BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

@samuellhuber I was off by two months from when I thought it was going to happen (although in April it did briefly spike due exactly to spam), but...

echo -n 'the dencun release will be a net failure for improving fees for L2s as the blob transactions will get flooded with spam' | shasum -a 256

Off on the timing, right on the assessment: blob fees are now becoming more expensive than calldata.

How do you combat spam on basically free networks?  Most free or low fee platforms to date ultimately succumbed to just being cesspools of scams and low effort trash.  There is something to be said about having some sort of fee for using a chain.

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The core problem isn't a fee, it's the nature of the market created. Ethereum abandoned sharding the L1, saying L2s have effectively achieved this for them. The problem is, sharding is a protocol-controlled aspect, with some form of limit (e.g. how many shards exist). Making a separate fee market for L2s with 6 blobs per block essentially guarantees that if there exist more L2s than blobspace, the fees will inevitably regress to at least what it cost before for calldata.

A market will invariably develop when demand exceeds supply. Ethereum has not given up on sharding. We have effectively execution sharding today, and we will get data sharding with PeerDAS in Pectra.
Ethereum averaged yesterday 300 tps. 20x the L1 throughput and 6x what we had before Dencun.