Thanks, updated with the correction. However, the block size limit has nothing to do with scarcity and competition. If there were no limit, nothing would chang

Thanks, updated with the correction. However, the block size limit has nothing to do with scarcity and competition. If there were no limit, nothing would change today as number of transactions created is not even approaching 1 Mb per 10 minutes. And if somebody wants to create a lot of spam, they would have to pay for that in form of fees to compensate for the wasted bandwidth and blockchain storage. If I understand correctly, the block size is limited to make block distribution smoother across the peers + limit the disk space consumption until there are lightweight clients. Please correct me if I'm wrong.