Quote from: btcusury on March 10, 2016, 02:12:59 PM

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?

That's not even really the appropriate question. The real question you should be asking is "What would prevent someone who wants to destroy the network from producing such a block?"

But you don't ask that because ... (you tell me).

Premise:
- 64MB blocks are allowed
- 64MB blocks take over 10 minutes to verify
- Someone wants to destroy the network ( 100 million dollar investment )
- Other miners want to let him destroy the network

Conclusion:
BITCOIN IS DOOOM!

there's nothing stopping the other miners from orphenning the attackers blocks... if his block give them much inconvenience for whatever reason they will orphen them...