With such low fees wouldnt miners be discouraged to do so i.e. wouldn't mining become less profitable.
The last 24 hours reward for mining blocks was 39 million dollars from the basic block reward, if we would assume a median fee of around 30$ for each confirmed transaction that would still be only 9 million and least than 25% of what miners make.
In reality, fees made about 2.5% of the total revenue.
Except for spikes due to either a drop in hashrate that caused slower blocks diminishing the base reward per day ratio and above-average fees or simply usage spikes that trigger higher fees for a few days the ratio was never going above 10% anyhow. So with a price doubling every 2x to keep balancing the having in reward, there won't be any problems in the near future.
Also bitcoin can never become proof of stake unlike other coins,so where does this leave us ?
With the 1001th topic of the year with the same fake problem?
