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we can't predict energy prices in sats. So far the trend has been always down but it will top out eventually.
Yet here you are predicting it won't change enough despite all existing evidence indicating that it has, plus a hefty margin.
Once the market figures the fees are never coming, it might not wait 16 years to watch it play out.
Then let's count ourselves lucky that "the market" has been too stupid to have figured that guaranteed outcome yet.
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we can't predict energy prices in sats. So far the trend has been always down but it will top out eventually. Even with 1mm usd / bitcoin that is less than 20x current price and that is erased in 4 halvings, 16 years.
The sustainable future is about transaction fees. not block subsidy.
Once the market figures the fees are never coming, it might not wait 16 years to watch it play out.