Leo Wandersleb on Nostr: Daniel suggests a nation state could buy enough bitcoin to price out all legit use of ...

Daniel suggests a nation state could buy enough bitcoin to price out all legit use of the network for a month or 20 by just pegging the fees above $100/tx.

https://twitter.com/csuwildcat/status/1655399304268218369

How realistic or damaging is that? What would happen?

So miners would be happy and expand their capacities for sure but would the price crash? Would adoption drop?