Thanks for sharing, it's why I don't feel bad about the Bitcoin transaction fee anymore, I was at a point in time because I believe we keep having new adopters in the space and this can just turn them off.
But if Miners are happy then it's worth it, after all Bitcoin existence is not only about payment solution, it's also a good store of value, it can be treated as your digital gold and sooner or later Bitcoin will beat Gold.
It's a matter of choice, which one will you prefer to go for? Miners getting well paid and encourage to keep running their miners to make transaction on Bitcoin Network ongoing or cheaper transaction fee with miners not making profits? I choose to go with the first.
miners(asics) dont care about transaction numbers or blocksizes.. it doesnt affect the ASICS hashwork
owners of asics only care about total fee per block
anyone suggesting less people should transact onchain, but fee's should go up causing more cases of less transactions snowball are idiots that dont care about bitcoin longevity.
heck if there are less transactions onchain but super high fee's even real bitcoin asic owners will get annoyed that they cant move their dust regularly due to the onchain individual fee being higher then X weeks of reward earnings per asic
the economic solution is not less transactions onchain and super high fee's per transaction.. but instead more transactions of less fees individually which still will total more fees combined per block
(logic, math, economics always beats idiots that want bitcoin to fail so they can promote their altcoin/subnetwork as the masterplan everyone should move to)
economic solution is not to subsidise rewards by super high fee per transaction.. but instead the market spot price increase helps increase asic owners fiat costs
