This is nothing new. Satoshidice, spam attacks, etc, we've seen high fees before and the network has adapted. When fees are low people say bitcoin will break because miners starve, when fees are high people say bitcoin will break because nobody can use it. They have always been wrong.

harrr

bitcoin

I think high transaction fees are going to do the exact opposite.

Higher transaction fees mean that more miners are incentivized to turn on their rigs and start mining Bitcoin.

This will lead to smaller miners being more profitable.

Transaction fees have increased something like 10x over the last little while.

The people who are transacting are sending something called "ordinals" - jpegs (pictures) inscribed on Satoshis.

They are spending A LOT of Bitcoin in an attempt to attack the network (because they don't seem to care about it).