If fees were the only source of miner revenue today, revenue and hashing infrastructure would also decrease 100 times, putting the network at risk of experiencing 51% attacks. Drake stresses that if bitcoin rises to $1 million with the same level of fees collected today, it would only represent 10% of what miners are receiving today, also opening the network to attacks. “Bitcoin would be a $20T asset secured by 1/10th of today’s hashing infrastructure,” he detailed.