Got this question today from a shitcoin trader, who deep down knows only Bitcoin has a future.
Legit question: if, over time, fees replace block rewards as the incentive for securing the Bitcoin network, but all the Bitcoin is either sat in ETFs or wrapped on other chains (in either case fees are not accrued), then what will secure the network?
How would you answer this?
Or better, point me to discussions on other Bitcoin platforms that have already answered and pondered this question in much detail. I remember reading about it, but didn't really commit the knowledge to memory.