Yes but the problem is BTC is so fucking valuable that we will have scaling issues.

2009 to 2012 reward 50 btc    vs  fee 0.01 or 5000 to 1 ratio

2012 to 2016 reward 25 btc    vs  fee 0.025 or 1000 to 1 ratio

2016 to 2020 reward 12.5 btc vs fee  0.050 or   250 to 1 ratio

2020 to 2024 reward 6.25 btc vs fee 0.100 or  62.5 to 1 ratio


note the fees are a in my head guess as the the average value of each block fee

we know 2023 block fees got up to 6 coins

but the Long term average over last 3 years is closer to .1 btc a block

I am okay at math and figuring some trends out.

the reward to fee number ratio shrinks every 4 years.

5000.000 to 1 2009
1000.000 to 1 2012
  250.000 to 1 2016
    62.500 to 1 2020       note in my head estimate.

this means

   15.625 to 1  in 2024 or    3.125 reward and   0.20 in  fees on average
     3.906 to 1  in 2028 then 1.5625 reward and 0.40 in fees

btw we are over the fee average for 2020-2023  of 0.1000 btc

As of the  last 10 blocks

793263-0.96
793262-0.90
793261-0.69 2.55
793260-1.02
793259-0.76
793258-0.91 5.24
793257-0.98
793256-1.11
793255-0.59
793254-1.04
     
they are about 0.896 btc a block

I have read various number for fee average during 2020-2023 as high as .15 btc average as low as .07 average I picked .1 for my ratio comparison

it is easy to see May 1 to June 7 we are above .07 .1 or .15 in fact we are over 1 btc a block for about 37 days.

But it dropped a bit  as May 5 to May 12 it was 2.5 btc a block

now it is .896 btc a block .  This is ordinals+BRC-20+NFT clutter.

I have shown ways in a prior thread that pools can push fees up and turn profits.


https://bitcointalk.org/index.php?topic=2634505.0

a method of pushing fees upward and not being able to directly prove any pool does it.

All of that thread's concepts  can be done by 3 large pools with the ordinal/BRC-20/NFT clutter.

And proving it is hard.

It is obvious people are testing the Blockchain right now to see how easy they can jack fees turn profits and not be fingered for doing it.


I don't fear any of that as much as I fear the top pools simply black list all tx's under 50 sats a byte.

I think we are heading that way.

BTW if ordinals/BRC-20/NFTs are barred and fees drop to 0.1 per block

The top 5 pools will be incentivized to blacklist all 50sats per  or 40sat per and lower tx's

So Once again I say leave the ordinals/BRC-20/NFTs just as they are,

 as I rather deal with a wild dog(brc-20) than a wild lion (blacklisting of <50sats a byte tx's)

oh some opec news

"OPEC+ countries also agreed to extend oil production cuts they announced in April through the end of 2024, reducing the amount of crude they pump into the world market by more than 1 million barrels per day." 3 days ago  from google search "opec to lower oil"