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by Geee 1503 days ago
No, fee costs are based on supply and demand of block space. It's simple, miners just scoop the highest paying transactions into the next block. If there's congestion, people pay higher fees to expedite their transactions.
1 comments

Yes but once there's no longer the financial insentive of bitcoin rewarded for mining, fees need to have the same insentive relative to bitcoin market cap? Otherwise double spending becomes the most profitable for miners surely.
Yes, total fees need to be high enough to secure the network.