If hashrate falls for different important chains, will we be courageous sufficient to implement larger charges?

[ad_1]

If in low inflation future users refuse to voluntarily pay high fees and reward is too low and for some reason network computing power (A.K.A. hash rate) falls, can we then expect consensus would try to soft fork higher minimum fees?

• Scenario:
  • Time: Undefined future (low inflation future).
    • Consequence 1: Reward is low.
• Proposition 2: Users won’t voluntarily pay high fees.
• Proposition 3: Price will stabilize eventually.
• Proposition 4: Because (1), (2) and (3) the network computing power will fall.
  • Consequence 5: Alternative chains gain relative network power compared to Bitcoin.
• Proposition 6: In an attempt to stop (5) bleeding, Core would try to soft fork higher minimum fees.

[ad_2]