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I think it's important to note that it's unclear that Bitcoin Core will ever allow for a block size increase to occur: several influential Core developers have

I think it's important to note that it's unclear that Bitcoin Core will ever allow for a block size increase to occur: several influential Core developers have publicly stated that that are still very much opposed to any increase, and the team uses a consensus process that makes it easy to veto change.

TD-Linux 10y ago
SegWit landed in Bitcoin Core master last week. Once activated, it increases the size of an average Bitcoin block to ~2MB.
- deftnerd 10y ago
  That's not true. At most, the amount of data in a block stays the same but attaches an associated data structure to the block that is estimated to equal, at most, 1.7mb. That's a best case scenario once every piece of software that created Bitcoin transactions has been altered to use the new transaction format. That software upgrade process could take years.
  - TD-Linux 10y ago
    No, the 1.7MB figure was an average, the max for base+witness is about 4MB. https://bitcoincore.org/en/2016/01/26/segwit-benefits/ https://bitcoincore.org/en/2016/01/26/segwit-benefits/ It's true that to reach the maximum capacity, all Bitcoin software has to be upgraded. But that's also true for a 2MB bump hardfork.