Yes, and your 20 mbps connection of today can transmit a 1MB block size in 1/4 of a second. The 8 MB size proposed for the next two years? A whopping 2 seconds to transmit. If your Internet speed doesn't change one iota for the next ten years, a completely full block will take ..... 32 seconds to transmit. Wow!
Nobody is saying that 8GB blocks are reasonable today, but 2036 is a long way off. Many things will change well before 2036.
Some other salient points:
- Just because the cap moves to X does not mean the average block size (or any block size) will be X.
- No miner is forced to include any transaction they don't want to. There are blocks mined today with only one transaction.
- The block size cap of BIP 101 can be adjusted down with a soft fork.