Block size limit controversy

Argument in favor of increasing the blocksize

• Bigger blocks (more transactions per second)

Argument in opposition of increasing the blocksize

• Risk of catastrophic consensus failure

Damage to decentalization

• Bitcoin is only useful if it is decentralized because centralization requires trust. Bitcoins value proposition is trustlessness.

• The larger the hash-rate a single miner controls, the more centralized Bitcoin becomes and the more trust using Bitcoin requires.

• Running your own full node while mining rather than giving another entity the right to your hash-power decreases the hash-rate of large miners. Those who control hash-power are able to control their own hash power if and only if they run a full node.

• Less individuals who control hash-power will run full nodes if running one becomes more expensive.

• Larger blocks leads to more expensive full nodes.

• Therefore, larger blocks lead to less hashers running full nodes, which leads to centralized entities having more power, which makes Bitcoin require more trust, which weakens Bitcoins value proposition.

Entity	Supports Larger Blocks	Supports Hard Fork
CoinBase	Yes