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jesse.base.eth 🔵
@jessepollak
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.
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jesse.base.eth 🔵
@jessepollak
2/ my story for 4844 begins in march 2022. we wanted to bring @coinbase onchain, but didn't know how. so we started experimenting with different onchain products to see what would stick. as we built, we decided (a) we wanted to build on ethereum; (b) L2 was the place to do it
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jesse.base.eth 🔵
@jessepollak
3/ BUT, we saw a big problem: even then, L2 fees were too high to bring millions of coinbase users onchain. at that time, @liam.eth was leading OPLabs, we started talking, and he told me about 4844 — an initiative that could lower fees dramatically on L2.
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jesse.base.eth 🔵
@jessepollak
4/ we didn't know what we were building — but we knew whenever we figured it out, we'd need fees to be as low as possible. so we needed to help. I wrote up a proposal and @barmstrong and @danger approved us having @mdehoog start contributing.
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jesse.base.eth 🔵
@jessepollak
5/ thus began our first contributions to ethereum. over the next lil while, we brought in @dgc and @bayardo.eth, who hacked with @proto.eth, mofi taiwo, @terencechain, & others they wrote code. i coordinated and took notes for a weekly meeting with contributors.
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