The development of BTC's fee market is music to Greg Maxwell's ears :-)
He's pulling out champagne to celebrate this huge success
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.htmlI'm pulling out the champaign that market behaviour is
indeed producing activity levels that can pay for security without
inflation, and also producing fee paying backlogs needed to stabilize
consensus progress as the subsidy declines.
The network was always designed to need fees to survive once all the block rewards have gone fees will be all that's left and 99% will be gone in around 10 years with the further 1% over the next 100 years
No fees No Network as it says with low fees the only option is inflation so fork again to print more BCH to pay the miners
In the next 10 years block rewards will be 6.25 and 3.125. With increasing adoption, utility, tx amount, tx fees, and block size it would grow naturally with technology. It would lead to price increase making it all stable and profitable. That was the initial design, and not artificial limits and the crap like Segwit and LN.
We have both models on the market now, so it will be easy to compare over time.
It will be 1.5625 in around 10 years and BCH is around 2 months ahead of reaching this target