As of the latest patch notes, bait will no longer be obtainable and fishing will not require bait anymore. This is a pretty good change, but it’s kind of sad because so much stuff can be done with the concept of bait.
Different tiers of bait can be added that are limited in quantity, but in turn increase the quality of fish you catch. Some special baits can be added to catch items more often as well. They can be uncommon or rare to obtain (think of bait in Terraria).
This would make fishing more enjoyable because it’s currently the slowest, grindy, and most likely least enjoyable pastime in the game.
fishing is only enjoyable if you have good luck potions active since you’re actually (probably) getting something out of it.
too bad luck potions require fishing.