This was before my time, but I can't believe how high the fees were back then compared to now. The median fee in this block is generational wealth for like ten families.

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Important observation. Most people do not understand that fees in SATS terms have only gone down.

This is because Bitcoin has hyper monetized since the first halving.

🤔 why were fees so high when blocks weren't anywhere close to being full?

It’s a halving block. People were doing it as a form of celebration. It’s not representative of the normal market.

Yes, but fees were higher back then because they were considered free or almost free since the fiat value was so low. At least that's how I thought about it in 2014.

the blocks on either side also have quite high fees considering they're empty. Maybe fee estimation wasn't as good