Quote from: BlackHatCoiner on June 22, 2023, 10:05:16 PM

If $2,000 will be the reward per block, then there won't be a point on having Bitcoin in the first place. If ~$2,000 is the average block reward in a decade or two from now, then it'll already be dead. The $2,000 is the side effect. The cause is the fact that nobody uses it.

The discussion started about the reward being gone, you're still relying on the block reward, what happens when that ain't no more, cause you mentioned thinking for longterm and not short-term solutions like the one I proposed/
Block 765431 765432 was not full Cheesy

, had only $2,156 in fees, those will be the ones guaranteeing the network protection.
It's no other way round you either have enough people to pay for it or you don't!

The only time the current block reward was matching the fees was when we had a media of $20 per tx, do you think that will keep being the norm, and people will till pay for it?
Not to mention you're forgetting another aspect, right now 100k a block for miners guarantees a level of protection that means you have to spend 10 billion in order to attack Bitcoin, valued at 600 billion market cap. What happens when the total value of the network will be 10 trillion, will 10 billion in protection be enough?
See, I'm thinking long-term, far longer than you thought, and sorry to say but your solution right now is wait and see!

Quote from: BlackHatCoiner on June 22, 2023, 10:05:16 PM

Define me the ideal block size, and tell me the reasoning behind it.

Where a full block of fees paying 2-5 satoshi guarantees a level of protection that means you need 10% of the market cap to attack it.

Quote from: BlackHatCoiner on June 22, 2023, 10:05:16 PM

We're currently paying about 10x in fees, and I don't see lots of people being uninterested.

400k a day? Grin

If you say that is a definition of adoption then you agree where on the same level as dogecoin!
Btw, the last block fees were $9,327, 5% of the total reward, you will either have people paying 20 times as much or, quite interesting have 20x times more people paying the same. That would mean 8 million transactions or 1/3 the number of card transactions Visa and MasterCard do in France alone.

Quote from: BlackHatCoiner on June 22, 2023, 10:05:16 PM

Except that I never argued we can reach global adoption with solely lightning.

Then with what? Binance or Coinbase credits? Bank of America IOU bitcoin?

Quote from: ETFbitcoin on Today at 09:49:22 AM

Didn't Satoshi suddenly change maximum block size limit to 1MB on Bitcoin-Qt source code without any explanation?

There was no explanation but a reason, and that was spam.

And there is a more interesting thing, garzik introduced a patch to increase the size limit, Satoshi opposed because of incompatibility but his words were
https://bitcointalk.org/index.php?topic=1347.msg15139#msg15139

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+1 theymos. Don't use this patch, it'll make you incompatible with the network, to your own detriment.
We can phase in a change later if we get closer to needing it.