Counter-Argument: This is B.S. Storage drives are pretty cheap. If someone can afford $50 a year for a node, they could afford $60. Storage is only getting cheaper as we move forward.
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Counter-Argument: This is B.S. 99% of blocks are found by mining pools that spend thousands of dollars a month on operating nodes across the globe, running on a gigabit fast internet connection. They could handle a 40MB block just as easily as they handle the 4MB block.
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Counter-Argument: This is B.S. Just because you build a small road for a highly populated city doesn't mean you increase toll revenue; you are just forcing poor people to stay off the road. The argument suggests that if blocks were 8MB, there would be 2x more transactions paying 50% the fee, which means cheaper transactions for everyone but the same profit for miners.
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Counter-Argument: This is B.S. 99% of blocks are found by mining pools that spend thousands of dollars a month on operating nodes across the globe, running on a gigabit fast internet connection. They could handle a 40MB block just as easily as they handle the 4MB block.
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Counter-Argument: This is B.S. Just because you build a small road for a highly populated city doesn't mean you increase toll revenue; you are just forcing poor people to stay off the road. The argument suggests that if blocks were 8MB, there would be 2x more transactions paying 50% the fee, which means cheaper transactions for everyone but the same profit for miners.
Savage!!!
Let me add a thing to the first.
So bitcoin node owners were supposed to be bitcoin users too, and by this I mean at least one tx a week, but let's d it one tx a month!
If you're a a master on coin control and you magically can only use one output for all your expenses all year , at the current fees you're going to pay only $30 for a tx, that means $360 a month, which is the price of a 8TB drive.
Let's assume 16MB blocks, 2.3GB a day and you have enough space for 9 years!
As for node propagation and the poor guys living at the end of the remotest village in a fourth word country, how many of those did had internet in 2009?
I got a downlaod Mbps 247.29 upload Mbps 183.21 in a winter resort in the mountains right now to Darwin Australia on a hotel network and people still talk about 4MB propagations in 10 minutes?
How the FUCK (YEAH CAPS) is Doge being able to do this fucking shit in 1 minute?
Sad fact? Indeed. Will it change anything? Hell no.
Yeah, we should start get used to this.