>> everyone tries to become one of the people that doesn't pay and then eventually there's not enough people paying for the thing to keep existing to benefit people

*Everyone* tries to avoid spending.
On a capped network everyone will ALWAYS try to avoid spending and hodl for as long as possible.
There is no incentive to spend because everyone assumes that their buying power will increase as time goes on

you Maxis are talking about it all day long.

The only thing pushing up transaction fees for the last two years have been people shitcoining on the network

In the absence of a block reward
only people who use sats for goods and services provide security for the network.
hodlers ride for free.

Since there will be no new supply,
everybody wants to hodl.
nobody wants to exchange for goods and services.

But since it's transactions that provide security,
On a long enough timeline
security goes to zero.