Minimum benefits, lots of potential damages. XT only worsen the situation of bitcoin. Investors are panicking now because of the "split" which is just unnecessary. Idk why they are pushing bigger block size when in fact 1mb is just right in this current times. What's the most plausible explanation why they are pushing higher block size?
1MB isn't right. We're already at 50% capacity(and increasing). I think the recent stress tests showed us that 1MB isn't sufficient.
LN looks great, but it's not ready yet and won't be for a while. This will help hold us over until other scaling solutions are ready to be deployed.
I don't like the increase schedule in XT, my hope is that XT is the catalyst to get Core team to agree on some sort of increase and we can reassess later once we see how other scaling solutions are progressing. Just because the network moves to 8MB blocks now doesn't mean that we're beholden to the every two years schedule built into XT now.
The stress tests proved that blocksize isn't an issue. I love how some people come to the completely opposite conclusion.
Even with magnitudes more transactions than usual the network ran smoothly. The doomsday backlog that the stress test people projected never materialized, transaction fees went up to balance the spam and legitimate transactions continued to go through in the next block.
The Bitcoin Core team said block size doesn't need to be increased, and many people here have that view. Propaganda in the media is tricking many into thinking this is an issue when it is not.
And what about when those spam transactions are real users trying to really use the network? Do you propose a constant bidding war between users trying to get their transactions confirmed? All that's going to do is frustrate users and stall adoption.