Quote from: pedrog on March 08, 2016, 11:28:18 AM

Quote from: sgbett on March 08, 2016, 11:16:30 AM

Quote from: CIYAM on March 08, 2016, 08:29:00 AM

Quote from: sgbett on March 08, 2016, 08:24:59 AM

The elephant in the room just will not go away though. The limit was a temporary fix.

You do realise that a block as big as 64 MB will take a lot longer than 10 minutes to verify on anything but the most costly hardware?

(so if Satoshi had "got it right" with the original block size then Bitcoin wouldn't be able to even produce blocks as quickly as 10 minutes and no-one but corporations would be able to afford to even run full nodes - but hey who cares about inconvenient truths such as those)

Premise:
- 64MB blocks are allowed
- 64MB blocks take over 10 minutes to verify

Question:
What financial incentive exists for a miner to produce such a block?

A shitload of money...

When we can fill a 64 MB block, or if we will ever fill a 64 MB block, there's probably no subsidy anymore, so miners make money with transactions fees, to collect such fees they need to include transactions in blocks, the more the merrier, big blocks is how they pay their bills, there's your incentive.

correct!

So as a rational actor you include as many as you think you can get away with without somebody else beating you to the punch.