Anatoly Yakovenko
@toly
Users treat exuberant fees as a defacto liveness failure. To those users Ethereum was down for all of 2021. Ethereum fees were so bad that 99.5% reliability but guaranteed low cost was better, and thats how solana managed to get pmf.
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Augustvscaesar.eth
@augustuscaesar
If that’s what you gotta tell yourself. But the network was unusable, not down. Two different things. It was functioning as designed. Yea it was shitty to pay 100 dollars to send 1 but it was functioning as designed. If ethereum is designed for more throughput, and it’s coming, it will function as intended with up time. Solana is not functioning as designed when it goes down. I think that’s the difference.
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Anatoly Yakovenko
@toly
I don’t have to tell myself anything. The opinions that matter are those of the users. Enough users switched 🤷♂️
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Augustvscaesar.eth
@augustuscaesar
Right the market did adjust. Not saying they didn’t. But I am saying the statement that Ethereum went down in 2021 is false. It functioned as intended & designed.
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Anatoly Yakovenko
@toly
To a user expecting a certain price it was down. It doesn’t matter what the distributed systems nerds say. The user is always right. https://twitter.com/vitalikbuterin/status/981090555697405952?s=61&t=dFLw-Vi1TCLJTm-2VCRmOw
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Augustvscaesar.eth
@augustuscaesar
It’s not even about price though.. I’m just saying the statement is false. Ethereum was not down it functioned as intended. Yes a fucked up design. But it wasn’t down. I was priced out too. I mean I get it. Waking up at 2 am to get onchain. I was there but to say it was down is wrong.
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Anatoly Yakovenko
@toly
We had a bug in the implementation. Reliability improved over incremental patch releases without sacrificing localized fee markets that isolate fee hotspots between usecases. Ethereum fucked up the design actually. Any single usecase can cause congestion for the whole chain. This has been true since inception with nothing done about for a decade.
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