jameslewis on Nostr: Add it stands, if the world started using bitcoin today, it would be multiple decades ...
Add it stands, if the world started using bitcoin today, it would be multiple decades between transactions per person. That's not enough throughput. The small block position wasn't "1MB forever." Have you read the book?
The reason for the "1MB forever" position is a result of needing to protect Bitcoin, not because it's the best blocksize. Why not halve the blocks and say 512kB? If smaller is better, than why not just a header? You need transaction throughput, and the war was not over the exact size but the pace of change, game theory and incentives, the role of user nodes, and the rules about updates.
The reason for the "1MB forever" position is a result of needing to protect Bitcoin, not because it's the best blocksize. Why not halve the blocks and say 512kB? If smaller is better, than why not just a header? You need transaction throughput, and the war was not over the exact size but the pace of change, game theory and incentives, the role of user nodes, and the rules about updates.