Yes, they’ll dominate, but will they stay high enough to maintain the current level of security? Average transaction fees would have to go up ~8x in real dollar terms to do so, meanwhile if Layer 2 solutions take off there could be downward pressure from existing levels.
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I expect transaction fees will dominate the block reward within 4 halvings, as they are already within an order of magnitude of the block subsidy...
Yes, they’ll dominate, but will they stay high enough to maintain the current level of security? Average transaction fees would have to go up ~8x in real dollar terms to do so, meanwhile if Layer 2 solutions take off there could be downward pressure from existing levels.