Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).
What's the size of the mempool?
What's the size of the mempool?
Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else.
at least we agree on the problem : not enough tps. saying that excluding the fees. I agree it's problematic to modify the blocksize. But 7 tps is quite low for a worldwide system.
my problem with lightning is that it's another layer of instability / security issue. I find way more simple to raise the block size and if you look at internet connectivity or harddrive space or processing power since 2009 there has been a big increase in performance. Today a 100mb block wouldn't hurt anyone. but to be more gradual a 10 mb is nothing special.
who will control the lightning network? with a 10 /100 /1000 mb block consensus there shouldn't be any more problem as of now.
I agree a move to bigger blocks solves a lot of problems - I would like both big blocks and other solutions, and a long term pathway to deal with things as usage expands (and the moon on a stick

We are still using a network that was inefficient with 1mm wallets in 2014 when we now have close to 14.5mm wallets open
I am not against others solution on top of the chain. but just that the main chain should be usable without any addons. if users want a lightning what ever options next to it, I don't care but just that if their system has a systemic failure it doesn't impact the main chain but just the users of the optional layers.
Make bitcoin great again
