Block reward is 60 grin forever. Why is this not enough to secure the network forever? Correct me if I’m wrong, the argument for a constant block reward is to secure the network. If this is one of the main arguments, what are transaction fees for? Fees can function as a bid to be included in a block. However, this can remain as the main function, but what if that’s not needed?
What would happen to the network if transaction fees were removed, and block reward was the only function to securing the network?