8 billion people, 200 million companies, in 70 different countries...
we *should* have large-scale, powerful demand for blockspace as far as the eye can see.

so when we have half-empty blocks it leaves me scratching my head. begs the question where is everyone...

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bitcoin

Let's Talk Solomon's Points: Has Bitcoin been captured and what is going on?

I disagree with the black pill view, but I do think 3a merits thought moving forward. 

("falling block rewards" means that miners have no long-term incentives to keep mining. So the "network security" will fail as well")

I'm interested in exploring failure modes, AND success modes, stemming from this dilemma that bitcoin must either overcome or succumb to. 

On the success path, I like what @justin_shocknet said "Real chain-activity MoE is when institutions use it like they do wires today, still a decade out or more."

So maybe it's a race between something along these lines, and the security budget getting unbalanced in a way that makes bitcoin vulnerable. 