It's always those pesky humans who wreck everything. If BTC can't get past this then it deserves to die. If it keeps growing then at some point the protocol will be totally ossified by countless conflicting interests. It's still small enough to be relatively responsive but the clock is ticking. The only thing that'll really get a rocket up collective arses is a threat to the bottom line. I hope it comes sooner rather than later.
The above is a very good addition to the thought process. Every day that passes, this moldy apathy of stagnation gets further entrenched. Somebody has to act now, but do it with wisdom. Hearns tried BLUNT ARROGANT FORCE with XT. Sad really, because he was on the right track, but way overly ambitious, way to subservient to powerful special interests, and showed absolutely no tact or respect to the greater community. His actions really have poisoned the well - but that has to be overcome.
The funny thing is though - I can easily see the day coming that a sudden shock happens, and suddenly everyone is more than willing to run to XT. Coinbase's recent move proves that XT is still a very real possibility.
What did XT do? It increased block size and put software in control of future increases. It also screwed with IP's.
What was the problem with the course set? It was way too ambitious, and too inflexible. Probably should have started with an increase to 2mb, and then implemented the increases on a more flexible path intended to keep a bit ahead of the free market range. The next thing XT does is deal with the whole IP track/blocking issue. Bitcoin is never going to be totally anonymous, but obviously it isn't necessary to do anything to hasten that aspect. The NSA, other Govt entities can and will develop means and methods to track bitcoin. They already have. The very nature of the commerce "system" itself will limit anonymity. Can't really ship your Amazon Goodies to a non-account can you? But take that part OUT because it is political death to the process of getting a deal done here.
The bottomline is that something needs to be done NOW to enable the explosive exponential growth that is coming. None of this is going to kill sidechains, but neither is it going to give sidechains an unfair advantage. Mike Hearn / XT approach favored the banks in a very lopsided way. It pissed off the sidechain
(& privacy advocates). Sidechain advocates retaliated by stubbornly walking as far as they could to the far side of the seesaw.
It is time for leadership that is unbiased that can walk all this back to the center, and create something that allows both forces to fight it out in the free market. If sidechains want smaller blocks, then all they have to do is win marketshare, and the block increase will slow due to built in speed breakers. The system will grow accordingly.
We need strong leadership to get us through this hurdle. Then everyone can get back to focusing on their businesses and doing what they do best, and fighting where the fighting belongs - in competitive economics. And it will all work out.
But step 1 is to isolate all lopsided conflict of interest from final decision making. If that isn't possible, then the alternatives are simple.....
(1) Welcome Back Satoshi ;
(2) Welcome Fiat Coin ;
(3) Accept XT