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butterfly
@nerdsniped
r/ethereum ama is a crazy good nerdsnipe. based sequencing, native rollups, staking caps, …. http://tinyurl.com/wrv92zd3
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@nerdsniped
the native and “custom” rollup naming is good, very memeable. bonthesponge1 lays out why based sequencing is the best approach for shared sequencing. couldn’t agree more.
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@nerdsniped
they argue that we need shared sequencing and real-time proving to get us universal synchronous composability. unified L2 liquidity that can compose with itself and L1 within block times iiuc.
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@nerdsniped
see the shared sequencing desiderata below. 1. credible neutrality. 2. security 3. preconfirmations 4. L1 compatible.
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@nerdsniped
i also really liked the explanation of economic security and security budget. very helpful to clear up some naive misconceptions i had. thanks to the ef for this awesome ama.
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@nerdsniped
one question i thought of is. why is the gas limit important to increase now if most economic activity is moving to rollups anyways? if increase the block gas limit you are increasing the load on the network which is not scalability by definition. scalability = TPS / cost to validate all transactions.
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@nerdsniped
to me increasing the gas limit signals to some people. should just keep using L1. i think there are benefits to being able to pack more call data or proofs into a block. but i’m not sure the former is being considered anymore. its not necessary when we have big blobs after prague/electra iiuc.
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@barnabe
I don’t foresee the L1 having a lot less activity in the near to medium term future, and I don’t think increasing gas limits there necessarily prevents the adoption of rollups. L1 remains a central liquidity hub, which induces economic activity, if only to bridge around
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@nerdsniped
when think about protocol upgrades from an economics pov. what are some of the questions to ask. like heuristics at least to ethereum? i want to learn.
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Barnabé Monnot
@barnabe
Nothing crazy, I think the hardest and most interesting would be doing econometrics, like what is the price elasticity of users? This could answer stuff like "If we were to increase the gas limit by x, we should expect prices to go down by y", and then doing cross-elasticities between L1 gas and L2 gas
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