So Bitcoin.com just published an interview with Konrad S. Graf (
https://news.bitcoin.com/konrad-graf-bitcoin-block-size-economy/). He's very well respected in this community for his economic/historical work on the origin of Bitcoin's value, so I think his views on the block size are important. Apparently, he views the 1 MB limit as something similar to a government-mandated output ceiling, and that it disrupts a block size 'free market,' so to speak. What do you guys think?
The potential for abuse without a block-size limit is too high, if the block size limit is removed, then it will be the end of all chains that adopted the removal.
It is possible, in a system whereby there are billions/trillions of clients or more, to remove the block size limits, and simply let non-full node clients connect to whatever is the most popular network out there, and this may have been Satoshi's final intent.
It is however, far too early for this to happen. What is needed right now is a dynamic block size limit, that expands using a predictive model of the same function which models the minimum increase in network bandwidth over time around the world.
Good points.