Not necessarily. The segwit softfork effectively increased the blocksize and the world did not end. The rules have not been unfuckable, that's why bitcoin has been soft and hard forked in the past, when the situation justifies it.
Discussion
How do you think this conundrum affects a pleb miner that finds alpha in some untapped energy source ? Im having trouble putting it all together in my brain but i think bigger blocks reduce revenue for miners, therefore makes it harder to participate for smaller entities. Whereas with higher and higher fees one can continue to participate in L1 without being crowded out if they are mining below par cost. 🤔
But i suppose in the custodial option you dont even have the option to pleb mine eventually 🤔 it eother becomes too expensive or not profotable eventually with either option.
Hard to say since fees will get lower but more transactions per block should be processed so it should even out.
It shouldn't affect you anyway since this is all happening in pretend-hypothetical-land.