Bitcoin doesn't rely on fees. It relys on users protecting the network out of self interest

- running nodes now

- mining later

It has always been incentivised by holders acting out of self interest

If large holders allocating a small percentage to mining to protect their interest, that's all Bitcoin needs

Although I can think of other protocols that work that way and people don't like them

On Wed, Jul 13, 2022, 4:06 AM Tom Harding via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:

On 7/11/22 15:26, Peter Todd via bitcoin-dev wrote:
>
> Anyway, designing protocols for "price go up forever" hopium is a bad idea.

Yet that is the design, and it's a good one. It is equivalent to
relying on bitcoin to steadily grow in utility vs. fiat currencies.

If it fails to do that, there's no point anyway.

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