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Content
@
https://ethereum.org
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polynya pfp
polynya
@polynya
My post from 1.5 years about "assessing demand drivers for ETH" had the line "Needless to say, we’ll need to wait for EIP-4844 to assess this." Now that EIP-4844 is out for half a year, it's indeed time to do so. As such, I'd downgrade the significance of "L2 fee burns" from 2/10 to 1/10. While it's very likely demand for blobspace is gradually going up, supply is up even more with PeerDAS imminent, plus full sharding & Nielsen's Law making blob count up only. Cross-L2 interoperability has also been much less required than anticipated, as most users are happy to stick to their chosen L2, or bridge between only occasionally So, why was I (mildly) wrong? I did not fully understand the concept of strict global consensus then, which I only wrote about in depth later in 2023. With a better grasp of the true demand landscape for blobspace, the 1/10 is obvious Also, this is great for Ethereum/ETH in the same way as building public roads https://polynya.mirror.xyz/GPC26Y_rlwCyPpj_N3HeW_izY1-pIVwKW5bjuPNrGeQ
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pa7x1 pfp
pa7x1
@pa7x1
Did you expect for demand to magically appear and fill instantly 30x the blockspace capacity of the L1? 6 months after blobs are filled 85% of the target capacity and calling it a failure. By the end of the year we are likely saturating blobs and a fee marker starts to develop.
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Sophia Indrajaal
@sophia-indrajaal
I'm also a non programmer, and an ETH speculator, so here is a data point. Bought ETH because reading about it got over my head so fast, but I visualized it in a way that really, on retrospect, helped me conceptualize what a DAO is, and what it could be and it suggested a whole new paradigm of what is possible.
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Suvo pfp
Suvo
@suvoo12
👍🏻
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¿zoo? pfp
¿zoo?
@zoo
dau cohorts too pls
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Jack pfp
Jack
@jackten
But why no demand?
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MattwithouttheT 🎩 pfp
MattwithouttheT 🎩
@mathew.eth
Bookmarking this to read in the morning! GN polynya. Glad to see you back on here :)
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louis albiverse
@albiverse
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louis albiverse
@albiverse
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louis albiverse
@albiverse
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louis albiverse
@albiverse
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louis albiverse
@albiverse
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louis albiverse
@albiverse
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@albiverse
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@albiverse
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@albiverse
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louis albiverse
@albiverse
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oliver pfp
oliver
@oliverk120.eth
Directionally right for sure though.... I would also say it's probably a little early to draw conclusions yet
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Jan pfp
Jan
@sowhatjan
How do you evaluate the other drivers after your post last year? Do stable coins, for example, threaten Economic collateral and Unit-of-account (3&4)?
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Juan pfp
Juan
@basadito.eth
el ser ah vuelto
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