Ethereum

Base

after 2 years of hard work, blobs are now live on @base

before: $0.31
after: $0.00 (but actually $0.0005)

wallets need to update to handle these cost reductions!

1/ i'm so proud of us reducing @base fees 100x+ — but i've also seen how much hard work it's taken to get here. 

i want to share my perspective, with the hope that it shows how thinking long term, working hard, and doing things *together* can do massive good in the world.

@base builder #001; onchain cities w/ OAK & city3

Honestly Jesse, I’m so excited about this! We’ve heard a lot that ETH gas fees have been such a barrier to donating crypto to our org - I’ll make it a mission that we encourage people to send across Base. 

But remind me, if I’m donating $20 in ETH, I’m then bridging my ETH, what’s a typical bridging fee?

I lead crypto@rescue.org & manage irc.eth for Einsteins 90yr old Charity - We’re in 50+ countries globally & helped over 32m+ people last year /globalcrisis-irc

Just tried bridging $20, approx $50 in fees. Obviously on large sums it makes sense to just bridge & donate.

It highlights why it makes sense to move most of my assets onto base so I can actually use it to transact - Once you’re in Base it’s so easy, we just need that pinch point on bridge fees to reduce (somehow)