Bitcoin needs on-chain transactions to survive, and so do miners
Olivier Janssens
5514

Well written piece from the economic side of this debate. I’m curious about your fee assumptions. In your spreadsheet, as the tx per second increased the fee stays flat in both sheets. Why? Is the fee equilibrium being held constant — ie that each column is showing a blocksize that is adjusting to X tx/ps and this is what the fee revenues would look like at these assorted rates?