Is there a general consensus on whether this is purely profit driven behavior vs. an actual attack on Bitcoin itself? I see debate supporting both sides from people whose opinions I respect, but there is very clearly a real impact on the fundamental functioning of the network and no clear answers given.
Is the only possible options as a pleb to fight against it to not participate and just wait for the initial hype frenzy to die down?
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If it is an attack it's not a sustainable one. Costing $1b a week means only the largest state actors would be able to pull off a coordinated attack and even then they couldn't sustain it indefinitely.
It's much more likely to be grifters who want to make a quick bit of fiat flipping these runes/inscriptions.