Now, let's see, who is going to benefit from the removal of the block size limit.
1) Businesses. Yes, they are likely sitting on a decent network connection and will be able to process more txs and serve more customers.
Maybe you didn't read that BitPay has sacked most of their staff today basically because "there are hardly any customers" (at least not enough to sustain their current business model).
So we should increase the block size for businesses to serve customers that actually "don't exist"?
This is a "chicken and egg" problem. If you wait for business before building it, they will never come, because they will see there is nothing there. If you build it, you take a risk and they might not come. In which case, you are stuck with what you've built.
In the case of a blocksize increase, you are stuck with a few lines of changed code that will cost almost nothing to deploy. You won't even be stuck with any larger blocks if no business does come, except possibly some spam. Even some spam won't necessarily be bad, because it might force the software to improve, so as to make more efficient in use of storage, bandwidth, and processing resources.
Unfortunately, the bitcoin community seems to have a total lack of leadership at present. From reading many forum posts one might conclude that the bitcoin community is a foolocracy. (The more conspiratorial inclined may chose to describe the situation as the result of an organized campaign by bitcoin's enemies.
No it is not a "chicken and egg" problem.
What you are building is monetary gravity. By buying bitcoins and holding them you are charging a battery that stores wealth and rewards saving because of its deflationary nature.
If you build it, they will come but you need not to worry about them at the present.
Well who needs merchants anyway?
Who Needs Merchants Anyway?
Hoarders are more important than merchants. If a restaurant downtown starts accepting bitcoins, this does not necessarily create an incentive for anybody to buy more bitcoins. Why would anyone bother if they can still just use a credit card? If you can convince a merchant to accept bitcoins and stop accepting dollars, then I’ll be impressed.
Unless a merchant is offering something that cannot be bought for dollars, or at least offering a discount, he is only benefiting Bitcoin to the extent that he encourages more hoarding. If he immediately converts the bitcoins he receives as payment into dollars, and if his customers only buy bitcoins so as to spend them at his shop shortly thereafter, then neither has much direct effect on Bitcoin’s demand. The real hero is the hoarder behind the scenes who buys from the merchant and enables him to convert his payments into dollars.
http://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-anyYou won't even be stuck with any larger blocks if no business does come, except possibly some spam.
Maybe you've never heard the phrase "supply creates its own demand"?
Case in point: Fidelity schmucks waiting to "turn on their switch" and fill the blockchain with their spammy non-monetary transactions.
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