Very cool idea and looking forward to more. But…

The “fees are not enough” at 100% issuance argument is ridiculously wrong when you do the math.

Current average value of a winning block right now is less than ($USD 2023) 200 thousand.

Fee average is generally 0.35 BTC now today April 2023.

In 100 years the world will be very different. Energy costs will continue to decrease. (So far the decrease of the last 50 years has been spoiled by inflation of fiat)

Fees and block space will look very different. Most users will never leave layer 2 if not 3. Regardless, there is a quantum leap in fees after the governments are finally forced to settle international trade on the layer 1 blockchain.

Let’s be VERY conservative and assume only 3 BTC per block in fees (only 10x fees today…)

= 10s of millions if not hundreds of millions of ($USD 2023) per block reward in 2123 vs 200 thousand in 2023.