Before betting against bitcoin, consider it should have died a million times -- and yet somehow it never does.
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Temporary issue. Once live, things like
@lightning will enable way more txns at way lower cost. Not all txns need to be on chain
I'm mostly interested from the POV of finding a better protocol design. It seems plausible that the right way to limit blocks is by total transaction value, not total byte size.
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Computers don’t care about txn value, they care about bytes
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The artificial scarcity currently imposed is on block size. However, that's a largely arbitrary protocol decision. (Not completely: bandwidth really is scarce. But at current levels that's not the limiter). Satoshi could have chosen block total value instead.
End of conversation
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