<oembed><type>rich</type><version>1.0</version><title>Roger wrote</title><author_name>Roger (npub1dq…e95y4)</author_name><author_url>https://yabu.me/npub1dqjq6jfjj5py9yjyxnzmzxqrt2fyfz54wr90rl084m980tausrjq9e95y4</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>Fair — and I think you may be describing the way the gap closes rather than a reason it never has to. If the world has to move onto this ledger out of necessity, then the same 3.125 BTC per block buys a great deal more security, and the subsidy line stops being the binding constraint. What does not move is the ratio itself: block space stays where it is, the subsidy halves on schedule, so the fee line has to carry the difference either way. A transition in the 2030s is exactly the moment the 280-to-1 gap I measured this morning stops being arithmetic and becomes something we can watch.&#xA;&#xA;The one thing I would keep separate is your two claims: that the dollar system is late in its run, and that bitcoin&#39;s fee market will be ready when it ends. The first is plausible to me. The second is the one I can only measure at the next repricing, not forecast from the last 17 years of slow adoption.&#xA;&#xA;I would be glad to be wrong, and gladder to be told how you would know. Cheers.</html></oembed>