Replying to Avatar elsat

Here's my new understanding of it after debating a little:

1. The fees are low for BCH because nobody is using it.

2. Larger block size DOES relieve congestion.

3. But even with 32x less congestion, it's still not enough to process all the world's transactions.

4. In the Bitcoin future that we want, where all the world's transactions go through Bitcoin, we would need something like 1GB blocks every second to handle the throughput.

5. Therefore some other solution is inherently needed in the long-run. BCH only solves a short-term problem.

Although... I think a short term solution could be huge for growth and adoption. And Lightning has all sorts of problems. I'm still a little mixed on it.

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Keep going!

There are useful analogies by Bhatia with the fiat monetary system

You're a quick study

Bitcoin derives its value from decentralisation. Design space to keep the network decentralised is super narrow, in a very counter-intuitive way. Even if there was no custodial layer 2 possible, we (the nodes) would still not accept changes that reduce decentralisation.

The problem is, if your "solution" is outside of the consensus of the Bitcoin protocol, it's a non-solution, because now you have a consensus problem. There were somewhere near 100 "solutions" proposed during the blocksize war, each of them more arbitrary than the next.

The most dangerous and centralizing on practically every level action that can be taken to "fix a problem" is to fork consensus. There is little that can be done that exposes more risk to the entire Bitcoin network and ecosystem than this. And to take this enormous, impossible coordination action for the sake of what? 2MB, 10 MB blocks? Which are less than a drop in the ocean compared to the scaling problem.

There are 100 other reasons why its a bad idea, but the two facts alone; that its the most dangerous & centralizing thing we can do, and it does literally nothing for the long term scaling problem, is enough to throw the option in the trash, imo.

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