As we enter the next bull run the price of on-chain TX's will inevitably rise, firstly due to the price & secondly due to network congestion. Also there's quiet a few services that haven't implemented Segwit *cough* Binance.
In my opinion Lightning Network is nowhere near ready for global adoption, however it is a good conduit to free up the TX mempool. There's also a bunch of other off-chain/2nd layer solutions but let's be honest Lightning is currently leading the way.
Personally I've opened a bunch of lightning channels anticipating this fee rise, however it's still an uncertainty how it will all play out. Maybe channels become too expensive to open for the average person & custodial wallets become this next best thing?
Interested in the community's opinion on this.
I don't think that there is a direct correlation between the Bitcoin price going up and the transaction fees going up.Hypothetically,the blockchain might get stuck due to panic selling.The prices will go down,while the increased confirmation time and the fear of losing more value will force the people to choose higher fees and less confirmation time.
I also think that Lightning Network will be suitable only for businesses that require "instant" transactions
with no confirmation time.There are specific niches,where the on-chain transactions can't be used.
Comparing LN with the Bitcoin Core blockchain and thinking that they are actually competing with each other for customer transactions and fees is simply wrong.