Much of the debate surrounding bitcoin's scaling problem seems to stem from two different visions of what bitcoin should be right now: a store of value or a peer-to-peer digital cash system. Both sides agree that in the long run both of these properties should be met, but the question is: Will bitcoin hold value even if TX throughput does not scale soon or do we risk losing our first mover advantage if bitcoin is not able to fulfil its promises as a peer-to-peer cash system soon.
I would love to hear some arguments from both sides of this debate
The irony is that in order to be peer to peer CASH you cannot have big blocks, and in order to have fast onchain transactions you would need HUGE blocks, which means the coin is no longer cash, it's just peer to peer payments...
So you have to choose:
1) Big blocks with centralized network and fast and cheap big volume onchain payments
2) Conservative blocks with decentralized network with second layer on top for the fast and cheap big volume payments
Option 2 is the common sense one: you dont want to centralize the network.
THERE ARE NO OTHER MAGIC SOLUTIONS.