OP was discussing the engineering trade offs associated with engineering a blockchain. Every group engineering a blockchain makes the types of choices he was referring to. To assume he's talking about Bitcoin Core makes you seem like Don Quixote.
>They have everything to do with each other.
You said key custody has to do with fees, which it does not. The fee market does not influence, at all, how hard or easy it is to maintain custody of keys on a blockchain. Again fees do influence the cost of updating the UXTO set. You're confusing the two terms.
>$100 transaction fees means the vast majority of the world population will have to rely on trusted third parties to control the private keys to their wealth
People pay the fees that they are willing to pay. Your position reminds me of the Yogi-ism "Nobody Goes There Anymore, It's Too Crowded". Are you arguing that people are too stupid to know how much fees they're willing to pay? Again, miners will not hash for free. If users want low fees and low security, they got what they wanted by forking off to bcash. People who wanted high security and high fees, they got what they wanted by sticking the legacy consensus rules. What is exactly the problem with this paradigm?
He went out of his way to argue for a particular (and I would argue wrong) interpretation of what 'peer' in 'peer-to-peer electronic cash' means, and his interpretation seems intended to support the 1-MB-digital-gold side of the scaling debate.
I had every right to bring up this debate since his argument very clearly was taking a side in it.
>>You said key custody has to do with fees, which it does not. The fee market does not influence, at all, how hard or easy it is to maintain custody of keys on a blockchain.
I just explained how it does. You didn't address my points. You're denying what common sense says is undeniably true, to promote a vision of Bitcoin where the vast majority of the world don't have private keys to their own Bitcoin wealth, because only a tiny portion of the world population can access the blockchain with any frequency.
>>People pay the fees that they are willing to pay. Your position reminds me of the Yogi-ism "Nobody Goes There Anymore, It's Too Crowded".
That's not even a point. "People pay the fees that they are willing to pay" is tautological. As fees increase, the portion of the population that can afford to access the blockchain shrinks. No amount of spin is going to conceal the fact that a 1-MB block size limit ensures mass adoption of Bitcoin, with Bitcoin remaining an affordable and peer-to-peer electronic cash, is impossible, and furthermore, that it betrays the original vision for Bitcoin as described in the white paper and Satoshi's other writings.
>1-MB block size limit ensures mass adoption of Bitcoin
There is nothing stopping anyone from tweaking consensus rules to their liking. This is what the bcash team did. Sounds like you're mad at people who didn't adopt bcash.
Again:
If users want low fees and low security, they got what they wanted by forking off to bcash. People who wanted high security and high fees, they got what they wanted by sticking the legacy consensus rules. What is exactly the problem with this paradigm?
>They have everything to do with each other.
You said key custody has to do with fees, which it does not. The fee market does not influence, at all, how hard or easy it is to maintain custody of keys on a blockchain. Again fees do influence the cost of updating the UXTO set. You're confusing the two terms.
>$100 transaction fees means the vast majority of the world population will have to rely on trusted third parties to control the private keys to their wealth
People pay the fees that they are willing to pay. Your position reminds me of the Yogi-ism "Nobody Goes There Anymore, It's Too Crowded". Are you arguing that people are too stupid to know how much fees they're willing to pay? Again, miners will not hash for free. If users want low fees and low security, they got what they wanted by forking off to bcash. People who wanted high security and high fees, they got what they wanted by sticking the legacy consensus rules. What is exactly the problem with this paradigm?