Actually that's the lest worse of them
The fee for the tx might be 201,892 sat/vB , but the effective fee is only 1,909 sat/vB, it a fee with ancestors into the half of kilo size with 40-30satb
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.
Yeah , nice
conspiracy theory..
Why didn't those miners do that when core went in bankruptcy protection and riot clocked $300 million losses?
How are miners clogging the network when this epoch alone the pace is up 5% so this period we had extra 87 blocks than normal, just for the sake of comparing things 60 blocks it's all it takes to drop fees to under 30sat/b.
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...
Please do elaborate!!
I'm curious how miners as that time, were being able to control the market, but please use data for this, not baseless assumption as I never had the feeling i'm in some mastermind group that uses my hashing power to fix the price.