On: The Bitcoin Blocksize: A Summary

[statoshi]

The optimal block size is obviously 0, as these blocks will propagate through the network the fastest, thus lowering the orphan rate to nearly 0, and will require the least resource usage (bandwidth, hard disk space, CPU cycles) for full node operators.

... see what I did there?

[pstrateman → statoshi]

The blocksize limit is fundamentally a trade off between capacity and usability.

Too far in either direction is bad.

The evidence strongly supports the argument that the current 1MB limit is too high.

[davidgerard → statoshi]

Describing what miners are doing already, with no-transaction blocks and not bothering to verify existing blocks?