it’s quite simple: you guys created way too much blockspace

Just because Beanie Babies crashed in value, doesn’t mean stuffed animals weren’t going to be important.

I work for Ethereum at the Ethereum Foundation.

ive had more than one good tweet maybe not more than 10 but at least more than 1

The bigger problem IMO is too much of today's blockspace is artificially subsidized by VC dollars. Investors are hoping to trap users in their corner of blockspace so they can begin their extraction cycle, but I doubt it's going to work.

It's just going to lead to massive state loss, instability, destruction of value.

digital scarcity is no longer the main narrative, embrace abundance!