Maybe. But it could also lead to more transactions and enable some additional use cases. It's all about incentives, and miners are gradually starting to realize that getting a little is better than getting nothing. At the same time, it improves predictability. People feel less need to reach out to miners directly, and instead, we're returning to a more transparent mempool. So, I see it as not only inevitable, but mostly positive.
Discussion
How can there be more transactions ? Only the minimum fee limit is now lower, and the mempool is already filled ok.
The only thing that changes, is that in times when there is no spike in transactions (normal times) the fee tends to 0sats, and normaly the fee would tend to 1 sat, and this could be a big gamechanger in the future, i think.
For example, consolidations that aren’t worth doing when fees are high… It’s a matter of supply and demand. And if fees are, say, at least 100 sat/vB, a lot of transactions simply won’t happen. Some people won’t even consider using on-chain in that kind of situation. On the other hand, if transactions were theoretically still possible at, say, 0.01 sat/vB, it would be accessible to many more people. Fees would only converge toward zero in a scenario of low demand combined with very low time preference.
Yes you are right, but 100 sat/vB only means, that there are more transactions waiting than normaly but the blockspace is fixed, and only every 10 minutes there will be a block, so, if they can not wait that long, they have to go to layer2s. And than longtherm, there will be less transactions in the mempool, and the "Magnet" of 1 sat/vB will come back. So 1 sat is the lower baseline for the security of the network in the future. If we let that break, the baseline of the security goes under 1 sat/vB.
High fees does only mean, that the use of the Bitcoinnetwork is overheated. Do you know what i mean ?
I think I understand you.. but..
1Â sat/vB is arbitrary and not sustainable from game theory view.
If there isn't strong interest in on-chain transactions, then this weak convention definitely won't save us in the long run.