From a fundamental analysis perspective the attributes of cryptographically secured value tokens, mathematical consensus and censorship resistance are what gives Bitcoin its value. With a high degree of decentralization, these attributes become more meaningful and Bitcoin more valuable. In the face of centralization they become meaningless and Bitcoin loses its value, both perceived and real. Yet, no matter how valuable, if the network is not highly available or does not function reliably, the utility of Bitcoin diminishes and as usage decreases so does value. xbt.social presents an assessment of the objective conditions surrounding Bitcoin’s blocksize and how capacity scaling and its provision can affect Bitcoin’s valuation and price.
The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
– Satoshi Nakamoto
Block size is a sure and certain limitation on Bitcoin’s capacity that awaits us down the road. Currently, Bitcoin has adequate capacity to handle transactions reliably, but when block space starts running out transactions will get delayed