I see no reason why fees can't pay for a pretty hefty pow network when there's no block reward but thousands of transactions a second and $30k-$70k coins. Any artificial scarcity on this front now will strangle Bitcoin.
I agree. Though I am not actually all that worried about the block size limit as I believe the dynamics of Bitcoin will ensure it is disposed of. If not in good time then in time enough.
I'm more of a cheerleader for the process than for any decision in particular.
As a nerd I tend to have very strong opinions on things I think I understand, so I will argue as a matter of course. But when I lean back a bit I can't really see this not ending in a raised (and eventually removed) blocksize limit.
I see no reason why fees can't pay for a pretty hefty pow network when there's no block reward but thousands of transactions a second and $30k-$70k coins. Any artificial scarcity on this front now will strangle Bitcoin.
Start with there is no "thousands of transactions a second and $30k-$70k coins" as of now, in reality y' know..
No, now there's block rewards paying for a pretty hefty and oversized pow network.