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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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zoo pfp
zoo
@zoo
dau cohorts too pls
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Jack pfp
Jack
@jackten
But why no demand?
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albi is /nervous pfp
albi is /nervous
@albiverse
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albi is /nervous
@albiverse
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albi is /nervous
@albiverse
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albi is /nervous
@albiverse
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albi is /nervous
@albiverse
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albi is /nervous
@albiverse
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albi is /nervous
@albiverse
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@albiverse
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@albiverse
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Sophia Indrajaal pfp
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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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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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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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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Kccrypto🎩 pfp
Kccrypto🎩
@kccrypto
the block/blob space is so abundant now, and the question becomes how to fill them. Infra and blockspace limitations are no longer valid, and let's think about apps that will make use of the blockchains
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Uncle ↑ pfp
Uncle ↑
@uncle
Directions unclear. Built public road to save $ETH price
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Watchmaker.base.eth 🎩 pfp
Watchmaker.base.eth 🎩
@watchmaker
So it isn’t a mistake that most of my net worth is ETH?
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