Oddbean new post about login | logout I partially agree with you. But it is good to have that conversation. If blackrock want to make his miner investments look good he could make a few million transactions in ordinals…
It would be a losing trade. Unless Blackrock owns all the miners, the fees get distributed to different miners each block. So they would be paying tons of money in fees, just to cause fees to be higher (so maybe capturing 50% higher revenue while spending tons on fees) and they would be paying the entire cost while only getting some percentage of the increased reward.
Thoughtful discussion! Appreciated reading through it this morning 🤙