No wealth is being burned, it moves to miners if patience is not an option.
Discussion
Good point about patience. Eventually things will stabilize and fees will be consistently high. What happens then?
L2 solutions will probably get a massive boost as problems/crisis is when innovation explodes.
Still, this eventuality is purely hypothetical - nobody can say for certain if a high fee env will become the norm. We had a pretty long period recently, which also ended with fees as low as 4 s/vb.
It was always the case. Bitcoin base layer was never made for everyday spending. It’s the base layer of sound money. Other layers will answer your issue. I use base layer as longterm SoV, layer 2 i use for spending. Chill, it’s early days. But yes longterm fees will rise, adoption will create higher fee environment.