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?
BCH has 8MB blocksize while BTC has 1MB. If you increase blocksize, considering all the blocks will be filled, it will cost more to run a node which will create less interest in running a full node. The more nodes you have, the more decentralized network it is. Since a node has no monetary gain, people wouldn't voluntarily spend a lot of money to run a node.
Apart from that, it will lower the profit for miners too if I understand correctly. If the profit becomes lower for the miner, the number of miners will be decreased, and again, as philipma1957 said, will be easier to manipulate the fee. Maybe with fewer miners than right now we have, you may see no more 1sat/byte tx because it will be easier to manipulate the fee.
Try reading-
Title: Dynamically Controlled Bitcoin Block Size Max CapTitle: Consensus based block size retargeting algorithmIt would nominally cost more. At this point you need a 1TB drive to hold the blockchain. So if we jumped to 4mb blocks that were always 100% full then it's still going to take 2 years to fill it up. The gold standard of consumer SSD is still Samsung. A 1TB drive is $60 a 2TB drive is $120 not a dramatic difference when factoring in the cost of the rest of the system.
Used spinning drives in the 1TB ans 2TB range are just about free, if not free in most parts of the world. They are really just scrap at this point so if you are going for used from that side, it's not a big deal.
Seriously, I just took about 50 1TB spinning drives to the ewaste recycling place because I could not GIVE them away. I had them on freecycle and craigslist and they just sat there.
I still have more, but the shelf was full.
Not saying that the block size should be increased, just that it will drive up costs is not a good argument in 2023.
-Dave
The transaction was probably a mistake ,or fixed fee withdrawal.