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
5 replies
11 recasts
57 reactions
binji 🔴
@binji.eth
1-2 chats with people who use crypto daily and it becomes obvious that not enough people are building for them. So much of the TAM discussions in crypto are held in post-token launch offices, where teams optimize for headlines vs use cases. Where the “addressable market” are the greater fools who they can sell their tokens to. But there are some emerging from the shadows, teams building real things and focusing on user needs first. Proud to get to work with some of them, and excited for when they begin branching into the world more publically.
0 reply
0 recast
2 reactions
Paul Dowman 🔴✨
@pauldowman.eth
The Internet was also very much demand-limited in 2001. Infrastructure had been way overbuilt
0 reply
0 recast
1 reaction
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.
0 reply
0 recast
0 reaction
CryptoPlaza🎩Ⓜ️💜 OG449
@especulacion
Thanks for your article. Let me share my opinion on this topic https://mirror.xyz/0x3e0cf03f718520F30300266dcF4DB50bA12d3331/j0UiEfuNzpHcbkNy4JoAgEO7CHCEUkj-uioSBZtv8hA
0 reply
0 recast
0 reaction
alec.eth is yapping🤠
@alec.eth
Ty for posting. Getting close on a piece about everyone being a consumer founder that’s shaping up similarly Cheers
0 reply
0 recast
0 reaction
