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[–] InternetTuffGuy [S] 0 points 1 point (+1|-0) ago 

Not an ELI5, but from what I gather it wont effect security but it will effect the amount of transactions processed per minute. I believe it would slow it down from a few thousand to about a few dozen.

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[–] KurtB 0 points 3 points (+3|-0) ago 

Substantially.

the size of the city is the Blockchain and the height of its walls is the network's hashrate. "As such, the larger the Blockchain, the more hashpower is required to maintain the same level of security,"

http://www.econotimes.com/Nick-Szabo-Rapid-block-size-increase-a-Huge-Security-Risk-77728