in seeing the need for nodes needing to be able to be run by average users and also the need for the transaction fees to cover mining costs once the block subsidy end. However, I recently read that there is not enough capacity for everyone on the planet to open and close lightning channels. Is that just FUD? Has the fee rate been modelled? What are the incentives that ensure Bitcoin block size or scaling solutions get the right balance between usability and security? Is it UASF's to lower mining revenue and competing forks?
Discussion
I don't expect everyone in the world to use Bitcoin. Is that FUD?
Yeah, eventually money is a winner takes all game where people chose the most salable commodity to store value.
I think if and when the need becomes apparent, options could be considered for scaling. I just don't know what alligns the incentives if the miners and users to get the balance right. Is it just shitcoin competition?