If BTC price falls 50%, and hashing difficulty stays the same, will transaction fees rise by 100%?

in btc •  last year

If BTC price falls 50%, and hashing difficulty stays the same, will transaction fees rise by 50%?
Or will it be up to the miners to reduce fees and absorb part of the decline in profitability?
Moore's law predicts that computational power can not maintain the pace of Bitcoin hashing rise in difficulty, and Moore's law's pace itself is unsustainable.
What will happen when Bitcoin mining becomes uneconomical due to energetic considerations?

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@fersher - interesting post and I think the answer contains many variables. I cannot imagine miners wanting to reduce fees!!

I have answered your question regarding EOS on our latest episode of Crypto Nights - be sure to check it out.

Alex

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