Many people have speculated that the fees will just keep going up linearly
Why Bitcoin Will Get Scaling Without Segwit or Large Blocks
Jimmy Song
27119

Linearly? They go up exponentially! There are always more low-value transactoins than high value transactions (think Zipf law). Which means if growth is linear (which is not the case), even then fees would go up exponentially.

Because transactions pay whatever they must to stay on. So fees are determined at the cut-off point by the last person to give up on Bitcoin completely (or for that use-case).

Like what you read? Give Wouter Schut a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.