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12 sats \ 0 replies \ @cryptocoin OP 11 Feb 2022 \ on: What Drives Bitcoin Fees? Using Segwit to Assess Bitcoin's Long-Run Sustainability | Bank of Canada bitcoin
We find that Segwit reduced fee revenue by about 70%. Fee revenue is maximized at a block size of about 0.6 megabytes when Segwit adoption remains at current levels. In addition, large sustained price increases are required to keep mining rewards constant in the long run.
The paper is available as a PDF: https://www.bankofcanada.ca/wp-content/uploads/2022/01/swp2022-2.pdf
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