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Main point is on the goldilocks slide.
Demand fluctuates due to a wide variety of factors. If supply is static then the likelihood that the supply is optimal at any given point becomes quite low.
If cost of block space is too low, it has centralizing effects / makes thermodynamic security unsustainable.
If cost of block space is too high, it also has centralizing effects / pushes users to trusted third parties or other networks.
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Has low cost of block space really resulted in a security risk? I get that security is not maximized in this co text, but maybe it’s optimized?
Is it really a problem for Bitcoin to be a premium network for the most important transactions? Why does it have to be the network for all transactions?
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