**LOTTA CAPSTYPINGS***
Happy Saturday!
Just to be clear, you seem to be stating that a future where transaction fees being $100, $1000 or even more per on-chain tx is a distinct possibility?
That as a possibility is implicit in my thoughts, I'd say, yes.
OK, so here's the relevant followup question. When average tx fees are $1000, what is the typical profile of a person willing to run a non-mining validator? Let's start simple on this - how many tx per year might the average such person make?
1? or even 0? average person will fully transact on L2+
Hmmm, while I am a full fan of L2+ for day to day transactions the idea of $1000 fees for transacting on-chain is somewhat hard to digest though. What kind of marketcap are we considering for this scenario? What level of adoption? I do agree that, with a high enough level of worldwide adoption, the average person will probably NEVER transact onchain even if he do use Bitcoin directly (but L2+) or indirectly (100% custodial/off-chain).
What is the incentive for anyone to expend time, toil, and treasure in the exercise of validating a chain upon which they never transact?
For a typical grandma, that doesn't run her computer 24/7 probably none. But every single concentrator/bank/cashapp/paypal/venmo/zelle/facebook(soon?) that those people use will run it's own node, and every person that wishes to validate chain will always have the option to if they wish.