If you can't self custody on a crypto because fees are crazy, these crypto is a garbage. Isn't funny to see that Bitcoin Cash blockchain is 3 time less bigger than Bitcoin Core with the 1 MB block size ? What if... big blocks where right ? 😄
Discussion
It's smaller because there are fewer transactions going through it.
Even assuming the Bitcoin Core blockchain will be 10 time bigger, supposing even 10 TB, well it's around $150 and we know the price will be less and less over time. You can prune it too, so this argument is not valid and it wasn't at all in reality. Satoshi said Bitcoin was able to scale on-chain, fees where never intended to be this high, but the lockdown was made for profit. You can say there L2 but it's not Bitcoin, it's another network, even worse that mean there is incentive to keep the fees high on the Bitcoin network, it's a clear conflict of interest. And even worse, people are pushed to don't get out of LN because of fees, we can expect in a near future where Bitcoin transactions will only be accepted via LN, not on-chain, say hello to enforced custodial solution... Schwab and Trudeau will be happy 🤡
I think blocks that are too small and blocks that are too big do the same thing, create centralization. when blocks are way too small, not everyone can own their own UTXOs or open their own channels or whatever. they get stuck using custodial apps like strike unless they are rich. when blocks are way too big, it gets very hard to run a full node and check the network, and you are lucky to have maybe a couple thousand people who bother to run nodes on enterprise grade hardware. that's not great either.
I don't think that making blocks a little bit bigger is particularly dangerous compared to the dangers of letting custodians control everyone's money. it's really a case of the lesser of two evils. but I do think that there could be some way out there to increase the number of concurrent self-custodial users without necessarily doing a blocksize increase. it might look like ark or it might look like ZK rollups. in any case, you ain't getting scalable self-custody on bitcoin without changing the consensus rules somehow. and if you don't do it, the whole thing will get taken over by banks and you lose the qualities of bitcoin that make it special. you have to do something. not doing anything is the wrong answer.
From the Bitcoin white paper: 