It is hard to explain that halfing will become destructive to btc.
but here goes.
reward ——-fee————-price
50btc. ——-0.05————0 to maybe 12 bucks
25btc ———0.1—————80 to 1300
12.5 ———- 0.1 to 2 ———400 to 19000
6.25 ————0.1 to 2 ——— 3000 to 69000
look at reward to fee ratios
maybe 1000 to 1 when price was 0 to 12 bucks
maybe 250 to 1 when price was 80 to 1300 bucks
maybe 125 to to some times 6 to 1 when price was 400 to 19000
maybe 62 to some times 3 to 1 when price was 3000 to 69000
the ½ ing is causing a clear reward to fee ratio issue this issue is yet to be solved.
project
2024 maybe 3 to 2 ratio reward to fees when fees go high
2028 maybe 1.5 to 2 ratio reward to fees
2032. maybe .75 to 2 ratio reward to fees
with more and more incentive for large pools to clog the blocks.
remember they mine the blocks and they keep the fees.
so if they flood the blocks with crap 💩 they are not paying full price.
they grab the fees. that they paid to jack the fees and they grab everyone elses fees that have to pay to move coin.
If you try to explain, I'll carefully listen. But why don't you think that such a small block size is not going to be destructive for bitcoin? I have a small online shop where I sell things that cost 20-70 Euro/USD. People rarely pay with bitcoin, they prefer to pay with Dash and Litecoin.
Let's say I want to buy
Samsung OEM Wired Headset Headphones that costs $7. I'll have to pay $9/vB, so, I have no other choice but to use Ripple or Dash or Bitcoin Cash or Litecoin or any other coin that offers low transaction fees.
And today, if I am a millionaire and just want to have some fun, I can make tens of thousands of bitcoin transactions and clog the network in exchange of some money. It doesn't even require millions to have some fun today, just 4 bitcoin is enough to spend in transactions and clog it.