With regards to blocksize, the only reason it’s not widely embraced is because it’s known to directly impact propagation delay. One side couldn’t care less about centralization, the other side cares dearly. SegWit was activated, which compresses transaction size and doubles transactions per second without impacting propagation delay. Mimble Wimble and Schnorr signatures are coming soon, which are also soft forks and compress transaction size even further. There’s plenty of change happening that are all very intelligent scaling solutions. Big blocks are not intelligent nor difficult to implement.
source? afaik it's open source and it charges no fees.
Congratulations guys, you made the banks SWIFT 2.0. I’m sure they appreciate it very much.
There have even been successful atomic Bitcoin<->Litecoin cross-chain transactions with Lightning last month.
It doesn't matter - it can fork. And if the fork offers something compelling, it will get used. Even Bitcoin Cash, which is not (very) compelling, is now tradable more than most altcoins.
I wouldn't hold my breath for that. Bitcoin still is having a holy war about increasing the blocksize.
One side effect of this whole deal is it shows that it is incredibly hard, if not possible, to change a decentralized system. By its very design, it will be all but impossible to make any breaking changes to bitcoin at this point.
> Lightning network further reduces the number of onchain transactions necessary.
Besides being complete vaporware, I do love how the solution to Bitcoin's scaling problems is to not use it...