[Sambdala]

Yeah, this is likely to be the case.

Part of the genius of the block award being so top-heavy in the beginning is that it made the network much more secure than it would have been if it had relied on transactions from the beginning which will allow it to mature and stabilize before supply & demand determines what the market is willing to bear in transaction fees.

In addition, it allowed a decentralized method of distributing the coins that isn't able to be gamed.