a free market capitalist system,
In a free market capitalist system, high prices mean efforts are made to meet the demand. What we have is centrally controlled artificial scarcity.
One could argue the efforts are to increase transaction capacity are (supposed to be) made off-chain.
yeah we could but realistically using btc as cash is not practical.
If the transaction is under 100 dollars and fees are high it simply does not work.
If btc does go to 200k which is possible the smallest on chain fee is maybe 440 sats or 1 dollar
so at a 200k price and 4 sats a byte fee we would be one dollar cost.
I can see this as being always true 1 dollar and up per send seems to be certain.
while doge is 10x the blocks and 1 doge per tx is only 11 cents even if it goes to a dollar a coin.
so for small 100 dollar sends doge is clearly better.
btc is not a p2p payment system anymore.