Leaving block size unchanged will have Bitcoin lose its first mover advantage

[QuantumAGI]

Bigger blocks will mean more transactions per block and more overall fees while keeping transaction fees low. This is the preferred way for miners to achieve greater overall fees which will help Bitcoin remain competitive whilst continuing to grow. Creating artificial demand is not a good idea for the same reason...

The more bitcoin sitting in blocks awaiting confirmation the higher bitcoin's price will go. This means that minimum transaction fees will also keep going up. So both minimum transaction fees as well as the number of fees will be going up. Miners should therefore not be concerned about bigger block sizes.

Leaving the block size limit the same will lead to greater change than increasing the limit - once the limit is reached. Breaching the limit will not lead to a smooth transition but rather lead to panic and further stress on the network. In contrast increasing the limit will have no short or medium term effect. Once the previous 1MB limit is reached it will be business as usual as transactions continue to grow past the limit. The purpose of the 8MB limit, even if not required in the short term, is to prevent denial of service by attacks or "tests" which already approached the 1MB limit.

Once the 8 MB limit is in place there will be breathing room to look at other technologies, none of which are ready for prime time.

[Ledge]

I completely agree. The current block size stops bitcoin from growing and stops companies from considering bitcoin as a payment method. A maximum of 576000 transactions per day is laughable compared to Visa or even Paypal.

And what happens when someone wants to send more legitimate transactions than the bitcoin network can handle? Apparently Luke-Jr (one of the core developers) simply tells them to not do that. He actually doesn't wan't people to use bitcoin like it's supposed to be used, instead he calls it an "attack". This makes literally no sense to me. If using the network like it should be used is considered an attack, then the network is massively flawed and will never work in the long run. Something else will take its place eventually if it's not fixed. This is the comment I'm referring to: https://www.reddit.com/r/Bitcoin/commen ... te/cv95cfx

[LiteCoinGuy]

and as far as i know the moron Luke-Jr is the only one who wants even smaller blocks

i cant handle that. when we wait until 100% of all devs agree on a block increase we are fucked. so iam thankful for XT.