Well no, not really. The block size should be regulated by fee's not an artificial cap.
Thanks for the answer to my last question though.
Sam
This is correct, or Bitcoin will be replaced by another. Do the devs really think people will be ok with Bitcoin, a currency worth 100 Billion in 20 years, with a 1MB blocksize cap? Nope.
If the Devs really think SD is a problem, they haven't seen anything yet. Bitcoin can't handle more than 1000 transactions a second? There is no way a Bitcoin will have value in 20 years!
Why are they so stubborn? This is the single biggest hole in our Bitcoin fantasy.
it only means that we will inevitably need to embrace multiple blockchains. They could be clones of bitcoin or they could be competing cryptocurrencies like litecoin. With a little luck cryptocurrency echanges will be decentralized censorship resistant and ubiquitous in the future. If this is the case than this will make the whole problem a non problem. I dont think this means is that bitcoin will be worth nothing some day, what i do think this means is that bitcoin as we know it has a soft cap on its value. Probably this cap is much higher than 43 dollars or w/e bitcoin is valued at right now.