Bitcoin’s issuance will continually drop until 0.
Bitcoin has never to date raised anywhere near enough in fees to be secure without issuance. It’s not even raising $1m a day in fees. How is that ever going to pay enough miners to secure the network?
Fees are unlikely to rise because any actual usage will happen off chain; tokenised on cheaper blockchains, lightning network, centralised wallets etc.
The long-term security that is sold to noobs as guaranteed is actually based on nothing more than blind hope, with zero precedent or assurance of sustainability, as issuance continues to decline and total fees fails to increase.
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