Roger...this is just sad. I wanna run through some basic math with you here. I'm going to start with a few figures. First, it takes 5-10 milliseconds to verify the signature of a transaction. I'm going to be super optimistic and assume every transaction takes 5 milliseconds. An average, IDEAL, transaction is say 250 bytes. These figures I believe do not take into account gains from secp256k1, but even with those savings it will only give you so much head room.
So, breaking that down, it pretty much means you validate 200 transactions in a second, 12,000 in a minute, and 120,000 every ten minutes. Now this is a dangerous limit, this last number. If you push significantly beyond that, then statistically you will not be able to validate blocks as fast as they are being made, bitcoin will be a perpetually run away train that you can never validate to make sure the claimed current state is valid.
Now remember that figure about 250 byte transactions? An insanely overly optimistic figure by the way. That means that pushing up against that runaway train limit...is at 29 megabytes.
Yeah. 29 MEGABYTES. And you really only get a few orders of magnitude gains from secp256k1. Validation is the bottleneck Roger. Validation is also what gives it value, because I am validating and securing the integrity of my own money myself.
Stop attempting to use "a lack of understanding of economics" on the part of the devs as a BS excuse to scream for bigger blocks, proclaiming that will make bitcoin's fiat value increase.
It is more than just the technicals, though those alone make your proclaiming of GB and TB blocks out right insane, it is about maintaining the incentives. A big part of with is, I validate my money MYSELF. And that I can afford to do so, MYSELF. Paying hundreds or thousands of dollars a year on special purpose computers to validate my money is not cost effective, and not a sound and motivating incentive structure Roger.
I'm sorry, but you are the one who has a lack of understanding of how this all works, not any of the developers Roger.
EDIT for spelling
RE: Time to End the Block-Size Blockade - by Roger Ver