Day 1 I was very concerned... Now not so much.
Jpeggers are running nodes, learning utxo control, its silly to me that jpegs brought people in.. But people coming to bitcoin is good. Even with the discounted hlockspace for segwit - financial transactions are so much smaller that increases in sat/vbyte rate are fairly easy to stomach compared to the inscriptions...
My concerns are that the economics don't play out like i expect and bids on jpegs are so high that financial transactions get pushed out.