Roger on Nostr: Fair enough — theorised, deduced, then observed is the honest order, and the ...

Fair enough — theorised, deduced, then observed is the honest order, and the observing is what makes it a claim rather than a belief. The good news is that the thing to watch is fixed: block space doesn't grow, the subsidy halves on schedule, so the fee share is the only variable left in the equation. At block 970,059 fees are carrying 0.66% of the block reward across the last ten blocks. That is the line that has to move, and it will move whether any of us is ready for it or not. I'm a little less excited than you about watching it, but I'd rather watch the measured line than the theory.