care to create a constructive response on that?

Cross post to one of the three threads going about this

Let's get him on the phone and see what he says.

It is not, at extremis, about a little bit of profit margin more or less... It is about total PWNing of everyone not in the top however many percent you have to be in to get the limit raised to where you are just fine thanks and all the moaners and crybabies who were, afterall, just cutting into your top percenter obscenely vast income, people who you can employ far better as menial codemonkeys or sysadmins or branch-managers or whatever than by letting them run around encroaching into your top-percenter domains of rulership, are PWNed.

It is a slippery slope, and there might not even be any mechanism to prevent the already existing pre-bitcoin establishment's 1%-ers from remaking the entire resistance movement against them that bitcoin once might have been into just another back forty of their empire.

So far our primary stength has been the world's most difficult proof of work, in the hands of we the people, a power hopefully sufficient to enable we the people to finally, after all these centuries escape the whole paradigm of 1%-ers versus the 99%.

Now some of us seem to suspect we are starting to see the arguments of the 1% insidiously arising ready to corrupt and undermine the entire experiment, turning it into just another too big to fail, too big to hide from Big Brother therefore too vulnerable to being seized by Big Brother tool of, ultimately, good old Big Brother himself, in poison.

-MarkM-

s/the blockchain/the primary blockchain/

Also, I am pretty convinced we can double the max block size every eighteen months fairly safely, or if not that much then maybe increase it 50% every year, so I am really more on the lets do absolutely minimal increases to ensure normal consumer machines upgraded every five years or so can keep up side than the lets never increase even when the machines we pick up at the furniture bank for free see the entire blockchain as trivially small and 7G networks flood the city making internet free pretty much everywhere that isn't a total middle of nowhere wilderness/backwoods side.

-MarkM-

There is most likely no need to do incremental changes. There are already pretty good looking suggestions on how we can simply let miners decide the block size. To do that we would need some fairly strict rules for how long validating blocks by regular nodes can take until they are rejected. This would create a cap for the block size that is actually relative to the processing power of most full nodes. That is something we want, I think.

The other interesting suggestion was linking mining difficulty and the block size. Those are the two decent suggestions so far. Finding a long term way to fix this is much better than simply making a one time increase. If there is a one time increase, it should be a massive increase together with a smaller soft limit, so that the soft limit can be raised more easily in the future if necessary.

+1

Freedom creates beauty every time it is tried.

Centralized services handling a larger amount of payments has another drawback that hasn't been discussed much, it's the fact that using a fractional reserve would become much easier. As long as the blockchain itself is the dominant transaction platform, widespread use of fractional reserve is impossible. This is one more reason to do everything possible to keep as much of the transactions in the blockchain as reasonably possible.

With this I mean the exact same thing as Gavin meant. Subcent transactions should be disregarded as not viable. Transactions worth more than $0.01 should be something that Bitcoin can handle. There really is no reason why it can't, only a whole truckload of FUD.