Think about this...
in 2012, 2016, 2020, miners had huge control over the Bitcoin market. They could influence the price to be able to accumulate more cheaper, and they could also influence the price positively to make up for the differences that occurred during halving...
This time, things are a bit different. A lot of supply has been bought, but not sold back. Not as much has been mined, and more have been distributed to a larger amount of holders, who are also stronger holders this time around.
So, how can miners gain power, revenue, and profit in preparation for yet another hit to their control over Bitcoin?
Fees. Jack the fees up, extract as much value as possible, artificially clog the blockchain, if need be! Urgent transfers will need to pay, services will need to pay...miners claw back.
That's my logic path anyway
in 2012, 2016, 2020, miners had huge control over the Bitcoin market. They could influence the price to be able to accumulate more cheaper, and they could also influence the price positively to make up for the differences that occurred during halving...
This time, things are a bit different. A lot of supply has been bought, but not sold back. Not as much has been mined, and more have been distributed to a larger amount of holders, who are also stronger holders this time around.
So, how can miners gain power, revenue, and profit in preparation for yet another hit to their control over Bitcoin?
Fees. Jack the fees up, extract as much value as possible, artificially clog the blockchain, if need be! Urgent transfers will need to pay, services will need to pay...miners claw back.
That's my logic path anyway