The block subsidy is the runway. Plenty of runway left.
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I wasn’t trying to claim a timeline, only stating an overall fact.
How does the block subsidy protect against censorship??
We don't know how much of a security budget will be enough, so maybe block subsidy will be enough another halfing or two but maybe it's not enough already. Regardless, when it shows that it's not enough, will we be ready to ramp up fees?
A timeline is plottable. I'm working on a math model to describe the hashrate dynamic in a diminishing rate of return for miners.
It pays miners