I think what it comes down to is two separate visions for Bitcoin:
Vision 1: The block size limit should be used as a policy tool by a group of experts to balance fees with security/decentralization.
Vision 2: The evolution of the network should be determined by the code we freely choose to run, and Bitcoin should scale with demand through a market-based process.
Vision 1: The block size limit should be used as a policy tool by a group of experts to balance fees with security/decentralization.
Vision 2: The evolution of the network should be determined by the code we freely choose to run, and Bitcoin should scale with demand through a market-based process.
This is complete bogus as usual Peter.
The evolution of the network is already determined by the code nodes choose to run.
In this case they unanimously chose to retain the 1 MB cap until a better proposition comes along.
Maybe they're waiting for "Bitcoin unlimited"?
