Two years ago he threw a bitch fit and said if we don't increase blocksize, the network will die. Now, Circle is taking their $138 million and leaving along with many, many others. The congestion has jammed up the network and it is no longer useful. While we still have our pure values of decentralization, we also have a dysfunctional system that no longer serves many of the original intents.
We should go to 8MB today. Keep building LN so we don't have to one day go to 16MB. That way, all involved in making blockchain projects will stay with Bitcoin instead of running away to other FinTech like Jeremy Allaire.
We CAN have it both ways! 8MB is the new 'small block'.
no
dynamic blocks are the only way. that way we are not getting spoonfed by devs every few years with new limits but instead letting the network naturally decide.
as for circle and hearn.. they along with blockstream are happy with hyperledger income and we have blockstream devs delaying scalability and just giving us spoonfuls of expectations
(remember 2009-2013 the ~4500tx
7tx/s hype... guess what 1mb base segwit only offers ~4500tx(
if 100% of users use segwit)) thus not really growth. but instead going back to OLD expectations. pushing the same stone down the road
all thats left is for blockstream to give up the ruse and say 'thanks for the fish' before they publicise their hyperledger involvement