Ironically, I have no real problem with going to 8MB. I only want to make sure that it happens AFTER a workable scaling mechanism to support 'every frappuccino purchase worldwide' has been fielded and proven.
That's probably exactly what Blockstream wants too. With of course, their business interests cemented and future profits ensured.
Who the hell would
not want that?
BTW, neither you nor anyone else produced a plausible way in which Blockstream was going to somehow dominate the planet (or even make much money) by developing the technology they are working on and open-sourcing it. I had a thread dedicated to that purpose and got basically zero bites. Remember it? If not I'll dig up a link.
Anything that's not mainchain is unproven at best. Forestalling a blocksize increase is bad for bitcoin and self serving, and everybody knows it.
Wrong again Bob. As a hodler I believe that I would make more money quicker of we did an infinite block size and handed things over to corp/gov.
I've been obsessed with the data rate and how to mitigate the weaknesses high data rates expose since I first read the whitepaper. It is not surprising in the least to me to see the people I have the most respect for and trust the most addressing the issues in the same basic way that made sense to me years ago (through subordinate chains.) I am also delighted that they are going well beyond where my imagination was capable of going and are working on some methods which will trim off many of the rough edges I imagined.
I'm still waiting for an actual plausible mechanism by which Blockstream is going dominate and corrupt the ecosystem, by the way.
I didn't mean to imply there isn't great potential, but its certainly unproven compared to mainchain, and the stalling is harmful.
Good for you if you trust blockstream. I trust that they will do what they think benefits their company the most.