that thread is a bit old but still has value.
I have been so busy mining and to explain in full detail about how some of those ideas and other ideas can be used to explain how fees can be twisted and distorted would take me weeks to do the thread. To give some explanations of the lack of balance in the fee structure and how we stand today. vs 2014 or 2016 or 2018 or 2020.
Bottom line is the fee setup is subject to attack at little or no cost if any major pool gets involved in the attack.
I am a small commercial miner maybe 160kwatts of gear which is a drop in the bucket.
But if you have 100 megawatts and work with a large pool with a few other big mines you can really do a whole lot to move fees from 0.15 btc a block last year to 1.50 btc a block now. I do think this is happening now.
But I also think it means we are about to see a large btc price increase. As this super sized blocks seem to happen in the beginning of bull runs.
So, if I make 20,000 transaction offline with 0.001 sat/vB, roughly $30 and then broadcast all of 20,000 transactions immediately once I connect online, does that mean that I'm able to abuse the tx fees? Yes, I'll lose 4 Bitcoin in fees but if we assume that one block takes 2000 transaction and one block is mined every ten minutes, I'm capable to ruin the party for everyone for 2 hours, right?
And why isn't there unity to fork bitcoin and increase the block size? There was a Bitcoin Cash fork from Bitmain, that owns Antpool and BTC.com, with aim to increase block size and get rid of stuck transactions, however, people here hate BCH and don't support it, what's the reason?