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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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
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Augustvscaesar.eth
@augustuscaesar
Yes this is how economics works. People move to the lowest cost of doing business. But that only exists in a new market. Once players are cemented behavior changes.
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