If the large companies in the Bitcoin space can decide by majority vote (not consensus) to change the protocol, then the governments those same companies are regulated by can force those commercial entities to regulate the Bitcoin protocol. It will no longer be an apolitical protocol that runs on consensus.
Bitcoin is driven by economic incentives and market forces. Raising the blocksize limit has an obvious economic incentives for businesses and miners. Governments can't do shit about it.
You are sadly naive when it comes to government influence over businesses. And the economic and market forces have spoken, you check the price recently
Did you check the stock markets recently? Especially the Chinese one(since most miners are Chinese)
There are so many thing going on in the world, you just can't draw a straight line from cause to effect, but I seriously doubt, that this debate has much to do, with the price movement.
so your argument for why BitcoinXT Must Never Gain Consensus is that it would allow it to potentially compete with Visa?
Well I am convinced. I would much rather pay a 3% tx fee to visa in the forum of higher prices then pay around $0.04 in tx fees to the miners, especially for thousand dollar transactions.
here the coup de grâce, if we stick to 1MB blocks we'll pay minner 10-100X more on TX fees and they will continue to deliver a system that can't handle more the 1/100000
th Visa's system.
pay more for less, FUCKING BRILLIANT
Nobody wants that tho. Raising the block size now is not needed now. I
t wont be needed for at least a year or two. Raising it so aggressively to 8GB so fast as Gavin/Hearn intend is bad.
That is exactly the point. If we need it in a year, we have to make the preparations now. You just can't switch a global system over from one day to another, you should plan at least 6 months for that.