Post
Topic
Board Bitcoin Discussion
Re: List of reasons we do not need bigger block sizes
by
teukon
on 09/09/2015, 00:49:41 UTC
1) Bitcoin block rewards will eventually become infinitesimal, at that point transaction fees will be the only rewards miners get. Right now transaction fees are around 0.1-0.5 BTC per block, which is nowhere near enough funding to secure the network by itself. We need transaction fees to go up, and the only thing that will force them up is the blocksize limit. Increasing block size might cause fundamental damage to Bitcoin due to this.
(emphasis mine)

Oft-cited, rarely questioned, and never satisfactorily argued.  This is a myth.