I’m not ideological about this, but I don’t understand how it’s not obvious to anyone technical that Bitcoin can’t simply keep increasing block size to meet global/mainstream demand for payments without eventually sacrificing decentralization, which is the only characteristic of Bitcoin that makes it valuable.
Sure, doubling the block size a few times would likely be fine, so Bitcoin may be overly conservative right now, but I firmly believe any long term solution will require some form of “layer 2” for payments.
Sure, doubling the block size a few times would likely be fine, so Bitcoin may be overly conservative right now, but I firmly believe any long term solution will require some form of “layer 2” for payments.