if there were no more rewards, and completely reliant of fee's
just to maintain the cost of the same $230k-$540k difficulty to mine(cost per block to re-org transaction list)
each blocks fee total would need to cover this expense of security
if transactions were physically real data bytes of say 250bytes average
then we can assume a few things about the amount of megabytes needed to secure the network based on fee's $ cost
cost of fee: $16 $8 $4 $2
blocksize: 3.6-8.5mb 7.2-16.9mb 14.4-33.8mb 28.8-67.6mb
so if you want to hope for a $2 max fee per transactions blocks need to be upto 68mb a block.
Totally makes sense to me. No more new blocks means the incentive has to come from somewhere, if this is fees, then it cannot possibly be rational to charge the cost of mining to consumers so fees will never be the solution.
The only solution is to make BTC price extremely high, while encouraging more txs (as more fees like you say) but is there a way to do so without block increase? Different discoverable new technology?