Segwit is more like 1.3MB equiv, to 1.75MB equiv in a rosy scenario. It also gives a heavy discount to signature heavy transactions like the vaporous LN. Most importantly, the "soft" fork method allows no room for protest at the node level.
It has the added "benefit" of leaving all non segwit nodes in a half broken state, not able to fully validate. All done without their request or permission.
way to understate segwit.
1.75x incess is HUGE!
scaling bitcoin isnt about how big we can make the blocks, but how efficiently we can use block space
Thats a bit mad really, isn't it?
Needing to use space more efficiently, when in reality its not in short supply at all. Except that it is decided to be.
And by increasing complexity? hmmmm.
1st world problems, eh?
Is China in the 1st world? Blocks sizes is a China issue. Actually a China government issue, cause firewall.