Afterthought: If I were to steelman a case for Bitcoin surviving, it would be that there is in fact a market price worth paying (in transaction fees) for the ability to make forbidden transactions.

It looks pretty hopeless that Bitcoin transactions will be in demand for aboveboard business… there will be better, cheaper, probably zero-fee ways of sending money if you’re a normal person or business in the meaty center of society.

But Bitcoin transactions could be in demand for those who want to use an electronic cash system for unlawful reasons; end users ⼈ who derive value-worth-paying-for from the fact that there’s no-one overseeing or handling their transactions.

If that’s the case then there should always be some Transaction Fees 🧻 in the mining game — potentially enough to keep it secure.