The most concrete proposal in the vein of fixing Bitcoin's broken economics is a ZCash proposal called Network Sustainability Mechanism (NSM) that is likely to be adopted sometime in the next year (h/t @Sablier's @maxdesalle) The NSM proposal does 3 things 1. Make issuance reduction a smooth log curve instead of the stepwise "halvening" model that Btc/Zcash currently uses 2. Establish a donation address that goes directly to block rewards using the log curve (ie, 50% goes into first 4 years, 25% into second quadrennial, etc) 3. 60% of tx fees are rerouted into the curve, however this is only ~$3k extra in mining rewards per year for Zcash. Insignificant *But would this work for Bitcoin?* Total tx fees per day have slumped over the past year to below 5 Btc and are more like 3 per day lately 60% of that, we'll generously call it 2 Btc per day would get added to mining rewards That would add about .014 BTC in mining rewards per block, hardly material even after the next halvening makes the block reward ~1.56 Moreover it further reduces the incentive for pools to include transactions I also tend to think the halvening is loved by Btc holders, so likely a nonstarter anyway The donation address is actually an interesting mechanism - it's hard to imagine that many people donating to increase hashrate, though you could see hackers donating. And if hackers donate, you are gonna get weird PR and regulatory pressure to recover assets (especially if you're Zcash, probably less if Btc) But wait, check the second graph: if Btc daily fees went back to 300 per day, then that's ~1 Btc getting injected back into every block per day (remember ~50% goes back into first four years). That is pretty material to block rewards when they get cut to ~1.56 Fundamentally this proposal smooths out current tx fees and turns them into future block rewards This is actually better than current Bitcoin because a double signed tx (remember CZ floating a double spend and reorg to thwart the hacker when Binance got hacked?) that has a tx fees get burned no longer has the same incentives for chain instability and reorg. So even when block rewards decline, the tendency towards chain instability should be mitigated So the Zcash proposal combined with Bitcoin devs leaning into opcodes that increase demand for block space seems like it would shore up Bitcoin's shaky economic foundation(Evan Van Ness 🧉)