The following commentator writes:
When transactions are announced to the Bitcoin networks, they appear as part of a ‘block’. Bitcoin blocks are produced on average every 10 minutes. Bitcoin blocks have a maximum size, so if there is no room then your transaction will be delayed. If you are desperate to have your transaction included in a Bitcoin block promptly, you will have to increase the transaction fees that you pay to the Bitcoin network.
Now it seems if you had a flexible block size - this transaction confirmation time issue would be addressed.
My question is: Are bitcoin transaction confirmation times limited by block size?