Miners are pretty happy for it, but if they are subsidising it, it has a real cost when someone else mines a block. This is unlike NFT mints giving 'millions of dollars' worth of NFTs to celebrities. It is short sighted because in the long run it is going to drive more custodial approaches. I think ETFs are more likely to be behind it to drive down self custody.

Part of me wonders if this is some 4D chess played by court jesters to make a point of pain so that users are accepting of a scaling solution.