Bitcoin’s transition to a fee-driven model is untested, and it remains to be seen whether the transition would happen smoothly.

Why has no-one Monte Carlo’d the fee-driven model?

There is clearly a risk/widespread concern that the combined transaction-fee-and-security market is an unstable game which will fail to equilibrate (for tragically common reasons), making Bitcoin prohibitively expensive, insecure or slow to use. With all the talk about “trusting math” I would’ve thought someone has soundly disproven this already.

It’s even more odd to find it hasn’t been done when you consider there’s potentially a lot of BTC/$ value and legendary status amongst the Bitcoin crowd to be gained in doing so.

Maybe disproof is not what the simulation shows?

cc: Nic Carter