You giga block supporters are naive if you think Bitcoin can grow by 100 fold in the next 15 weeks or 1k fold in 4 years. We simple do not have enough users to support low fees at this time.
we dont need 100 fold growth in the next 15 weeks....
we need more like 30% price increase and double the fees on blocks in the next 15 weeks.
in that case the reward halving will be mitigated with higher BTC prices, and slightly more BTC fees on each block.
if segwit was ready 6 months ago i'd feel more comfortable...
there a balance between driving fees high and driving a high number of low fee TX
bacily if we look at block space as a good miners produce, the pricing of that good is the TX fee.
how do we find the best price?
somthing like this.
i believe we dont need to artificially limit supply miners have a real cost to including TX in blocks in the form of orphan risks
then demand can be roughly calculated with like avg number of TX bytes to include every 10mins
then miners can calculate the optimal price for a TX fee
then they can simple choose to not sell block space for much less than this optimal price.