There is not a low fee security problem. The systems is elegantly Responsively Resistant. Waiting for an *attack* Fees will spike in response to degens/spammers/scammers AND TO *attacks* from those censoring transactions. The sudden lucrative fees incentivize more mining. The attackers *mostly* have to pay in miners in SATS and they know this. Gets too costly. *attackers* run out of resources. Fees fall back to baseline. Like the toughest kid in the schoolyard. Rarely has to fight. Or a massive militarized border that never fires a shot.
I've not made a claim one way or the other, I'm just pointing out a simple thing we can observe about it's history. I didn't even bring up a security budget issue in the positive or the negative. That said, the point you make is an interesting way to think about it.
💯 Was just taking the opportunity to communicate how we should think about security - IMHO. It took me a long time to get here. It’s essentially Pierre Richard view, that I now feel like I grok. One problem with my take is those censoring will not in general be paying fees to censor, they will use other forces/resources. But the way around the *censorer* ?sp? is to pay more fees in SATs or pay out of bounds. Either way money flows to the miners. Theoretically anyone can mine, and if you can make a profit, people will plug-in. 🤝