lol
those posts are exactly what I meant. It's elementary school all over again

I am not generally against increasing block size, but against doing it for the wrong reason or too eagerly.

The pace of increase has to be algorithmic, driven by market forces and advances of technology, not cenral planning or cartels.
The algorithm we have now, that fits above, is that of the difficulty adjustment.

It is plausible to me that difficulty stalls or falls if mining is no longer highly profitable, in which case block size limit should not be increased. This is actualy the line of thought that makes me think an increase of block limit at this time point is not warranted.

Linking block size increase with difficulty adjustment would be technically straightforward since difficulty calculation already drives validatation, size limit could be just one more of it its output and implied checks.

What I meant is not a vote by hash rate, that would be a cartel. Difficulty increase is also not a vote but a consequence of market forces and technology.

It is important to preserve the proposed role of fees, that are to two fold: contain spam and replace inflation on the long run.
Eagerly increasing block size would be contrary to both.

Max block size could be retargeted periodically alongside difficulty adjustments using average block size and the frequency of full blocks in a period with the hard-coded value as a floor.

Imagining the necessity of 20MB blocks relies on the assumption that a massive increase in transaction volume develops, but what if it slows significantly?  Bloated block broadcast delay might temporarily even be useful as a competitive advantage.  When fees outweigh reward, doesn't the mining market encourage bloat?

Also, with a hard limit on size, won't the conversation on manual adjustment resurface indefinitely with increasing political difficulty?

And this is a point that I have been trying to make (we don't need to put every single transaction in the world into one blockchain).

I agree and thats why we will have sidechains.

Thanks (it is nice to have your response rather than all the trolling I've been getting with people thinking I am trying to flog an alt-coin or whatever).

And I do agree 100% that the current Bitcoin TPS is not going to be very useful in a few years at all (if it stays as that then it could only end up being a "store of value" system practically).

Okay, I'm going to start by saying that in the short run (next four or so years) there is no escaping an increase in maximum block size.  So yes, definitely do that.

However, in the longer term, that's still supralinear scaling and still potentially faces scale problems.  So we need another solution.  We don't need altcoins whatsoever.  It's possible for a single cryptocurrency to exist as multiple blockchains.   There can be a central blockchain that does hardly anything else than mediate automatic exchanges between address spaces managed by dozens of side chains.

Transaction times where you have coins on one side chain and need to pay into an address that's on a different side chain would become longer, because now two transactions that mutually depend on one another must appear in two separate blockchains.   So that's annoying if your wallet can't find coins that are in the same chain as the address you are paying to. 

Within chain A, a cross-chain tx might appear as "Han paid Chain B in tx foo-a" and in chain B it appears as "Chain A paid Chewie in tx foo-b"  And if that result would cause chain A to have a negative balance, it triggers "Chain B paid Chain A half of chain B's positive balance in tx foo-central" in the central blockchain.

Anyway, you'd have to at least temporarily track the central chain, any chain into which you're paying, and any from which you're being paid, like a lightweight client.  Beyond that, you'd have the option of actually having the full download and proof all the way back to an origin block of any subset of chains that interest you.

There are always altcoins to pay for the coffees, but still there can be no doubt that 1MB is not enough. I cannot believe people seriously oppose the increase! After all it will not make the blockchain 20x bigger, it will only make the blockchain as large as needed to include all transactions, once the 1MB limit is not sufficient anymore.

So people who oppose the change are basically saying, BTC transactions have to be severely limited (at around 7 TPS) forever, just to stick to the 1MB limit forever. That is nuts.