I think it is about time that we raise the block size, to give segwit adoption and LN more time. Being that the blocksize increase would be done by core we can trust they'll do it right, so why shouldn't it be done?
i agree. we needed the block size increase with SegWit2x (New York) agreement. everyone was on board, miners, businesses, wallets,... but developers weren't so the community didn't get on board either. and that was the thing that activated SegWit in first place!
and now nobody is implementing SegWit, the big wallets like blockchain.info and Coinbase aren't doing it. exchanges apart from 2 or 3 aren't implementing it. and people are still not using it.
Problem being, once the blocksize is increased, there's effectively no going back. So I do understand Core's conservative blocksize philosophy.
It may hurt short- to mid-term, but I think in the long term BTC will be fine, because...
If we delay too long BTC will lose its dominance and when that happens it is all over.
it will lose dominance but it won't be for long.
because altcoins have the same scaling issues and then some more.
what will bitcoin lose its dominance to?
[...]
^ this.
I have yet to see an alt with a scaling approach that actually convinces me. So in the end I personally am still on-board with SegWit1x blocks for a safer, long-term perspective, despite the current short-term problems. You gotta look at the bigger picture. If all goes well these 1-2 years of shitty fees we are looking at right now will be nothing but a minor bump on the road.