Charlie Lee creator of litecoin makes his case for a conservative approach in regard to blocksize increases. And why he doesn’t support BIP101 the current proposal for blocksize scaling submitted by Gavin Andresen
I first discovered Bitcoin in early 2011. Like many, I thought it was brilliant. Bitcoin transactions were decentralized…
Essentially, early Bitcoin users get the cake and eat it too. Unfortunately, this won’t last. By design, the block rewards halves every 4 years and will trend towards zero. As that happens, we will have to choose which of these 5 core Bitcoin features (decentralized, secure, fast, cheap, and unlimited) we are most willing to sacrifice. I will use an analogy to paint the picture for why this is the case.
Source: Eating the Bitcoin Cake — Medium