That is when people will be kicked off the land, for failing to pay those extortion fees.

This is where my plan for bitcoin comes in (a trade for the tangible in exchange for the intangible). Most of us will eventually be kicked off chain due to the high transaction fees (@anonymint says that this is by design). Bitcoin (BTC) is a store of value, but the protocol has ossified to the point that it will likely never be a good medium of exchange. As for the transparency of it all (and lack of privacy), transactions on chain will likely be > $1000 USD and be primarily between nation states and elite bankers. @anonymint says that's what it was designed for and it will likely pan out that way.

If you aren't aware of the potential of the segwit donations attack, you can read about it here and here.