Could miners create a cartel to raise transaction fees?

Could miners with enough mining powers (say >95% of all blocks) form a cartel where they demand absurdly high transaction fees? Of course, I still could could hope for a miner not in that cartel to relay my transaction for a lower fee, but in that case I couldn’t be sure when my transaction gets paid to the adressee.

Is this a plausible scenario?

Continue reading Could miners create a cartel to raise transaction fees?