Since i didn't find word "size", "block size" and "hard fork", i'll ask these question to @franky1
1. Do you think increasing block size limit is the only option for scaling (since you're not fan of SegWit, Taproot and LN)?
2. How should Bitcoin community determine block size limit? Arbitrary number (4MB, 32MB, etc.)? Based on hardware/internet growth? Based on cost of running full node (e.g. maximum $500 for initial setup and $25/month for operational cost)?
1. there are many ways to increase transaction counts.
a. reducing the tx_signops_limit. dis-incentivises big corps from filling blocks with just a few hundred transactions,
b. using the now allowed 4mb 'quota' remiving the still existant 1mb wall. and the cludgy math that goes with it, allows full 4mb utility rather than constraining transaction data to the 1mb limit
c. also changing the fee formulae to make 'spam transactions (those that spend multiple times a day/every block, just to bloat blocks) more expensive will cut down the amount of needless transactions, giving more room to genuine spenders
2. we are not in 1999 days of floppy disks and dialup.
in 2010 average internet speed was
1.9mbsin 2022 average internet speed is
58mbsthats a 29x scaling of internet speeds
hard drives are now 4tb and within your range of costs(~$100 ~£75)
a raspberry pi and a 4tb is within your $500 spend limit
as is a $400 desktop with a 4tb hard drive upgrade
as for your monthly internet cost..
without even considering if an average american uses bitcoin.. just to get good internet for real life entertainment the average american spends
$61 on the internet.. so i think you have set a very low bar for monthly costs of $25..
but converting YOUR $5 low bar to UK£ .. yes i can get more then 60mbs for £20 internet with no monthly cap
so lets say people upgrade their computer every 6 years
meaning ~600gb a year. is about 11mb per block..
now im not saying lets jump to 11mb a block now because hardware and internet can cope with it.. im just saying.. internet and hard ware can cope with it so people need to drop the 1999 internet/hardware spec propaganda and realise its 2022
as for what the community wanted in 2017 was a 2mb base atleast. i would now say thats about 4mb base block as a acceptable way to go. and that can be achieved by just removing the 'weight' miscalculating cludgy code and just having the maxblocksize as 4mb straight and open for full transaction utility. along with a new fee formulae and sigoplimit reduction to avoid bloaty spam
