Another concern of mine is the high transactions fees and it will only escalate further to maintain the public ledger. In order to address this it would need to change into something different.
Not different, but the value must skyrocket in order for mining to continue to be profitable. Bitcoin isn't a technology, it is an incentive structure until technological form. Bitcoin is a deflationary currency, it is designed by restricting its supply to an immutable number of 21 million to appreciate in value as the demand for ownership of Bitcoin increases.
Do not fixate on Bitcoin's limited transactional capabilities. It can only handle seven transactions per second. That's because the second layer transactions that settle daily or even weekly or developing, layers such as lightning (an l2 settlement structure)
Another concern of mine is the high transactions fees and it will only escalate further to maintain the public ledger. In order to address this it would need to change into something different.
That’s a legitimate concern. The Lightning Network illustrates your point wonderfully.
Not different, but the value must skyrocket in order for mining to continue to be profitable. Bitcoin isn't a technology, it is an incentive structure until technological form. Bitcoin is a deflationary currency, it is designed by restricting its supply to an immutable number of 21 million to appreciate in value as the demand for ownership of Bitcoin increases.
Do not fixate on Bitcoin's limited transactional capabilities. It can only handle seven transactions per second. That's because the second layer transactions that settle daily or even weekly or developing, layers such as lightning (an l2 settlement structure)