that is right. mainly spam is slowed down. miners just mine what they see that maxes their fees. a few miners may also not mine pammy transactions.
the hysteria is being built up around forking by the people whose business model is based on data storage. those that are promoting bitvm, and thus depend on unlimited witness on taproot, and these same people also want covenants, which break the fungibility of utxos with encumbering spend rules.
these people want to ride bitcoin's massive security and reputation to implement fiat finance business models. their fantasies destroy the very reason for bitcoin's dominance. neutrality.
