I honestly don't think that the fees are high enough for BCH to survive the long haul. Once reward halving happens how are the fees going to be enough to pay the miners?
It's a market. The amount of miners doesn't need to always go up. If less miners, difficulty decreases, BCH/KWHr good down. It's self adjusting.
As you know, there're some here who don't really understand concept of markets.🙂 I think you know who. I don't understand how you can be against free market & think bch could work.
So, after block reward is gone/less. If we had low usage, empty blocks, miners leaving bc unprofitable. Someone could step in and more cheaply attack the network?
do wonder though, if the network shrinks it will be less secure right? bc less money/computers are needed for a 51% attack? not that any 1 group has anything near enough hash power.
That is a concern. Maybe then their motivation would be to preserve the value of their holdings. Or they could raise min fee b/c it's not worth while to mine so low fees.