Yes, at a 1mb transaction limit, it would scale linearly from today's worst case and still allow any transaction that is currently valid.
Who are you to prevent me from making a 1.01 MB transaction if the block size allows it? I see a bad precedence here.
If you pay for a data rate and they don't deliver that data rate they have breached your contract.
Flat rate is usually based on fair usage. You should read the small print.
Other coins are working hard on massive throughput and are continuing to grow.
None have succeeded with that, nor do they have many users. Not that this is a bad thing.
The promise of bitcoin was not that everyone can run a node. The promise was that no single entity could control the issuance of money.
They are both related. You lose decentralization, you will also likely lose values such as that. I disagree with the last part, that was not *the only promise*.
The good news is that if it doesn't, some other coin will.
There isn't even a single viable candidate yet.