As much as this could be accurate, I expect something more of a stabilisation in price of bitcoin and ahoukdnit come to that with miners depending on reward from what they get off transaction fees, how is that going to be enough to keep them at there job and maintaining the nines.
It's not a matter of should it come to that, but when it comes to that.
About how it keeps them at their jobs, I talked about only few transactions occuring on chain, most of which expected to be large transactions, while the bulk of transactions occur off chain at little or no fees.
This of course is just a hypothesis, and there are many more of such out there.
Like, we are going to have a lot of bitcoin users upto 70-80% of world population hypothetically. Now transactions are given preferences based on fees and then, it is hoped that these fees be minute enough to allow swift transactions in a time of stabilised price. How then do miners gets to benefit from fees without taking advantage of processing swift transactions based on higher fees?
Miners already process transactions based on priority or higher fees; the higher the feerate paid, the closer the transaction is to the tip of the mempool.
What exactly do you mean by swift transactions?
