BTC's longterm security depends on people paying extremely high TX fees which won't happen in a free market.
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Is there a gaping hole in this argument?
Hype on transaction fee is not what the bitcoin use to come down, neither does it determine what the tax rate is, the security is solely base on the protocols set up with the bitcoin network and as long as any of these does not break it concession, then there's going to be nothing can make it be under attack or experience a bridge in protocols, the security of bitcoin also depends on whether if the Bitcoin nodes could be attacked or not.