Insufficiently full blocks leave no incentive to pay fees. Which leads to near zero fees. Which knocks hashrate offline. Knock down enough and you can expect reorgs and double spends.
The subsidy protects us from this for the next century and change. After that we have to see where this goes.
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Meanwhile, you keep bringing this back to spam, like I run core or something. Pretty clear that I don't. I just reject the idea that BIP-110 is going to solve, or even be a beneficial measure, in addressing it. Filters send a message, and Knots WAS getting more adoption, until the whole camp decided to crash out on this CSAM narrative, and push a chainsplitting fork which doesn't even prevent CSAM.
If filters were to do their job, they'd have needed a supermajority of the network to use them. BIP-110 guaranteed that will not happen in the foreseeable future.
Like I said, huge own-goal.
Miners will be fine if Bitcoin is valuable. Miners won't mine it if Bitcoin becomes a memecoin. The value of Bitcoin is as Freedom Money.
Spam devalues Bitcoin and is one the of the biggest threads and risks.
Small fees make Bitcoin more usable for more people. We compete with banks, with Visa and we are better and cheaper.

