Minimum benefits, lots of potential damages. XT only worsen the situation of bitcoin. Investors are panicking now because of the "split" which is just unnecessary. Idk why they are pushing bigger block size when in fact 1mb is just right in this current times. What's the most plausible explanation why they are pushing higher block size?
1MB isn't right. We're already at 50% capacity(and increasing). I think the recent stress tests showed us that 1MB isn't sufficient.
LN looks great, but it's not ready yet and won't be for a while. This will help hold us over until other scaling solutions are ready to be deployed.
I don't like the increase schedule in XT, my hope is that XT is the catalyst to get Core team to agree on some sort of increase and we can reassess later once we see how other scaling solutions are progressing. Just because the network moves to 8MB blocks now doesn't mean that we're beholden to the every two years schedule built into XT now.
I agree that there will come a time that 1MB isn't just enough to handle all the transactions in the network, but aggressively increasing the block size to 8MB is just way too high. There should be another solution to this impending problem other than increasing it by 8x.
