You mean Ethereum gas prices almost hit 1k Gwei?
> None of the proposed eips do anything to de-incentivize "surge pricing" in mining rewards during "bank panics".
I'm assuming that you're talking about gas price surges, as gas prices don't directly correlate with mining rewards (since EIP-1559 was implemented).
What sort of mechanism would you propose to disincentivize surge pricing? Block space is a limited resource that's auctioned off, so a naive price cap would come with its own whole set of problems. I have never heard of a fair way to disincentivize surge pricing, but if you have an idea, I would love to hear it!
https://www.nyse.com/network/article/nyse-increases-resilian...
It just means that the backbone has to work even harder to clear the backlog once it's back online.
1559 means that in mad rushes, excessive fees get burned instead of given to miners.
Both of these things help combat gas prices and dampen runaway auctions. But ultimately there’s not a lot you can do to stop people who want to outbid others for faster inclusion, without introducing other ordering rules which are hard to agree on and seem to usually introduce dos vectors.