polynya
@polynya
Revisiting this post. I now believe this was an overestimate, now that we are demand-limited with clear data for over a year instead of supply-limited like we had been for the first ~15, I have a better understanding of strict global consensus, and fintech continues to progress rapidly, particularly in Asia and Africa. I still believe demand will grow over time, but the endgame "cliff" for "valuable transactions that need full Ethereum security" will be much lower than I had thought in 2022. It is important to consider the evidence instead of blind hopium and entitlement as increasing blob supply callously has clear tradeoffs socially, technically and economically that can compromise Ethereum's core values for zero gain. Needless to say, as usual, I was accused of being too pessimistic in 2022 when in reality even I was being too optimistic. Given prior history, it's likely I'm still too optimistic! https://polynya.mirror.xyz/gm6bUvvDF-sQAt7HuU6kRKCLIT9tAuaSCxHeNFdDVHk
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pa7x1
@pa7x1
We tend to use all the available compute resources available. Because developers and users will always trade additional convenience for performance. Do not assume the blockspace size for a specific exchange is fixed in size. For instance, do not assume a basic ETH transaction will cost 100K Gas for ever. If blockspace is oversupplied, we will use all extra capacity to add all the convenience belts and whistles. Layers and layers of abstraction would chew the extra capacity so that it becomes easier to develop, and the user gets additional convenience.
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