Definitely bigger blocks increasing as new fabs come online. Should be based on innovations in either storage density or the deflating cost per GB from new economies of scale.
Discussion
Bigger blocks. Without self custody, bitcoin has failed
Yea, pretty much. 🤝 Counterparty risk breeds credit.
Not on my node 😉
At least wait until he puts the gun away.
I'm suprise to hear you would use your node to defend a network of custodians and banks
What good is your node if you don't use base chain? Imagine a scenario where onchain fees are 500 usd a tx. Only big corps and banks can pay that. What then?
Thank you for the question. It helps me to understand the potential issue. Let's start at a $100 fee level. Say bitcoin gets to $100,000. Moving 0.2 bitcoin would incur a 0.5% fee. What do you think of these numbers? I am okay with federated solutions for smaller amounts.
The problem is that if bitcoin keeps getting a lot more adoption, everyone will get priced out, specially ppl in the third world, even L2 like LN or Liquid will take a hit if base chain fees are too high. Don't forget we already had a "block increase" with segwit otherwise fees now would be a lot worse. Custodial solutions and many L2s will always play a part but sooner or later base layer will need to increase so that L2s can also be smoother. I think the only question is how is the block size increase done.