Conclusion
Restricting the size of blocks to 1MB permanently is great if you are a major financial services company Blockstream.   You could co-opt a very robust network, act as a trusted intermediary and force direct users off the chain onto centralized services.  For the same reasons, it is a horrible idea if you even want to keep open the possibility that individuals will be able to participate in that network without using a trusted third party as an intermediary.