Interesting comment.

I’m not going to slag off anyone for raising it as a potential issue, but it deserves a nuanced take instead of scaremongering. Nic and Udi - I trust neither of them and doubt they are acting in good faith.

The simple answer is we don’t know. Bob Burnett on Natalie Brunell had some interesting thoughts on the scarcity of block space the other week though. Tldr - it’s wholly scarce. We haven’t even begun to see the consequences of this yet - as you say lightning (and Segwit before?) has had a big dampening effect.