Just a reminder. SegWit is a transaction limit proposal, and if activated it will be much harder to increase transaction capacity on chain knowing that post SegWit increases comes with 4X the block weight.
I would like to understand more about this. I know that there is a transaction piece and a witness piece, but why can't they simply both be increased
in a linear fashion in the future?
here are the economic policies being pushed by incumbent developers - they unanimously support limiting bitcoin transaction:
There is a consistent fee backlog, which is the required criteria for stability.
we - as a community - should indeed let a fee market develop, and rather sooner than later
Slow confirmation, high fees will be the norm in any safe outcome.
Reasonable block sizes currently range from ~550k to 1 MB"
higher fees may be just what is needed
A mounting fee pressure, resulting in a true fee market where transactions compete to get into blocks, results in urgency to develop decentralized off-chain solutions.
ahh the old bandwagon... a tried and true propaganda technique. works every time. i mean, they can't all be wrong can they?