Anatoly Yakovenko pfp
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.
40 replies
125 recasts
603 reactions
Augustvscaesar.eth pfp
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.
1 reply
0 recast
9 reactions
Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
I don’t have to tell myself anything. The opinions that matter are those of the users. Enough users switched 🤷‍♂️
2 replies
0 recast
11 reactions
Augustvscaesar.eth pfp
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.
1 reply
0 recast
3 reactions
Anatoly Yakovenko pfp
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
3 replies
0 recast
3 reactions
shazow pfp
shazow
@shazow.eth
Is this a fair claim? "Users treat rent deposit as a defacto liveness failure. To a user expecting a certain price it is down. The user is always right." https://warpcast.com/toly/0x42edf31c
2 replies
0 recast
2 reactions
Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
If enough users think that state rent deposits are dumb that it blocks great devs from building great apps, we have to fix it or lose market share.
1 reply
0 recast
2 reactions
shazow pfp
shazow
@shazow.eth
Is it a defacto liveness failure for these users?
1 reply
0 recast
2 reactions
Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
https://twitter.com/vitalikbuterin/status/981090555697405952?s=61&t=dFLw-Vi1TCLJTm-2VCRmOw
1 reply
0 recast
0 reaction
shazow pfp
shazow
@shazow.eth
Is that a yes? No?
1 reply
0 recast
1 reaction
Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
No, account creation fees are a fixed static cost. It’s not a dynamic property. Other users spiked the fees so everyone else couldn’t transact at an expected price, that would be a denial of service, a defacto liveness failure, even if the chain is still making blocks. What’s the expected price 🤷‍♂️ it’s subjective. 30x+ variability isn’t advertised by ethereum L1 or L2s as a feature. So to reasonable people they are still dogshit unreliable at providing a service. https://x.com/0x_Osprey/status/1917627183524372486
3 replies
0 recast
3 reactions
Augustvscaesar.eth pfp
Augustvscaesar.eth
@augustuscaesar
But fixed pricing doesn’t allow for a fair supply & demand right? If demand skyrockets and price stays the same, does supply expand infinitely? Thats one thing I never understood about Solana.
1 reply
0 recast
0 reaction
Anatoly Yakovenko pfp
Anatoly Yakovenko
@toly
We are at 800m accounts, and the software has been simulated to 15 billion. So there is headroom. But long term design requires some dynamic pricing. https://x.com/aeyakovenko/status/1796569211273445619
0 reply
0 recast
1 reaction