On Thu, Sep 11, 2014 at 10:03:01AM +1000, Washington Sanchez wrote:
> ...
>
> Ok, so what's right/wrong with my summary above? Are there any new
> solutions to this problem?

Someone around the UnSYSTEM lists has recently mentioned these
discussions from late last year, might be relevant.

"On the optimal block size and why transaction fees are 8 times too low"
http://sourceforge.net/p/bitcoin/mailman/message/31610851/

    Final conclusions is that the fee currently is too small and that
    there is no need to keep a maximum block size, the fork probability
    will automatically provide an incentive to not let block grows into
    infinity.

"Even simpler minimum fee calculation formula"
http://sourceforge.net/p/bitcoin/mailman/message/31633371/