[phillipsjk]

Of course the fees would drop after raising the blocksize.

The current fees are well above the marginal transaction costs of processing and storing those transactions. (I estimated it was 3cents/kB, assuming GB scale blocks on ~1000 4U (36 bay) servers with 10Gbps networking distributed world-wide.) Other analysis I have seen erroneously assumes the POW is a marginal cost: which is only true with a tiny, limited, block-size.

During the September 1, 2018 "stress test" on the BCH network, the average transaction cost actually went down. All while the network processed 2 million transactions in a day.

[j23450n]

Pretty much this. I don't think greg has read any economic theory, let alone introductory microeconomics where you would see the idea of 'marginal analysis'. I mean his reply suggests that demand is entirely static, or inelastic, which would be interesting to study, but certainly shouldn't be assumed, and is likely completely false.