If miners no longer receive a block reward in the far future, and fees are far lower than the block rewards of the past, wouldn’t this drastically decrease the hashrate as non-profitable miners go offline due to only having fees and no block reward?

  1. Block reward hits 0
  2. Miners go offline because they can’t profit
  3. Difficulty adjusts accordingly
  4. A small fraction of previous hashpower is capable of maintaining profitability
  5. Btc is now much less secure because fees on a 1mb block are far smaller than block rewards

Can you please fill me in with any missing details / corrections on my logic?

Thank you all.

submitted by /u/SamotoNakatoshi256
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