I've also been keeping tabs on the debate and I agree with you except on one account: Not everyone want the Bitcoin to be the next Visa or Paypal, some are perfectly content with a 10 minute confirmation delay as long as the blockchain remains fully distributed and anonymous, whereas others see a business opportunity that could make themselves rich and influential down the line.
The entire narrative about larger block making the network more centralised is a red herring. The network has been going in that direction for quite some time without a block size increase and in any case, going from 1MB to 2MB or even 16MB isn't going to change the economics of running a full node that much, which is to say there are no incentives for non-miners to host a full node at all, regardless of the alleged computing and network overhead (and worse, it can make you a more likely victim of DDoS attacks[0]). The entire point about keeping the 1MB limit (which was meant to be a temporary cap anyway) is to artificially create scarcity in transaction capacity and coerce people into accepting SegWit and eventually fully functional side chains.
This is probably fine for those who believe that A. Bitcoin will become mainstream and B. the ends justify the means, but I find this to be a very unethical position to take.
Disclaimer: I don't own a single cent in BTC, nor do I have association with anyone involved in the Bitcoin scene.
The entire narrative about larger block making the network more centralised is a red herring. The network has been going in that direction for quite some time without a block size increase and in any case, going from 1MB to 2MB or even 16MB isn't going to change the economics of running a full node that much, which is to say there are no incentives for non-miners to host a full node at all, regardless of the alleged computing and network overhead (and worse, it can make you a more likely victim of DDoS attacks[0]). The entire point about keeping the 1MB limit (which was meant to be a temporary cap anyway) is to artificially create scarcity in transaction capacity and coerce people into accepting SegWit and eventually fully functional side chains.
This is probably fine for those who believe that A. Bitcoin will become mainstream and B. the ends justify the means, but I find this to be a very unethical position to take.
Disclaimer: I don't own a single cent in BTC, nor do I have association with anyone involved in the Bitcoin scene.
[0]:http://www.financemagnates.com/cryptocurrency/news/the-lates...