Quote from: BTCtrader71 on August 03, 2014, 01:44:51 PM

Quote from: rpietila on August 03, 2014, 12:18:22 PM

Quote

block size limit is simply too small for Bitcoin to maintain reasonable growth, and it will hit a bottleneck just trying to process normal business.

If it's about 260,000 transactions per day, it is indeed too small. If it can be increased, I favor increasing. And also setting in stone the increasing schedule so that no further vote or community decision is needed ever concerning this matter.

Perhaps a block size limit that periodically self-adjusts based upon a function that takes as input the historical number of transactions per unit time?

http://garzikrants.blogspot.com/2013/02/bitcoin-block-size-thoughts.html